Quick Answer: What is best bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which is the No 1 bank in India?

1. HDFC Bank

Type Private Company
Products Banking
Asset ₹1,189,432 crore (US$170 billion) (2019)
Number of Branches 5,314 (30th September 2019)
Number of ATMs 13,514 (Across India)

Which is the safest bank in India 2020?

List of Best, Safe Banks in India

  • 1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. …
  • 2) State Bank of India. …
  • 3) ICICI Bank. …
  • 4) AXIS Bank. …
  • 7) Kotak Mahindra Bank, IndusInd Bank.

Which is the best bank in India 2019?

No 1: The Mumbai headquartered HDFC Bank came at the top of the list. No 3: At the third position was DBS, that has its headquarters in Singapore. No 4: Kotak Mahindra Bank came fourth in the list. No 7: At the seventh spot was Punjab National Bank that has its headquarters in New Delhi.

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Which govt bank is best?

Best Public Sector (PSU) Banks in India 2021

List of PSU Banks Number of Branches
State Bank of India (SBI) 24000
Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India) 11437
Bank of Baroda (With Merger of Dena Bank & Vijaya Bank) 8581
Canara Bank (With Merger of Syndicate Bank) 10391

Which private bank is best?

As of March 2021, HDFC Bank was the leading Indian private bank with total assets over 15 trillion Indian rupees. Within the banking sector, HDFC bank comes second after the public State Bank of India which is worth nearly 40 trillion Indian rupees in terms of assets during the same time period.

Which bank is safe for FD?

Top 15 Banks and Their Interest Rates

Bank List For Regular Customers (% p.a.) For Senior Citizens (% p.a.)
ICICI Bank 2.50% – 5.35% 3.00% – 5.85%
State Bank of India 2.90% – 5.40% 3.40% – 6.20%
Axis Bank 2.50% – 5.75% 2.50% – 6.50%
Punjab National Bank 3.00% – 5.30% 3.50% – 5.80%

Which is India’s first original bank?

The oldest commercial bank in India, SBI originated in 1806 as the Bank of Calcutta. Three years later the bank was issued a royal charter and renamed the Bank of Bengal.

Which bank is most secure?

World’s safest banks

Rank Bank Country
1 KfW Germany
2 Zuercher Kantonalbank Switzerland
3 Landwirtschaftliche Rentenbank Germany
4 L-Bank Germany

Which bank is better SBI or PNB?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of PNB Comparison is 8.95%, which is lower than the lowest interest rate of SBI at 9.60%. … PNB with an average customer ratings of 3.6 is equally comparable to SBI with an average customer rating of 3.6.

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Is Axis Bank a government bank?

Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments. Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business.

Which is the government bank?

The Current List of 12 Public Sector Banks in India 2021(Government Banks)

Bank Name Revenues Established
State Bank of India ₹2,110 billion 1955
Punjab National Bank ₹774.22 billion 1894
Bank of Baroda ₹422 billion 1908
Bank of India ₹418 billion 1906

Which bank has highest NPA 2020?

Among PSBs, State Bank of India (SBI) which accounts for the highest share at around 20% of the gross NPAs of state-owned banks in Q3 FY21, reported the highest asset quality improvement, with a decline in bad loan to 4.8%, followed by Punjab National Bank (PNB) accounting for around 16% share which also posted lower …