List of Private Banks in India 2021

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In India, the banks are divided or categorised into totally different classes. Each class or sort of financial institution has its features to carry out. The Reserve Financial institution of India (RBI) is having the best baking regulator authority in India. It regulates the financial coverage within the nation. On this submit, I’ve compiled the checklist of personal banks in India 2021.

Which is personal financial institution? What number of personal banks are there in India? What number of banks are personal? Is SBI personal financial institution? That are the 21 personal banks? Is HDFC a personal financial institution? Is Axis Financial institution A personal financial institution? If you wish to know the reply to all these questions, then this weblog article is for you.

Classes of Banks in India

In India, the banks are divided into 4 classes. They’re as below

1. Business Banks

The business banks in India are categorized into 4 forms of banks.

  • Non-public sector banks
  • Public sector banks
  • Regional rural banks (RRB)
  • Overseas banks

2. Small Finance Banks

3. Funds Banks

4. Co-operative Banks

Non-public Sector Banks

Non-public Sector Banks seek advice from these banks the place nearly all of the stake is maintained by personal people. Examples of personal sector banks are ICICI Financial institution, HDFC Financial institution, IndusInd Financial institution, and Axis Financial institution, and so on.

In India, there are two forms of personal sector banks

1. Previous Non-public Sector Banks (emerged earlier than 1968).

2. New Non-public Sector Banks (emerged after 1968).

The previous personal sector banks are smaller in measurement in comparison with the brand new personal sector banks. Under is a listing of personal banks India.

What number of personal banks are there in India?

At current, there’s a complete of 21 personal sector banks in India. Subsequent, you’re going to get the reply to the query: that are the 21 personal banks?

Checklist of Non-public Banks in India 2021

Right here is the personal financial institution title checklist (Pvt financial institution checklist), I’ve collected from varied sources. All you’ll want to do is take a fast have a look at the personal financial institution title checklist talked about within the desk beneath.

Sr. No Title of the Financial institution Branches Institution Headquarter
1 Axis Financial institution 4528 1993 Mumbai, Maharashtra
2 Bandhan Financial institution 670+ 2015 Kolkata, West Bengal
3 CSB Financial institution 417 1920 Thrissur, Kerala
4 Metropolis Union Financial institution 700+ 1904 Kumbakonam, Tamil Nadu
5 DCB Financial institution 334 1930 Mumbai, Maharashtra
6 Dhanlaxmi Financial institution 270+ 1927 Thrissur metropolis, Kerala
7 Federal Financial institution 1284 1931 Aluva, Kochi
8 HDFC Financial institution 5430 1994 Mumbai, Maharashtra
9 ICICI Financial institution 5288 1994 Mumbai, Maharashtra
10 IDBI Financial institution 1892 1964 Mumbai, Maharashtra
11 IDFC FIRST Financial institution 260 2015 Mumbai, Maharashtra
12 IndusInd Financial institution 2000 1994 Pune, Maharashtra
13 J&Ok Financial institution 1038 1938 Srinagar, Jammu and Kashmir
14 Karnataka Financial institution 857 1924 Mangaluru, Karnataka
15 Karur Vysya Financial institution 779 1916 Karur, Tamil Nadu
16 Kotak Mahindra Financial institution 1500+ 2003 Mumbai, Maharashtra
17 Nainital Financial institution 150 1922 Nainital, Uttarakhand
18 RBL Financial institution 398 1943 Mumbai, Maharashtra
19 South Indian Financial institution 876 1929 Thrissur, Kerala
20 Tamilnad Mercantile Financial institution 509 1921 Tuticorin, Tamilnadu
21 YES Financial institution 1000+ 2004 Mumbai, Maharashtra

The above desk will make it easier to to know the personal sector banks checklist. Listed above are all personal financial institution checklist which might be at present working within the nation.

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Non-public Sector Banks checklist 2021

After getting acquainted your self with the checklist of personal banks in India, now it’s time to know extra about all personal financial institution checklist in India.

