List of Best Private Banks in India 2022

What’s the Best Private Banks in India? It’s a question people ask all the time, and there are a lot of opinions out there. But we’re here to

tell you – based on our years of experience and expertise in the field – that it depends on what you’re looking for. Everyone has different needs, so what might be the best private bank for one person might not be the best for another.

That said, we’ll give you a rundown of our top 10 picks based on different criteria. So whether you’re looking for the best private bank in India with great customer service or one with the widest range of products and services, we’ve got you covered. Keep reading to find out more!

Banks in India are regulated by the Reserve Bank of India (RBI), the country’s central banking authority. There are several kinds of banks, including private and public sector ones and foreign banks.

However, there are very few private banks in India anyway. Some of them were established before nationalization took place in 1969-70 under Indira Gandhi’s government, and some them established after nationalization.

The best private banks in India are usually multi-national, having branches worldwide and selling a range of products to various markets. These banks can thus afford to offer their customers a wider choice and lower costs due to economies of scale.

Types of Banks in India

The Indian banking sector has been divided into four major groups, which are as follows:

1. Commercial Banks

Commercial banks are the most common type of bank in India. They offer a wide range of products and services to individuals, businesses, and other organizations. This includes loans, mortgages, savings accounts, and more.

Further, these commercial bank has been categorized into four categories :

  • Public Sector Commercial Banks (PSU Banks)
  • Private Sector Commercial Banks (Private Banks)
  • Foreign Commercial Banks
  • Regional Rural banks
  • Foreign banks

2. Small Finance Banks

3. Payments Banks

4. Co-operative Banks

Let’s understand the meaning of the above types of banks. 

What are private sector banks?

Private sector banks are those that are owned by the private sector. They may be owned by individuals, companies, or other organizations. The government does not own any shares in these banks. Private sector banks are usually for-profit organizations, and they usually offer a wider range of products and services than public sector banks.

Initially, the Indian bank industry was dominated by public sector banks; however, in the 1980s and 1990s, private banks began to find success. This has continued ever since.

What are Public sector banks?

Public sector banks are often referred to as India’s “government” banks. These are state-owned or state-controlled enterprises that offer financial services, including savings accounts, loans, mortgages, etc. Public sector banks also offer low-cost services to citizens and give out loans more easily than private banks.

What is a foreign bank?

Foreign banks are those that have been established outside the country of origin. They can be international or multi-national enterprises that offer their products and services worldwide. Foreign banks often provide foreign currency, such as Euros or U.S. dollars, for international transactions and trade.

What is a regional rural bank?

Regional rural banks were established by the RBI to promote the economic development of areas outside urban centers. These banks mainly target farmers and small businesses in these regions. At present, there are close to 200 regional rural banks in India.

What is a payments bank?

Payment banks specialize in offering payment services to individuals and small businesses. They do not manage investments nor offer loans or insurance. A recent development in the Indian banking industry, payment banks can be an excellent choice for those who wish to store their money safely without worrying about it being used for other purposes.

What is a co-operative bank?

Co-operative banks are those that offer various financial services to individuals and businesses on a regional or local level. These banks were established by members of the community, who used to work together to support one another. At present, there are about 31 primary co-operative banks in India and several district central co-operative banks and state co-operative banks.

Are there any other types of private banks in India?

In addition to the above, several specialized private sector banks have been established for various sectors such as specific geographic regions or communities. For example, the Bharatiya Mahila Bank (BMB)was established exclusively for women.

What is the difference between Private and Public Sector banks?

Public Sector Banks are owned by the government. These banks manage most of their business activities in India, and they work to promote the financial needs of Indian citizens.

On the other hand, private sector banks are usually foreign or international enterprises that offer their products and services worldwide. Further, Public Sector banks offer low-cost services to citizens and give out loans more easily than private banks.

List of Best Private Banks in India (2022)

Here is the list of Best Private Banks in India 2022 based on Market Capitalization.

