Private Banks are non incorporated banks. Private Banks are owned by either an individual or a general partner. The Indian private banks may be listed publicly. Those can be traded on stock exchanges as well. Private sector banks in India hold 18.2% of the total assets of Indian banking industry.
Private Banks in India started way back and has a history due to the fact that in the past years they were originally working in private during those days they were supposed to handle the more able and Indians with their banking services and other banking needs that they would require all this activities happened around 1921. During that time their was the Bank of Bengal, Banks of Bombay, and Bank of Madras all this formed the Imperial Bank of India.
Presently, Private Banks in India includes leading banks like ICICI Banks, ING Vysya Bank, Jammu & Kashmir Bank, Karnataka Bank, Kotak Mahindra Bank, SBI Commercial and International Bank, etc. Certainly, being tech-savvy and full of expertise, private banks have played a major role in the development of Indian banking industry. They have made banking more competent and customer friendly. In the procedure they have jolted public sector banks out of satisfaction and forced them to become more competitive.
List of Private Banks in India:
Here is a list of private banks in India:
- Bank of Rajasthan
- Bharat Overseas Bank (currently a part of Indian Overseas Bank)
- Catholic Syrian Bank
- City Union Bank
- Dhanalakshmi Bank
- Federal Bank
- ING Vysya Bank
- Jammu and Kashmir Bank
- Karnataka Bank
- Karur Vysya Bank
- Lakshmi Vilas Bank
- Lord Krishna Bank (currently a part of HDFC Bank)
- Nainital Bank (associate of Bank of Baroda)
- Ratnakar Bank
- Sangli Bank (currently a part of ICICI Bank)
- SBI Commercial and International Bank
- South Indian Bank
- Tamilnad Mercantile Bank
- Axis Bank
- Centurion Bank of Punjab (currently a part of HDFC Bank)
- Development Credit Bank
- HDFC Bank
- ICICI Bank
- IndusInd Bank
- Kotak Mahindra Bank
- Yes Bank
|
