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Private banks in India | the whole details of the various loans, markets, possibilities, pros and cons


Private Sector Banks in India:






The private sector banks in India are the banks where the majority of the shares or equity is not held by the government, but by private share-holders. These banks are a part of the Indian banking system which comprises of both private banks and public sector banks. The banking sector in India is dominated by the public sector banks. However after liberalization in the government banking policy in the 1990s, the private sector banks have emerged and have grown rapidly over the two decades since liberalization, using the latest technology, providing contemporary innovations and monetary tools and techniques.
Major difference between Public Sector banks & Private Sector banks is that Public Sector banks dominate the Indian banking system, with total market share of nearly 72.9%, whereas Private sector banks, with nearly 19.7%.
The private sector banks are split into two groups by financial regulators in India, old and new. The old private sector banks existed prior to nationalization in 1969 and maintained their independence as they were too small to be nationalized. The new private sector banks are those that have gained their banking license after liberalization of the 1990s.







Private Sector Banks in India : Banking System

The existing Indian Banking System structure makes progress over several decades, is elaborated and has been providing the credit and banking services needs of Indian economy. Indian Banking System is divided into multiple layers which follows the requirements of different customers and borrowers of the country. The banking structure played a crucial role in the mobilization of savings and promoting economic development. In the post-financial sector reforms (1991) phase, the performance and strength of the Indian Banking structure improved noticeably. India cannot possess a healthy economy without a strong and productive banking system. The banking system should be hassle free and must be able to meet the new challenges posed by technology and other factors.
The RBI is the apex bank and the monetary authority of India which regulates the banking system of the country. It governs all the banks in the country like commercial banks, cooperative banks and development banks (development finance institutions).
The commercial bank includes public sector banks, private sector banks, foreign banks, regional rural banks and local area banks.
The commercial banks can be classified into two categories – public sector banks and private sector banks. Both categories of banks are meant to provide good banking facilities and services to customers.






Presently there are about 22 private sector banks in India. Listed below are the names of the private sector banks that are currently operating in the country:




List of Old Private banks in India:


1) Catholic Syrian Bank:




The Catholic Syrian Bank Limited (CSB) is an oldest  Indian private sector bank with its headquarters at ThrissurKerala, India, founded on 26 Nov, 1920, bearing a network of over 430 branches and more than 240 ATMs across India. Holding net income  ₹1.55 cr  (US$220,000) and  total assets ₹16,223.24 cr (US$2.3 billion) as on 2017..dealing with Consumer bankingCorporate bankingMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.




2) City Union Bank:



City Union Bank  is an oldest  Indian  private sector bank, previously called  The Kumbakonam Bank Limited, founded  in 1904 at KumbakonamThanjavurTamil Nadu, India,  bearing a network of over 550 branches and more than 1486 ATMs across India. Holding net income  ₹503 crore (US$70 million)  and  total assets  ₹35,271 crore(US$4.9 billion)  as on 2018..dealing with  Asset managementConsumer bankingCorporate bankingFinance and InsuranceForexInvestment bankingMortgage loans, Payment solutions, Private banking…..Visit site.




3) Dhanlaxmi Bank:





Dhanlaxmi Bank is an oldest  Indian private sector bank with its headquarters at ThrissurKerala, India, founded in 1927, bearing a network of over 280 branches and more than 398 ATMs across India. Holding net income ₹(24.87) crore(US$3.5 million) and  total assets ₹12,286 crore(US$1.7 billion)  as on 2018..dealing with Credit cardsConsumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth managementInvestment banking
…..Visit site.




4) Federal Bank:





Federal Bank  is an oldest  Indian private sector bank with its headquarters at Kochi, Kerala, India, founded on 02 Dec, 1949, bearing a network of over 1251 branches and more than 1665 ATMs and 258 cash recyclers across India. Holding net income ₹878.85 crore(US$120 million)  and  total assets ₹138,313.95 crore(US$19 billion) as on 2018..dealing with Credit cardsConsumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.




5) Jammu and Kashmir Bank:





Jammu and Kashmir Bank is an oldest  Indian private sector bank with its headquarters at SrinagarJammu and Kashmir, India, founded on 01 Oct, 1938, bearing a network of over 935 branches and more than 1287 ATMs and 25 cash deposition machines across India. Holding net income ₹-1,632.29 crore (US$−230 million) and  total assets ₹82,018.67 crore(US$11 billion) as on 2017..dealing with Consumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.




6) Karnataka Bank:





Karnataka Bank  is an oldest  Indian private sector bank with its headquarters MangaluruKarnataka, India, founded in 1924, bearing a network of over 839 branches and more than 1374 ATMs and 300 e-lobbies/mini e-lobbies across India. Holding net income  ₹325.61 crore (US$45 million) and  total assets ₹64,126.54 crore (US$8.9 billion) as on 2018..dealing with Retail BankingCorporate BankingFinance and InsuranceCredit CardMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.