S.No Bank Name Market Cap Rank
1 HDFC Bank 8,46,878.64 1
2 ICICI Bank 5,72,635.97 2
3 Kotak Mahindra 3,82,168.57 3
4 Axis Bank 2,27,223.52 4
5 IndusInd Bank 71,810.08 5
6 Bandhan Bank 47,443.85 6
7 AU Small Financ 41,053.59 7
8 IDFC First Bank 30,951.90 8
9 Federal Bank 21,147.07 9
10 RBL Bank 8,898.84 10
List of Largest Private Bank based on Market Cap As on14.01.2022
List of Best Private Banks in India 2022
List of Best Private Banks in India 2022

#1. HDFC Bank

HDFC Bank is India’s top private bank with a market capitalization of USD 116.83 billion. This makes HDFC Bank the world’s 10th most valuable bank. It is headquartered in Mumbai, Maharashtra.

HDFC Bank is India’s most profitable private bank and the only Indian institution to feature among the top 100 banks worldwide. Headquartered in Mumbai, it has a pan-India presence across 5653 branches and 16,291 ATMs as of June 30, 2021.

History of HDFC Bank.

HDFC Bank was launched on October 9, 1994, as Housing Development Finance Corporation Limited. It was formed with the objective of financing housing projects in India. Below is the core value of HDFC Banks.

  • Excellence
  • Customer Focus
  • Product 
  • Leadership
  • People
  • Sustainability

HDFC Banks believes in Customer Focus & satisfaction rather than simply making profits. This is clear from the way they have been able to provide uninterrupted service to their customers even in times of crisis, and that’s why it has been able to retain its customers and has also been able to gain new ones.

Products and services offered by HDFC Bank

The products and services of HDFC Bank include saving accounts, fixed deposits, personal loans, credit cards, debit cards, investment products such as mutual funds, and insurance policies.

HDFC Bank has also introduced innovative products such as home loans at extremely low-interest rates. The bank is known for its expertise in customer service and value-added services.

HDFC Bank is a pioneer in using I.T. for its banking operations. It has one of the most advanced technological infrastructures with its ATMs, net-banking services, mobile banking apps, and 24×7 call centers. With an extensive branch network and a large ATM network, it can provide round-the-clock service to its customers.

In the past few years, HDFC Bank has been focusing on international markets and increasing its market share abroad. It looks at innovative ways of expanding into new areas through technology and innovation.

Some of the best products offered by HDFC bank are:

  1. HDFC Infinia Credit Card: HDFC Bank’s credit cards are a one-stop solution for all your shopping needs. You can get a card with features such as emergency medical assistance, account balance insurance, and travel accident cover. Read the detailed review of HDFC Infinia Credit Card here.
  2. HDFC Premier Multi-Currency ForexPlus Credit Card: This is a premium credit card to help you manage the expenses associated with international travel. It helps you save on currency conversions and offers a unique basket of benefits such as free airport lounge access and a higher spending limit.
  3. HDFC Smart Buy Portal: This is the best platform for shopping and booking online. You can get huge discounts on hotels, flight tickets, and e-commerce purchases. You can also earn cashback of 10% on every online transaction.
  4. HDFC Personal Loan: This is a complete personal loan to meet all your needs, such as buying that dream house or putting the finishing touches on the home you already have. Features include hassle-free documentation and a one-time settlement of all your other loans. Also Read: How to get a personal loan in India -Best Instant personal Loan App.
  5. HDFC Bank Savings Accounts:  HDFC bank offers high-interest rates on its savings accounts, making it one of India’s best banks for savings accounts. You can avail yourself of bonuses when you maintain the required balances in these accounts.
  6. HDFC Bank Fixed Deposits: This is one of the best banks for F.D.s in India because it offers higher interest rates while still providing hassle-free liquidity. You can choose to invest anywhere between 1-10 lakhs in F.D.s with flexible tenure options.
  7. HDFC Life Savings Fund: HDFC bank has brought the best insurance and fund managers to provide you with a smart way of investing your money for your future satisfaction. You can get high returns on these funds without having to worry about market fluctuations or volatility, as they are managed by experts.

