Private Sector Banks are an important part of the Indian Banking Industry as they offer unparalleled and prompt services to customers. Private sector banks in India are known for offering products and services packed with modern technology and features.
There are more than 20 private sector banks operating in India and offering quality banking services to customers. To know the list of top 10 private sector banks in India 2020, checkout the list given below:
10. J&K Bank
On 10th place is J&K Bank, a private bank that was started in the year 1938. It operates more than 800 branches and over 1,000 ATMs in the country.
9. Karur Vysya Bank
Started in the year 1916, Karur Vysya Bank operates more than 620 branches and over 1,600 ATMs in the country. Headquartered in Karur, Tamil Nadu, Karur Vysya Bank offer services like personal banking, corporate banking, deposits, loans, etc.
8. City Union Bank
City Union Bank is next on this list, which commenced its operations in the year 1904. Presently, City Union Bank operates more than 490 branches and over 1,290 ATMs in the country.
7. Federal Bank
Incorporated in the year 1945, Federal Bank is known for providing unmatched services to customers and occupied seventh spot in the list of top 10 private sector banks in India 2016. With more than 1,200 branches and over 1,500 ATMs, Federal Bank has a strong presence in the country.
6. Yes Bank
Yes Bank is a swiftly growing private bank that operates more than 600 branches and over 1,100 ATMs in the country. Saving Accounts, Deposits, Mobile Banking and Online Banking are some of the products and services offered by the bank.
5. IndusInd Bank
Incorporated in 1994, IndusInd Bank is number five in the list of top 10 private sector banks in India 2016. It is known for offering quality banking services to customers and operates more than 740 branches and over 1,600 ATMs in the country.
4. Kotak Mahindra Bank
Kotak Mahindra Bank is a swiftly growing private bank, which operates more than 640 branches and over 1,100 ATMs in the country. Headquartered in Mumbai, Kotak Mahindra Bank acquired ING Vysya Bank in the year 2014, which increased number of branches and employees.
3. Axis Bank
Axis Bank is one of the fastest growing private banks in India, which started operations in 1994. Headqquartered in Mumbai, Axis Bank has a strong presence in the country with more than 2,500 branches and over 12,300 ATMs.
Winner of Best Domestic Bank in India award, Axis Bank delivers excellent products and services to customers, which made it a top private bank in the country. Accounts, Deposits, Loans, Internet Banking, Mobile Banking and Credit Cards are some of the products and services offered by the bank.
2. ICICI Bank
ICICI Bank is another strong player in this segment and number two in the list of top 10 private sector banks in India 2016. Incorporated in the year 1994, ICICI Bank presently operates more than 4,100 branches and over 13,500 ATMs across the country.
Internet Banking, Mobile Banking, Saving Accounts, Deposits and Loans are some of the products and services of ICICI Bank. Apart from India, ICICI Bank has presence in more than 15 countries in the world.
1. HDFC Bank
HDFC Bank is undoubtedly the leading private sector bank in India, which started providing banking services in the year 1994. The leadership of HDFC Bank is depicted from the fact that it has more than 4,200 branches and over 11,800 ATMs in the country.
Headquartered in Mumbai, HDFC Bank has a dedicated team of more than 76,000 employees and presence in over 2,500 towns and cities in the country. Winner of multiple awards, HDFC Bank offer excellent banking products and services and some of its services include accounts and deposits, loans, net banking, credit cards and debit cards.