Axis Financial institution

Axis Financial institution is the primary title within the checklist of personal banks in India. It’s the third largest and hottest personal financial institution in India. It is likely one of the first new-generation personal sector banks within the nation. Axis Financial institution began its operations within the 12 months 1994. It’s headquartered in Mumbai, Maharashtra.

Axis Financial institution gives a variety of economic companies to massive and mid-corporates, MSME, agriculture, and retail companies. It has a community of 4,528 branches, 12,044 ATMs, and 5,433 money recyclers unfold everywhere in the nation.

Axis has 11 worldwide workplaces with branches in Singapore, Dubai, Shanghai, Hong Kong, Colombo, and Present Metropolis-IBU. It additionally has its consultant workplaces in Dubai, Abu Dhabi, Dhaka, Sharjah and an abroad subsidiary in London, UK.

The tagline of Axis Financial institution is – “Badhti Ka Naam Zindagi”.

Click on right here to go to the Axis Financial institution web site.

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Bandhan Financial institution

The subsequent title is Bandhan Financial institution within the checklist of personal banks in India.

Bandhan Financial institution is a wholly-owned subsidiary of Bandhan Monetary Holdings Restricted. It began its operations within the 12 months 2015. It’s headquartered in Kolkata, West Bengal.

Bandhan Financial institution gives a bunch of banking services and products to its clients. Presently, it has a community of 4,701 banking retailers throughout the nation.

Bandhan Financial institution gives banking companies and merchandise to city, semi-urban, and rural clients alike. It has equal respect for all clients, large or small. It’s targeted on assembly the wants of the people who find themselves neglected by the formal banking system.

“Aapka Bhala, Sabki Bhalai” is the tagline of the Bandhan Financial institution.

Click on right here to go to the Bandhan Financial institution web site.

CSB Financial institution

The subsequent is CSB Financial institution within the checklist of personal bankers in India. CSB Financial institution, previously often known as Catholic Syrian Financial institution, is at present the oldest personal sector financial institution in Kerala. It had its modest starting in November 1920. It’s headquartered in Thrissur, Kerala.

CSB has a major presence in Southern India and Maharashtra. At present, it has 417 branches and 310 ATMs unfold throughout 18 states, 2 union territories. It has 4 principal enterprise areas – SME banking, retail banking, company banking, and treasury operations.

CSB grew to become a scheduled financial institution within the 12 months 1969 and was included within the second schedule of the RBI Act. It entered the sphere of Worldwide Banking within the 12 months 1975.

The tagline of CSB Financial institution is – “Assist All of the Method”.

Click on right here to go to the CSB Financial institution web site.

Metropolis Union Financial institution

Metropolis Union Financial institution was initially named Kumbakonam Financial institution Restricted. It was integrated as a restricted firm on October 31, 1904. It’s at present headquartered in Kumbakonam, Tamil Nadu.

Metropolis Union opened its first department exterior of Tamil Nadu within the 12 months 1980. At present, it has a community of over 700 branches and 1762 ATMs unfold throughout the nation. Metropolis Union gives a variety of services and products to its clients.

“Belief and Excellence” is the tagline of Metropolis Union Financial institution.

Click on right here to go to the Metropolis Union Financial institution web site.

DCB Financial institution

The subsequent is DCB Financial institution within the checklist of personal banks in India. It’s a new technology personal sector financial institution. DCB is a scheduled business financial institution and is regulated by the RBI. It has deep roots in India since its inception within the Thirties. It’s headquartered in Mumbai, Maharashtra.

DCB Financial institution’s enterprise segments are retail, micro-SME, SME, mid-corporate, authorities, public sector, Indian banks, co-operative banks, agriculture, commodities, and NBFC. It has roughly 6 lakh clients.

It has a community of state-of-the-art, customer-friendly 334 branches. These branches are located throughout Andhra Pradesh, Bihar, Chhattisgarh, Daman, Delhi/ NCR, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Silvassa, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.

The tagline of DCB Financial institution is – “We worth you”.

Click on right here to go to the DCB Financial institution web site.

