List of the Private Banks in India – Top Banks

Private Banks in India

Private Banks in India

Indian Private Banks are the banks which have significant parts of equity or shares and government doesn’t hold any stake. Instead, there are private holders of share in the Private Banks in India. RBI is the responsible for approving the private, public or any other banking services in India.

History of the emergence of Private Banks in India

In1969, all major banks in India were nationalized and the Public Sector Banks have dominated the banking sector in India since then. After the economic liberalization of the 1990s, several private banks have introduced. In the last two decades, they have progressed rapidly due to their latest technology and monetary techniques and tools.Indian private banks

Among all these Private Banks in India, the first one was the Nedungadi Bank which founded in Kerala by Rao Bahadur T.M. Appu Nedungadi in the year 1899. Here you can find the Types of Banks in India list, get the all related banks information from here.

What are the two types of Private Sector Banks in India?

Financial regulators have divided the Private Sector Banks into two groups- the old and the new. The old Private Banks are those that existed before the 1969 nationalization and remained independent.

The new private banks in India are the ones that have given banking license after liberalization of the banking policy in India.

In the year 1990, all these banks have re-emerged after the liberalization.

List of Private Sector Banks in India (Private Banks):

Sl. No.List of Private Banks in India
1Axis Bank
2Bandhan Bank
3Catholic Syrian Bank
4City Union Bank
5DCB Bank
6Dhanlaxmi Bank
7Federal Bank
8HDFC Bank
10IndusInd Bank
11IDFC Bank
12Karnataka Bank
13Karur Vysya Bank
14Kotak Mahindra Bank
15Lakshmi Vilas Bank
16Nainital Bank
17RBL Bank
18South Indian Bank
19Tamilnad Mercantile Bank Limited
20Yes Bank

These Private banks in India, also provides security in Finances.

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