7) Karur Vysya Bank:





Karur Vysya Bank is an oldest  Indian private sector bank with its headquarters at
Karur
Tamil Nadu , India, founded in 1916, bearing a network of over 788 branches and more than 1803+ ATMs and around 538 cash deposit machines across India. Holding net income ₹567.63 crore(US$79 million)  and  total assets ₹57,663.72 crore(US$8.0 billion) as on 2018..dealing with Consumer bankingCorporate bankingFinance and InsuranceInvestment bankingMortgage loansPrivate bankingWealth …..Visit site.




8) Lakshmi Vilas Bank:





Lakshmi Vilas Bank is an oldest  Indian private sector bank with its headquarters at ChennaiTamil Nadu India, founded on 10Nov, 1926, bearing a network of over 569 branches and more than 1046 ATMs and 7 extension counter across India. Holding net income ₹265 crore (US$37 million)  and total assets ₹54,511.81 crore(US$7.6 billion) as on 2017..dealing with Consumer bankingcorporate bankingfinance and insuranceinvestment bankingmortgage loansprivate bankingwealth management..
On 5 April 2019, the board of Lakshmi Vilas Bank approved a merger of the bank with the country's second largest housing finance company, Indiabulls Housing Finance Ltd
.....Visit site.





9) Nainital Bank:






The Nainital Bank Limited or Nainital Bank is an oldest  Indian private sector bank with its headquarters at NainitalUttarakhand, India, founded in 1922, bearing a network of over 139 branches across India. Holding net income ₹48.46 crore(US$6.7 million) and  total assets ₹769.96 crore(US$110 million) as on 2017..dealing with Finance and insurance, Consumer banking, Corporate banking, Investment banking, Investment management, Private banking
…..Visit site.




10) RBL Bank (Ratnakar Bank):





RBL Bank/Ratnakar Bank is an oldest  Indian private sector bank with its headquarters at MumbaiMaharashtra, India, founded in august, 1943, bearing a network of over 342 branches and 488 ATMs across India. Holding net income ₹446.05 crore (US$62 million)  and  total assets ₹48,674.77 crore(US$6.8 billion) as on 2017..dealing with Consumer bankingCorporate bankingFinance and Insurance…..Visit site.




11) South Indian Bank:





South Indian Bank is an oldest  Indian private sector bank with its headquarters at
Thrissur
Kerala, India, founded in January 29, 1929, bearing a network of over 857 branches, 1334 ATMs, 42 bulk cash deposition machines, 4 service branches and 54 extension counters across India. Holding net income ₹392.50 crore(US$55 million)  and total assets ₹74,312.15 crore(US$10 billion) as on 2017..dealing with Credit cardsConsumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.





12) Tamilnad Mercantile Bank:







Tamilnad Mercantile Bank is an oldest  Indian private sector bank with its headquarters at Thoothukudi, Tamil Nadu, India, founded in 11May, 1921, bearing a network of over 509 branches, 1094 ATMs, 12 Regional offices, 11 Extension Counters, 6 central processing centres, 1 Service Branch, 4 Currency Chests, 19 eLobby centres  across India. Holding net income ₹316.66 crore(US$44 million)  and total assets ₹55,984.37 crore(US$7.8 billion) as on 2017..dealing with Credit cardsConsumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth management…..Visit site.






List of New Private banks in India:


13) Axis Bank:






Axis Bank is the newest Indian private sector bank with its headquarters at Mumbai, Maharashtra, India, founded in 1993, bearing a network of over 4000 branches, 12705 ATMs, 3548 cash recyclers across India and 10 international branches. Holding market capitalization of ₹1.31 trillion (US$18 billion), net income ₹276 crore (US$38 million) and total assets ₹665,084 crore (US$93 billion) as on 2018..dealing with Retail bankingcorporate bankinginvestment bankingmortgage loansprivate bankingwealth managementcredit cardsfinance and insurance…..Visit site.




14) Bandhan Bank of Bandhan Financial Services:






Bandhan Bank is the newest Indian private sector micro-finance bank with its headquarters at Kolkata, West Bengal,India, founded on 23 august, 2015, bearing a network of over 986 branches, 481 ATMs, 3,014 DSCs (Doorstep Services) and 15,185 Mini-ATMs (Hand-Held Devices) across India. Holding market capitalization of ₹ 569520 Cr, net income ₹1,111.95 crore(US$150 million)  and total assets  ₹30,236.09 crore(US$4.2 billion) as on 2017..dealing with Savings Account,Current Account,Loans,Retail Loans,MSME Loans (Samriddhi Business Loan,Commercial Vehicle Loan), Term Loan,Equipment Loan,Working Capital Loan,Small Enterprise Loan (SEL),Microloans,Agri Loans,Deposits and NRI Banking……..Visit site.