Dhanlaxmi Financial institution

The subsequent title is Dhanlaxmi Financial institution within the checklist of personal bankers in India. Financial institution is likely one of the previous personal sector banks. It was integrated within the 12 months 1927. With its wealthy heritage, it has earned the belief and goodwill of purchasers over 93 years. It’s headquartered in Thrissur Metropolis, Kerala.

It has designated as a scheduled business financial institution by the RBI. Its title has modified from Dhanalakshmi Financial institution to Dhanlaxmi Financial institution within the 12 months 2010.

It has launched “Dhan Sensible” (Cell App) for the comfort of the shoppers in 2015. It has a community of 531 touchpoints throughout India for customer support.

The tagline of Dhanlaxmi Financial institution is – “Tann.Mann.Dhan”.

Click on right here to go to the Dhanlaxmi Financial institution web site.

Federal Financial institution

Federal Financial institution is likely one of the personal financial institution India. It is likely one of the first amongst conventional banks in India within the space of utilizing expertise to leverage its operations. Integrated within the 12 months 1931 and is headquartered in Aluva, Kerala.

Federal Financial institution gives a varied companies to its clients. It has a big community of 1284 branches and 1569 ATMs unfold throughout totally different states in India. It additionally arrange its consultant workplace in Abu Dhabi & Dubai.

The tagline of Federal Financial institution is – “Your Good Banking Associate”.

Click on right here to open a saving account with Federal Financial institution.

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HDFC Financial institution

The HDFC Financial institution is India’s main personal banks. HDFC was among the many first to obtain approval from the RBI to arrange a personal sector financial institution. It was established within the 12 months 1994 and headquartered in Mumbai, Maharashtra. It’s the largest personal sector financial institution in India by property.

HDFC gives a variety of economic services and products together with wholesale & retail banking, treasury, loans, and bank cards to its clients. It has a banking community of 5,430 branches and 15,292 ATMs unfold throughout the nation.

HDFC branches are linked on-line in real-time. It gives its companies to clients throughout India by a number of supply channels akin to cellphone banking, NetBanking, cellular banking, and SMS-based banking.

The tagline of HDFC Financial institution is – “We Perceive Your World”.

ICICI Financial institution

ICICI Financial institution is likely one of the main and rising personal sector banks in India. Its consolidated complete property stood at Rs.14.76 trillion on September 30, 2020.

It began its operations within the 12 months 1994. The financial institution’s registered workplace is in Vadodara, Gujarat and the company workplace is in Mumbai, Maharashtra.

ICICI gives a variety of economic companies and banking merchandise to company and retail clients. It at present has a community of 5,288 branches and 15,158 ATMs throughout the nation.

ICICI gives its companies to the shoppers by a number of supply channels and its group firms.

The tagline of ICICI Financial institution is – “Hum Hai Na, Khayal Apka”.

Click on right here to go to the ICICI Financial institution web site.

IDBI Financial institution

IDBI Financial institution is likely one of the personal financial institution India. The IDBI Financial institution is working as a full-service common financial institution that serves clients from all segments. Industrial Growth Financial institution of India (IDBI) was constituted within the 12 months 1964. It’s headquartered in Mumbai, Maharashtra.

IDBI gives a variety of economic companies and merchandise encompassing deposits, loans, fee companies, and funding options. It has a pan-India community of 1,892 branches and three,467 ATMs throughout the nation.

It gives an modern vary of digital companies that complement its pan-India community of branches and ATMs. Clients also can attain out to IDBI Financial institution by our 24×7 buyer care amenities.

The tagline of IDBI Financial institution is – “Banking For All, “Aao Sochein Bada”, Financial institution Aisa Dost Jaisa”.

Click on right here to go to the IDBI Financial institution web site.

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IDFC FIRST Financial institution

IDFC FIRST Financial institution is likely one of the personal sector banks in India. Erstwhile IDFC Financial institution and Erstwhile Capital First introduced a merger in January 2018. It began its operations within the 12 months 2015. It’s headquartered in Mumbai, Maharashtra.