In addition to all this, you can also open a wealth management account with HDFC Bank for complete financial planning and expertise from highly qualified professionals who can help you realize your financial dreams.

Why HDFC Bank is number 1 for your banking needs?

HDFC Bank offers several benefits to customers, such as its widespread branch network and ATM services. You can also enjoy a host of value-added services from HDFC bank, making it the Best Private Banks in India.

#2. ICICI Bank

ICICI Bank is one of the best private banks in India. It provides a comprehensive range of banking and financial products for individuals, companies, and corporates.

By market capitalization, it is the second-largest private bank in India. As of now, its market value is 67 billion.

The bank has a huge presence outside India and controls more than 25% of the domestic consumer banking market share.

ICICI Bank offers customers a wide range of products, including savings accounts, loans, mortgages, insurance plans, investment plans, credit cards, debit cards, and online transactions.

Below are the core values of ICICI, which helps it to stay ahead of the rest of the private banks in India:

1. Delivering products and services that create value for customers.

2. Bringing together all our capabilities to seamlessly meet customer needs.

3. Conducting our business within well-defined risk tolerance levels.

History of ICICI Bank.

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI) in 1994. This bank has many subsidiaries and associates like:

1. ICICI Prudential Life Insurance Company Limited

2. ICICI Securities Services Limited

4. ICICI Lombard General Insurance Company Limited

Products and services offered by ICICI Bank.

They provide a wide range of products and services, which include: 

1. Savings accounts – The bank offers high-interest rates on savings accounts to customers. They also come with minimum balance requirements. ICICI Mine saving account is one of India’s best Zero balance savings accounts. You can read the detailed review of the best savings accounts in India.

2. Loans and mortgages – The bank offers a wide range of loan products, including personal loans, home loans, car loans, etc. ICICI Bank sourced around 90% of its instant personal loans portfolio from retail customers in F.Y. 2021.

3. Insurance plans – The bank provides insurance for cars, life, etc., through their insurance partners. They also provide child plans to help you save money for your child’s education.

4. Investment Plans – The bank also offers various investment plans such as Fixed Deposits (F.D.s), Liquid Funds, Income Funds, Balanced Funds, Equity funds, ELSS, etc.

5. Credit Cards – The bank offers credit cards to customers with rewards and benefits. Amazon Pay ICICI Bank Credit Card is one of the best credit cards in India. You can read the full review on Amazon Pay ICICI Bank Credit Card to know about the benefits and must-haves.

6. Debit Cards – The bank offers customers a wide range of debit cards with rewards and cashback offers.

7. Online transactions – Customers get access to online services such as transferring funds, viewing statements, checking accounts, and many more.

In addition to all this, the bank also offers branches across India in rural and urban areas.

Consequently, it is one of the best private banks in India.

Why ICICI Bank is number 1 for your banking needs?

ICICI Bank is one of the best private banks in India. They have a vast branch network, making it convenient to access banking services.

Their 24*7 customer service and easy accessibility make them a premier choice among many other Best Private Banks in India.

#3. Kotak Mahindra Bank:

Kotak Mahindra Bank is one of the best private banks in India. With its main branch located in Mumbai, it has diversified to many other cities throughout the country, including Kolkata, Guwahati, Bangalore, Pune, and more.

As of December 2021, Kotak Mahindra Bank has a market capitalization of $46.16 billion, the third-largest in India.

History of Kotak Mahindra Bank.

Kotak Mahindra bank has its origins dating back to 1985 when it was established by Mr. Uday Kotak. The name ‘Kotak’ came from the surname of Mr. Kotak. Earlier, this bank was known as Kotak Mahindra Finance Limited. The bank was incorporated in 2003 after RBI allowed it to carry out banking business.