15) Digibank (DBS):






DigiBank by DBS is the multinational banking and financial services corporation with its global headquarters in Marina Bay Financial Centre Tower 3 Marina Bay, Singapore and also headquarters in Mumbai represents for India, bearing a network of 12 branches, across India. Holding worldwide total assets US$333.48 billion  as on 2016….dealing with Retail bankingcorporate bankinginvestment bankingmortgage loansprivate bankingwealth managementcredit cardsfinance and insuranceThe Bank was also awarded the Best Digital Bank in the World in the year 2016 by Euromoney With operations in 17 markets through-out East and south east Asia.......Visit site.




16) DCB Bank:






DCB Bank is the Indian private sector scheduled commercial bank with its headquarters at Mumbai, Maharashtra, India, founded in 1930, bearing a network of over 331 branches, 505 ATMs across India. Holding total assets ₹24,046.37 crore(US$3.3 billion) as on 2017..dealing with Consumer bankingCorporate bankingFinance and Insurance distributionMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.




17) HDFC Bank:







HDFC Bank Ltd (Housing Development Finance Corporation) is the newest Indian private sector bank with its headquarters at Mumbai, Maharashtra, India, founded in august, 1994, bearing a network of over 4963 branches and 13160 ATMs across 2727 Indian cities and also international branches in BahrainHong Kong and DubaiHolding net income ₹17,486 crore(US$2.4 billion) and total assets ₹1,018,170 crore(US$140 billion) as on 2018..dealing with Credit cardsconsumer bankingbankingfinance and insuranceinvestment bankingmortgage loansprivate bankingprivate equity, wealth management…..Visit site.




18) ICICI Bank:






ICICI Bank Ltd( Industrial Credit and Investment Corporation of India) is the newest Indian private sector bank with its headquarters at Mumbai, Maharashtra, India, founded on 05th Jan, 1994, bearing a network of over 4867 branches and 14367 ATMs across Indian cities and also international branches in 16 countriesHolding net income
₹6,777.42 crore(US$940 million)
and total assets ₹879,189.16 crore(US$120 billion) as on 2018..dealing with Retail bankingcorporate bankinginvestment bankingmortgage loansprivate bankingwealth managementcredit cardsfinance and insurance

…..Visit site.




19) IDFC :






IDFC First Bank (formerly IDFC Bank) is the newest Indian private sector bank with its headquarters at Mumbai, Maharashtra, India, founded in Oct, 2015, bearing a network of over  150 branches, 400 business correspondent branches and several Micro ATMs and Aadhar Pay system across Indian cities & villages…Holding net income ₹1,020 crore(US$140 million)  and total assets ₹112,160 crore(US$16 billion) as on 2017..dealing with Consumer bankingCorporate bankingWholesale bankingMortgage loansPrivate bankingWealth managementInvestment banking…..Visit site.




20) IndusInd Bank:






IndusInd Bank Ltd is the newest Indian private sector bank with its headquarters at Mumbai, Maharashtra, India, founded in 1994, bearing a network of over 1558 branches and 2453 ATMs across Indian cities and also overseas branches in  London, Dubai and Abu Dhabi…Holding net income ₹2,867.89 crore(US$400 million) and total assets ₹178,648.41 crore(US$25 billion) as on 2017..dealing with Credit cardsConsumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth managementInvestment banking
…..Visit site.





21) Kotak Mahindra Bank:






Kotak Mahindra Bank is the newest Indian private sector bank with its headquarters at Mumbai, Maharashtra, India, founded in Feb,2003, bearing a network of over  1369 branches and  2163 ATMs across Indian cities and third largest private bank in India by market capitalization after HDFC Bank and icici bank…Holding net income ₹3,411.50 crore(US$470 million) and total assets ₹214,589.95 crore(US$30 billion) as on 2017..dealing with Credit cardsconsumer bankingcorporate bankingfinance and insurancemortgage loansprivate bankingwealth managementinvestment banking…..Visit site.




22) YES Bank:






Yes Bank is the newest Indian private sector bank & 4th largest bank by market capitalization with its headquarters at Mumbai, Maharashtra, India, founded in 2004, bearing a network of over  1150 branches and  1800 ATMs across Indian cities…Holding net income ₹4,224 crore(US$590 million) and total assets ₹301,390 crore(US$42 billion) as on 2018..dealing with Credit cardsConsumer bankingCorporate bankingFinance and InsuranceMortgage loansPrivate bankingWealth managementInvestment banking..…..Visit site.





Defunct Private Banks :


Few old private sector banks in India have merged already with other banks that is—Lord Krishna Bank merged with Centurion Bank of Punjab in 2007; Sangli Bank merged with ICICI Bank in 2006; Centurion Bank of Punjab merged with HDFC bank in 2008.More recently, in 2016, the ING Vysya Bank merged with Kotak Mahindra Bank, creating the fourth largest private sector bank in India.


Private banks in India | the whole details of the various loans, markets, possibilities, pros and cons Private banks in India | the whole details of the various loans, markets, possibilities, pros and cons Reviewed by San Jarvis India on April 09, 2019 Rating: 5
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