IDFC First gives a wide selection of economic options to people, small companies, and corporates. It has a pan-India community of 260 branches and 140 ATMs. It has a big retail buyer base of greater than 70 lakh clients together with 30 lakh rural clients.

The tagline of IDFC FIRST Financial institution is – “Banking Hatke”.

Click on right here to go to the IDFC FIRST Financial institution web site.

IndusInd Financial institution

The subsequent title is IndusInd Financial institution within the checklist of pvt financial institution in India. IndusInd Financial institution is a brand new technology personal financial institution with a widespread banking footprint. It was inaugurated within the 12 months 1994 by then Union Finance Minister Manmohan Singh. It’s headquartered in Pune, Maharashtra.

IndusInd gives a variety of services and products for people and corporates. It consists of microfinance, private loans, car loans, bank cards, and SME loans. It has a big community of over 5,000 distribution factors and practically 2,000 branches throughout the nation.

Over time, it has grown ceaselessly and dynamically to supply its buyer’s banking companies at par. IndusInd has over 2.5 crore clients. It’s a most well-liked banking accomplice for varied Authorities entities, PSUs, and huge corporates.

The tagline of IndusInd Financial institution is – “We Care Dil Se, We Make You Really feel Richer”.

Click on right here to open a financial savings account with IndusInd Financial institution.

J&Ok Financial institution

J&Ok Financial institution features as a common financial institution within the UT of Jammu & Kashmir and Ladakh. It additionally features as a specialised financial institution in the remainder of the nation. It’s integrated within the 12 months 1938 and headquartered in Srinagar, Jammu and Kashmir.

J&Ok Financial institution follows a two-legged enterprise mannequin whereby it seeks to extend lending in its dwelling territory and seeks to seize area of interest lending alternatives on a pan-India foundation. It has a community of 1,038 branches and 1340 ATMs unfold throughout the nation.

J&Ok Financial institution operates on the precept of “socially empowering banking”. It seeks to ship modern monetary options for family, small and medium enterprises.

The tagline of J&Ok Financial institution is – “Serving To Empower”.

Click on right here to go to the J&Ok Financial institution web site.

Karnataka Financial institution

The subsequent is Karnataka Financial institution within the checklist of personal banks in India. Karnataka Financial institution is a number one “A” class scheduled business financial institution in India. It was integrated on February 18, 1924, at Mangaluru, a coastal city in Karnataka state.

It has a nationwide presence with a community of 857 branches unfold throughout 22 states and a couple of Union Territories. At current, it has over 8,220 workers, and over 10.21 million clients.

Karnataka Financial institution has deployed probably the most fashionable data expertise to ship services and products for the shopper’s profit. That’s the reason it emerged as a number one monetary service establishment in India.

“Your Household Financial institution Throughout India” is the tagline of Karnataka Financial institution.

Click on right here to go to the Karnataka Financial institution web site.

Karur Vysya Financial institution

The subsequent is Karur Vysya Financial institution within the checklist of personal banks in India. Karur Vysya Financial institution is the financial institution that carries with it a practice of 103 years. It was began within the 12 months 1916. It’s headquartered in Karur, Tamil Nadu.

Karur Vysya is a number one monetary establishment within the nation. It gives a wide selection of economic companies, below one roof, to tens of millions of its clients. It had a community of 779 branches and an ATM community of 1658.

Karur Vysya is likely one of the earliest banks in India to realize full networking of its branches below Core Banking Options.

“Sensible Solution to Financial institution” is the tagline of Karur Vysya Financial institution.

Click on right here to go to the Karur Vysya Financial institution web site.

Kotak Mahindra Financial institution

The subsequent title is Kotak Mahindra Financial institution within the checklist of pvt financial institution in India. Kotak Financial institution is likely one of the fastest-growing banks within the nation. It’s the flagship firm of the Kotak Group. The financial institution began its operations in 2003. It’s headquartered in Mumbai, Maharashtra.