In 2015, Kotak Bank acquired ING Vysya for $2. billion, which helped them gain a foothold in South India.

The bank has come a long way, from its small beginning in Mumbai. Currently, it is one of the best private banks in India, with branches all over the country. It provides numerous services to customers, including personal banking, business banking, car loans, mortgages, and many more.

Currently, the bank has over 20,000 employees and a 17+ million customer base.

In addition to all of this, the bank has a massive ATM network, comprising 1500 bank branches and 2352 ATMs covering over 744 locations.

Products and services offered by Kotak Mahindra Bank.

Today, India’s third-largest private sector bank with its headquarters in Mumbai. The bank has also diversified into many other areas of banking services, including insurance and wealth management.

The main products offered by Kotak Mahindra Bank are given below:

1. Fixed Deposits – Customers can get high-interest rates with a wide range of F.D.s available at the bank.

2. Loan products – To help customers meet their financial goals, the bank offers loans for many purposes such as home, car, and other necessities.

3. Credit cards – Customers can avail of rewards and benefits with best-in-class credit cards from Kotak Mahindra Bank. Kotak Dream Different Credit Card is one of the best credit cards in India. You can read the full review on Kotak dream different credit cards to know their benefits and must-haves.

4. Savings accounts – Customers can get customized plans for their savings to account at the bank, depending on their requirements and budgets. Their offer both Zero Balance account as well as Premium savings account.

5. Mutual Funds – Under wealth management, Kotak Mahindra Bank provides mutual funds to customers with high returns and benefits. They have a wide range of schemes available for investments.

6. Pension Plans – Customers can invest in top-rated pension plans at Kotak Mahindra Bank. You can also check our detailed article on the best pension plans in India to understand the concept of PPF, NPS, and other schemes before making any investments.

Here are some reasons why Kotak Bank is no 1 for your banking needs:

Kotak Mahindra Bank provides excellent service to its customers. Kotak has a Network of 2352 ATMs and more than 20,000 employees who aim to provide world-class customer service.

Kotak Mahindra bank gives 24*7 online banking services to its customers. You can perform all banking activities online through their website or via mobile application.

Their products such as home loans, car loans, personal loans are listed in the top best loans in India. This makes this banks third largest Best Private Banks in India.

#4. Axis Bank Ltd.

The company has its headquarters in Mumbai, India. It provides wholesale banking, business banking, and private banking services to corporate houses and retail customers through its branch network across 661 branches.

This bank is ranked fourth in terms of market capitalization and third in terms of branches.

Currently having 27.18 B market capitalization and 4528 branches as of April 2021, the bank is one of the best private banks in India.

The company has a large network of over 12,000 ATMs and 9 extension counters. Axis bank also provides mobile banking services to its customers through its mobile banking application.

History of Axis Bank.

In 1994, Axis Bank was one of the first new-generation private sector banks to start operations. The bank was established in 1993, and it was promoted by SUUTI (then known as Unit Trust of India), LIC, GIC, National Insurance Company Ltd., and General Insurance Corporation of India.

The Oriental Insurance Company Ltd., The New India Assurance Co. Ltd., and the United India Insurance Company Ltd. Unit Trust of India’s shares were subsequently transferred to SUUTI, founded in 2003. Below is the core value of Axis Bank :

  1. Values of Customer Centricity.
  2. Ethics
  3. Transparency,
  4. Teamwork and Ownership drive us to deliver on our ‘One Axis’ strategy every day.

Products and services offered by Axis Bank Ltd.

