PRIVATE SECTOR BANKS OF INDIA
PRIVATE SECTOR BANKS OF INDIA
The Banking scenario in India has considerably changed if the last decade is considered. The width and depth of financial system in India has improved. The new technology has also added to the improvement and has made banking transactions just a click away. Private Banking in India was practised since the begining of banking system in India. Its origin stretches way back and has a history. The first private bank in India was IndusInd Bank. Today, it is one of the fastest growing private sector banks in the nation. When it comes to serving the people of India, public sector banks have a major role to play, as they have made banking more customer – friendly and efficient providing quality services. Private Banks in India are continuing giving services to their customers.
Since their establishment, private banks have evolved undergoing a lot of changes. In the year 1994, The Reserve Bank of India handed out a policy of liberation to license, so as to control the number of private banks that were coming up and were not concerned about their customers.
Here is a list of the Private sector banks of India :
- Axis Bank
- Bank of Punjab
- Bank of Rajasthan
- Catholic Syrian Bank
- Centurion Bank
- City Union Bank
- Dhanalakshmi Bank
- Development Credit Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IndusInd Bank
- ING Vysya Bank
- Jammu & Kashmir Bank
- Karnataka Bank
- Karur Vysya Bank
- Laxmi Vilas Bank
- Saraswat Bank
- South Indian Bank
- United Western Bank