Best banks in India – When it comes to banking in India, there are many options. But which banks are the best? Let me explain the top 10 banks in India and the features that make them stand out. From the number of branches and ATMs they have to their customer service ratings, find out why these 17 banks should be your go-to for all your banking needs.
Introduction
When it comes to banks, there are a lot of options available in India. But, finding the best bank can be a difficult task. There are many factors to consider while choosing a bank, such as interest rates, fees, customer service, etc.
To help you, we have compiled a list of the best banks in India. This list is based on various factors such as interest rates, fees, customer service, etc.
List of Top 10 Banks in India
1. SBI
2. HDFC Bank
3. ICICI Bank
4. Axis Bank
5. Kotak Mahindra Bank
6. IndusInd Bank
7. Yes Bank
8. Federal Bank
9. Bandhan Bank
10. IndusInd Bank
State Bank of India (SBI)
State Bank of India (SBI) is the largest bank in India, with over 24,000 branches and 59,000 ATMs across the country. It offers a wide range of banking products and services, including savings and current accounts, fixed deposit accounts, credit cards, personal loans, home loans, car loans, and investment products. It also provides online banking and mobile banking services.
SBI was founded in 1806 as the Bank of Calcutta. It was later renamed the Bank of Bengal in 1809. In 1921, it merged with two other banks – the Bank of Madras and Bombay – to form the Imperial Bank of India. After India’s independence in 1947, the Reserve Bank of India took over the Imperial Bank of India and renamed it the State Bank of India. SBI is now a public sector bank owned by the Government of India.
HDFC Bank
HDFC Bank is one of the largest banks in India, with over 4,000 branches and 12,000 ATMs across the country. The bank offers a wide range of products and services to its customer base of over 21 million, including personal banking, corporate banking, investments, loans, and credit cards. HDFC Bank has been consistently ranked as one of the best banks in India by various surveys and publications.
ICICI Bank
ICICI Bank is one of India’s oldest and largest private sector banks. It has a strong domestic presence with over 4,000 branches and 14,000 ATMs nationwide. The bank also has a significant international company with over 200 branches in 19 countries. ICICI Bank offers a wide range of banking products and services to both retail and corporate customers.
Some key products and services ICICI Bank offers include savings accounts, credit cards, loans, investment products, demat accounts, etc. The bank also provides various digital banking products and services, such as mobile banking, internet banking, and UPI. ICICI Bank has been consistently ranked amongst the top 5 banks in India by various surveys and ratings agencies.
Axis Bank
Headquartered in Mumbai, Axis Bank is India’s third largest private sector bank. The bank has over 4,000 branches and 12,000 ATMs nationwide and offers its customers a wide range of banking products and services. Some essential products and services Axis Bank offers include savings accounts, personal loans, credit cards, home loans, auto loans, business loans, investment products, etc.
Axis Bank also provides online banking facilities to its customers, which offer a convenient and safe way to manage their finances. Customers can use online banking to view their account balances and transactions, transfer funds between accounts, pay bills online, etc. The bank also has a mobile app that allows customers to conduct transactions.
Overall, Axis Bank is a full-service bank that offers its customers a wide range of products and services. The bank has an extensive network of branches and ATMs nationwide and provides convenient online and mobile banking facilities.
Kotak Mahindra Bank
Kotak Mahindra Bank is one of the best banks in India. They offer a wide range of banking products and services to their customers. Their customer service is excellent, and they have a very user-friendly online banking system. Kotak Mahindra Bank is a perfect choice for a reliable and efficient bank in India.
They have a wide range of accounts available to suit your needs and a variety of loan options.
They offer competitive interest rates and are renowned for their customer service. Kotak Mahindra Bank also has plenty of branches nationwide, making it easy to access their services wherever you are.
Canara Bank
Canara Bank is one of India’s oldest and largest public sector banks. It was founded in 1906 by Ammembal Subba Rao Pai and is headquartered in Bangalore. As of March 2019, the bank had a network of 6,452 branches and 9,155 ATMs nationwide.
The bank has been consistently ranked amongst India’s top-performing public sector banks. In FY2018-19, Canara Bank reported a net profit of Rs 1,764 crore.
Punjab National Bank (PNB)
Punjab National Bank (PNB) is one of India’s oldest and largest banks. It was founded in 1894 and had over 5,000 branches across the country. The bank offers various products and services, including savings and checking accounts, loans, credit cards, and investment products. PNB has a robust international presence, with branches in major cities worldwide.
Union Bank of India (UBI)
Union Bank of India is one of India’s largest public sector banks. It has more than 4,500 branches and over 80,000 employees. The bank offers its customers a wide range of banking products and services. These include savings and current accounts, credit cards, loans, home loans, car loans, investment products, and insurance products. The bank also offers online banking services to its customers.
Indian Overseas Bank (IOB)
If you are looking for a bank with a long and rich history, then Indian Overseas Bank (IOB) is a great option. IOB was founded in 1937 to promote foreign trade and investment in India. The bank has over 2,000 branches in India and over 30 overseas branches.
IOB offers various products and services, including savings and deposit accounts, loans, credit cards, and foreign exchange. IOB has been consistently ranked as one of the top banks in India by various independent surveys.
IndusInd Bank
IndusInd Bank is one of the best banks in India, with a wide range of products and services to offer its customers. The bank has a strong presence in the country’s urban and rural areas and provides its customers with a wide range of banking products and services.
IndusInd Bank has a network of over 4,000 branches across India and provides its customers with a wide range of banking products and services. The bank offers a variety of deposit products, such as savings accounts, fixed deposits, current accounts, etc., to its customers.
The bank also provides loans to its customers for different purposes, such as personal loans, home loans, auto loans, etc. IndusInd Bank offers customers various credit cards with different features and benefits.
Summary – Best banks in India
We have attempted to list the Best banks in India, but there are many more banks. All the banks in India are governed by RBI (Reserve Bank of India) and have to follow strict guidelines, which are audited periodically.