  1. Fixed Deposits – Customers can get high-interest rates with a wide range of F.D.s available at the bank.
  2. Saving Accounts – Customers can open basic savings accounts, junior savings account, and other accounts to diversify their investments.
  3. Credit cards – Axis Bank provides credit cards for customers with high returns and benefits. You can read our detailed blog on the best credit cards in India to understand the basics of this topic before applying.
  4. Mutual funds – Axis Bank comes with many schemes for customers under this scheme.
  5. Forex services – Customers can take advantage of the best deals on foreign exchange at the bank. They have a good network of over 100 branches to help you get the best deals from them.
  6. Pension plans – The bank has a range of pension plans for customers.
  7. Gold savings – Customers can buy gold from the bank and opt for a regular payment plan to save long term.

Here are some reasons why Axis Bank may be the number one bank for your banking needs:

The bank offers great customer support to its customers. Axis bank has 22,709 employees and provides 24*7 banking services to its customers.

You can get personal loans, car loans, home loans easily from the bank’s website or through their mobile app.

Their online investment plans, such as fixed deposits and mutual funds, are easy to understand and come with the best interest rates.

The bank’s customer-centric approach helps it serve customers better than many other banks in India. This makes this banks 4th largest Best Private Banks in India.

#5. IndusInd Bank Ltd.

IndusInd Bank is a widely respected universal bank with a strong banking presence, with over 2.5 crore customers, over 5,000 distribution points, and nearly 2,000 branches.

With ‘Sustainability’ as its core value, it offers a wide range of products and services for individuals and corporates, including microfinance, personal loans, personal and commercial vehicles loans, credit cards, SME loans. It is also a preferred banking partner for various Government entities, PSUs, and large corporates.

This bank is ranked fifth in terms of market capitalization, having a market cap of 72,244 Crore rupees as of January 2022. It has 2,000 branches in India, more than 5,000 thousand ATMs, and more than 9500 POS terminals for customers to access their accounts anytime they want.

History of IndusInd Bank Ltd. 

You may be wondering what makes IndusInd Bank so special. Let me tell you that IndusInd Bank is one of India’s largest private sector banks. IndusInd Bank was started in 1994 by Srichand P Hinduja.

The name of the bank was inspired by the Indus Valley Civilisation. This was one of the greatest cultures ever, and it showed how innovation combined with good business practices can be so successful. Over the years, the bank has grown a lot and is always looking to offer customers services as good as, or even better than, what other banks provide.

Value-Added Services by IndusInd Bank Ltd 

The bank offers many value-added services for customers, including mobile banking, SMS Banking, Internet Banking, Immediate Payment Service (IMPS), NEFT. Customers who cannot visit the branch often or do not have access to internet banking can get help by calling one of their customer representatives on the phone.

Here are the Lists of Service offers by Indusind bank ltd.

  • Savings & Current accounts
  • Loans, Overdrafts/ Cash credit facilities – up to Rs.4 crores,
  • Personal Loans (Auto, Consumer durables)
  • Home Loans (Residential Property)
  • Education Loan (Engineering/ Medical/ Hotel Management & Catering etc.)

Indusind bank duo card is a unique Credit card that works like a debit and credit card.

Here are some reasons why Indusind bank is no 1 for your banking needs:

The bank provides convenience and accessibility through multiple banking modes – including internet, mobile, and phone.

Customer satisfaction is one of their main goals, and they strive to achieve 100% customer satisfaction constantly. This makes this banks 5th largest Best Private Banks in India.

#6. Bandhan Bank

On August 23, 2015, Bandhan bank was born. It has a lot of different products, from savings to checking accounts. In its journey from being an NGO to a financial institution, the goal has been providing banking for people who need it most. This is because of their philosophy which says that your benefit is everyone’s welfare. ( Aapka Bhala. Sabki Bhilai)

This bank is the 6th largest bank in terms of Market Cap; the current market cap is Rs.47,443 crore. It is privately held, with its headquarters in Kolkata, West Bengal. Mr. Chandra Shekhar Ghosh serves as the chairman and managing director.