Kotak Mahindra gives banking merchandise and monetary companies for retail and company clients. It has a big community of 1,500+ branches, 2,350+ ATMs protecting 744 places.

The tagline of Kotak Mahindra Financial institution is – “Let’s Make Cash Easy, Ab Kona Kona Kotak”.

Click on right here to open a saving account with Kotak Mahindra Financial institution.

Nainital Financial institution

Nainital Financial institution is a scheduled business financial institution. It’s a subsidiary of the Financial institution of Baroda. It was established within the 12 months 1922 to cater to the banking wants of the individuals of the area. The financial institution is headquartered in Nainital, Uttarakhand.

Nainital Financial institution gives customized companies to its clients. At Current, it has a community of 150 branches. These branches working in Uttarakhand, Delhi, Uttar Pradesh, Haryana, and Rajasthan.

The tagline of Nainital Financial institution is – “Banking With Private Contact”.

Click on right here to go to the Nainital Financial institution web site.

RBL Financial institution

RBL Financial institution was previously often known as Ratnakar Financial institution. It is likely one of the fastest-growing personal sector banks in India. It was based within the 12 months 1943. At present, it companies over 8.76 million clients. RBL is headquartered in Mumbai, Maharashtra.

RBL gives companies below six verticals:

  • Business Banking
  • Department & Enterprise Banking
  • Company & Institutional Banking
  • Retail Belongings
  • Growth of Banking and Monetary Inclusion
  • Treasury and Monetary Markets Operations.

It has a community of 398 branches, and 402 ATMs unfold throughout the nation.

The tagline of RBK Financial institution is – “Apno ka Financial institution”.

Click on right here to go to the RBL Financial institution web site.

South Indian Financial institution

The subsequent is South Indian Financial institution within the checklist of personal banks in India. Based within the 12 months 1929. It has its headquarter at Thrissur in Kerala.

South Indian Financial institution is the primary Kerala primarily based financial institution to implement Core Banking System (CBS). It has a community of 876 branches, 53 extension counters, and 1,334 ATMs unfold throughout the nation.

“Expertise Subsequent Era Banking” is the tagline of South Indian Financial institution.

Click on right here to go to the South Indian Financial institution web site.

Tamilnad Mercantile Financial institution

Tamilnad Mercantile Financial institution, a personal sector financial institution headquartered at Thoothukudi, Tamil Nadu. Because the Nadar Financial institution, it based in 1921. Its title modified to Tamilnad Mercantile Financial institution in November 1962.

At current, it has 509 full-fledged branches throughout India, 12 Regional workplaces, 11 Extension Counters, and 11151 ATMs. All of the branches computerized and interconnected.

Tamilnad Mercantile Financial institution had a imaginative and prescient of extending banking service to the frequent individuals of India. Thereby 457 branches out of 509 branches are situated at rural, semi-urban, and concrete (non-metro) facilities.

“Be a step forward in life” is the tagline of Tamilnad Mercantile Financial institution.

Click on right here to go to the Tamilnad Mercantile Financial institution web site.

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YES Financial institution

YES Financial institution is likely one of the high and fastest-growing personal sector banks India. It’s customer-centric, and service-driven financial institution. It was based within the 12 months 2004. The financial institution’s headquarter is in Mumbai, Maharashtra.

It gives a variety of merchandise, companies, and technology-driven digital choices, catering to company, MSME, and retail clients. It has an intensive community of 1,000+ branches pan India.

YES Financial institution has a pan-India presence. It additionally has an IBU at GIFT Metropolis and a Consultant Workplace in Abu Dhabi.

The tagline of YES Financial institution is – “Expertise Our Experience”.

Click on right here to go to the YES Financial institution web site.

Remaining Ideas

I hope this submit lets you know the checklist of personal banks in India. At current, there’s a complete of 21 personal sector banks in India. HDFC Financial institution is the biggest personal sector financial institution in India by property.

Word: This submit was initially printed on December 10, 2020 and has been fully up to date for accuracy and comprehensiveness.

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