Products Offered Bandhan Bank 

Bandhan has a wide range of financial products and services to cater to all customer needs, including savings bank accounts, fixed deposit schemes, recurring deposit schemes, credit cards, and loans. Savings Bank Account:

  • Savings Bank Account: There are multiple accounts at Bandhan Bank. There are Basic Savings Accounts, Teen Savings Accounts, Gold Savings Accounts, and Premium Savings Account. One of the Best saving accounts is Elite Savings Account.
  • Fixed Deposit: Bandhan Bank offers both Recurring Deposits and Term Deposits. The tenure for the deposits ranges from 7 days to 10 years.
  • Credit Cards: Bandhan Bank offers different types of credit cards. Some of them are Bandhan Bank Plus Credit Card, Bandhan Bank One Credit Card.
  • Loans: Bandhan Bank offers loans for individuals and companies. The company has a wide range of lending services, from personal to corporate loans. Individual Loans: For individuals, Bandhan bank offers Personal Loan, Home Loan, Auto Loan, Gold Loan, Education Loan, etc.

Why may Bandhan Bank be best for you? ‘

Bandhan bank is a private sector bank, and it focuses on priority banking – catering to the financial needs of certain segments such as farmers, micro and small industries, MSMEs (Micro Small Medium Enterprises), women entrepreneurs, and professionals under priority and rural sectors. Apart from offering all the regular services like savings accounts, F.D., etc. This makes this banks 6th largest Best Private Banks in India.

#7. AU Small Finance Bank.

AU SFB is a private sector bank and one of the fastest-growing banks focusing on retail and small business segments. It is based in Jaipur. The All India presence of the AU Small Finance Bank has been established through its pan-India network of 300 branches spread across 29 states & Union Territories, manned by over 23,000 employees as of January 13, 2021.

This bank was established in the year 1996 as Au Financiers, a non-deposit-taking Non-Banking Finance Company (NBFC), and was converted into a small finance bank in the year 2015 after getting a license from RBI and is founded by Mr. Sanjay Agarwal, a merit holder Chartered Accountant and a first-generation entrepreneur.

This bank is the 7th largest bank in terms of Market Cap; the current market cap is Rs.41053 crore.

Products Offered by AU SFB

To strengthen its retail-focused approach, AU SFB provides attractive and innovative products to its customers. Some of them are:

  • Personal Banking – Current accounts, savings accounts, fixed deposits, loans against F.D.s, etc.
  • Savings Accounts – Regular or Recurring / Term Deposits or Monthly Income Account.
  • Loans – Retail and Commercial Loan.
  • Credit Card: There are many types of cards offered by the bank. Some of them are Altura, Altura Plus, Vetta, and Zenith Credit Cards. Here, you can read the detailed review about AU Small Finance Bank Credit Cards. 

Why may AU SFB be best for you? ‘

The AU Small Finance Bank offers a wide range of savings products suitable to your needs. Savings Account: The bank offers multiple Savings Accounts, including a Basic Savings Account and Regular Savings Account. If you want to get a higher interest rate on your savings account, choose an AU Small Finance Bank. This makes this banks 7th largest Best Private Banks in India.

#8. IDFC First Bank.

Erstwhile IDFC Bank and Erstwhile Capital First merged to form IDFC FIRST Bank on December 18, 2018. This private sector bank is based in Mumbai. IDFC First Bank is a full-service bank that offers comprehensive banking services to its retail customers. It has 600+ branches across 1/3rd locations of India.

This bank is the 8th largest bank in terms of Market Cap. The current market cap of this bank is Rs.30,951 crore.

The bank has a wide range of savings products to suit your needs. Some of them are: 

  • Savings Account– Regular or Recurring / Term Deposits.
  •  Loans – Personal Loan, Home Loan, Car Loan, Education Loan, etc.
  • Credit Card: There are many types of cards offered by the IDFC First Bank. Some of them are IDFC FIRST Millennia CardIDFC FIRST Classic CardFIRST Select Card, and IDFC FIRST Wealth Card. You can read the detailed review about IDFC First Bank Credit Cards here.

Why may IDFC First Bank be best for you? ‘

The bank offers high-interest rates on its Fixed Deposits and Recurring Deposits products. Savings Account: The savings account is a popular choice among most people because it helps them save money tax-efficiently. Most banks offer a higher interest rate on F.D.s and Recurring Deposits.

Apart from the above, all the bank’s credit is issued free of cost. This makes this banks 8th largest Best Private Banks in India.

#9. Federal Bank.

The Travancore Federal Bank Limited was established in Nedumpuram on April 23, 1931, as the Travancore Federal Bank Ltd. under the Companies Regulation of 1916 for Travancore. In 1945, K.P. Hormis, a visionary banker and founder, took up the duties and expanded the bank into a pan-Indian institution.

The bank has a pan-India presence with 1,272+ branches and extension counters spread across the country. Federal Bank also has an international presence in the U.K. and Abu Dhabi.

This bank is the 9th largest bank in terms of Market Cap; the current market cap is Rs.21,147 crore.

Products Offered by Federal Bank 

Federal Bank offers a wide range of retail banking services to its customers. Some of them are given below:

  • Savings Accounts– Basic Savings Account, Regular Saving Account, Corporate Saving Salary Account, Senior Citizen Savings Account, FIRST Power, Minor’s Savings Account.
  •  Loans – Personal Loan, Home Loan, Car Loan, Education Loan, etc.
  • Credit Cards: The bank offers two types of credit cards: Mastercard Imperio Credit Card, Mastercard Signet Credit Card, Mastercard Celesta Credit Card. You can read the detailed review about Federal Bank Credit Cards here.

Why may Federal Bank be best for you? ‘

Federal Bank has the highest number of branches in Kerala. It is also popular for its home loan product. Savings Accounts: Federal Bank’s savings account offers a wide range of benefits to the customers, including an interest rate of 3.00% per annum on deposits, no charges on cash withdrawals at any ATM, free checkbook issuance, etc.

Apart from the above, The Fixed Deposits and Recurring Deposits account has a Fixed deposit tenure ranging from 7-90 days and F.D.s with monthly/quarterly/half-yearly interest options. This makes this banks 9th largest Best Private Banks in India.

#10. RBL Bank.

RBL Bank, formerly known as The Ratnakar Bank Limited (RBL), is a private sector bank headquartered in Mumbai, Maharashtra, India. It has more than 500+ ATMs and branches across the country. In 2018, the bank’s total business stood at over Rs 10,272 crore, and over 7,816 employees serve its customers through a widespread branch and ATM network, call centers, and online & mobile banking platforms.

RBL Bank is the 10th largest bank in terms of Market Cap; the current market cap of this bank is Rs.8,898 crore.

Products Offered by RBL Bank 

RBL bank offers a wide range of retail banking services to its customers. Some of them are given below:

  • Savings Accounts– Regular Savings account, Basic Savings Account, Senior Citizen Savings Account, Limited Purpose Saving Account.
  • Loan:  Personal Loan, Home Loan, Car Loan, Education Loan, etc.
  • Credit Cards: RBL Bank has a large portfolio of credit cards to meet wide-ranging customer interests, needs & profiles. You can read the detailed review about RBL Bank Credit Cards here.

Why may RBL be best for you? ‘

The bank provides attractive interest rates on deposits in Savings Accounts and Loans, one of the most important factors for customers. This makes this banks 10th largest Best Private Banks in India.

Final Thought

There are several private banks in India, each with its own unique set of products and services. If you’re looking for a reliable bank that is open to the general public, then one of the private banks listed above may be right for you! The range of services includes everything from personal banking (current accounts, loan products such as overdrafts and mortgages) to commercial banking (products like business loans).

We hope this article was helpful and provided some valuable information on Best Private Banks in India.

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