Private Sector Bank: List of Private Sector Bank in India

Private Sector Bank: The concept of the bank in India has introduced first in the last decade of the 18th century. All the banks in India either public sector banks or private sector banks regulated by the Reserve Bank of India (RBI). Private banks were recognized in the 1990s after the  Liberalization, Privatization, and Globalization (LPG) Policy. RBI is the supreme authority bank in India. All the rights of banks are reserved and come under by Reserve Bank of India (RBI). In this article, we have provided the complete list of all private sector banks in India.

Private Sector Bank: List of Private Sector Banks in India

At present, there are 21 private sector banks in India. Candidates can check the complete list of all banks in the given table.

About Private Sector Bank

In India Axis bank is the 3rd largest bank in the private sector. The bank has worldwide workplaces in 11 countries. Axis bank is a premier bank for the new generation. The year of the Establishment of Axis Bank is 1993, and its headquarters is located in Mumbai, Maharashtra

Bandhan Bank

Bandhan Bank is a wholly-owned subsidiary of Bandhan Financial Holdings Limited. It started its operations in the year 2015. It is headquartered located in Kolkata, West Bengal.

CSB Bank

The headquarters of CSB Bank is located in Thrissur, Kerela. It was formerly known as the Catholic Syrian Bank and is one of India’s oldest private sector banks as it was established in November 1920.

City Union Bank

City Union Bank was initially named Kumbakonam Bank Limited. The headquarter of this bank is located in Kumbakonam, Tamil Nadu. Currently, it has a network of over 700 branches across the country.

DCB Bank

DCB Bank is a new generation private sector bank with 400 branches across India. DCB Bank has deep roots in India since its inception in the 1930s. The headquarter of  Development Credit Bank (DCB) is located in Mumbai Maharashtra.

Dhanlaxmi Bank

This bank was set up in 1927 with its registered office in Thrissur, Kerala. Dhanlaxmi Bank is one of the most trustworthy and dignified banks in India. It is expanded across the country with 245 branches.

Federal Bank

The headquarter of Federal Bank is located in Aluva, Kerala, Federal Bank consists of a banking network of over 1272 branches in the nation. It was named Travancore Federal Bank when it was established, but later on, it changed.

HDFC Bank

HDFC Bank is India’s largest private sector bank.  it was one of the first to get ‘in principle’ clearance to open a bank in the private sector. The headquarters of HDFC bank is located in Mumbai. It was among the first to receive in-principle approval from the RBI to set up a bank in the private sector, as a part of RBI’s liberalization of the Indian Banking Industry in 1994.

ICICI Bank

ICICI Bank is India’s largest private sector bank. ICICI Bank was established in 1994 as a wholly-owned subsidiary of ICICI Limited. Its headquarters is located in Mumbai.

Karur Vysya Bank

Karur Vysya Bank is a scheduled commercial bank in India. It was set up in 1916. The headquarter of this bank is located in Karur, Tamilnadu. It has completed 100 years of operation and is one of the leading banks in India

Kotak Mahindra Bank

Kotak Mahindra Bank is India’s first finance company converted into a private bank. It has ended up as one of the foremost prevalent banks in India. It has begun in 1985 as Kotak Mahindra fund ltd but afterward, it changed to the bank in 2003.

IDBI Bank

IDBI Bank has become one of the premier private banks in our country. Established initially for the purpose of boosting the industrial sector of our country, it comes among the top private banks of the country. The headquarters of IDBI bank is located in Mumbai Maharastra.

IDFC FIRST Bank

IDFC First Bank was set up in 1997 as a financing foundation, and its prime center was on extending the back and mobilization of capital for the improvement of private sector foundations in 2005,  Its headquarters is located in Mumbai.

IndusInd Bank

The IndusInd bank is a Pune-based new generation Indian bank. This is one of the oldest private sector banks of our country. The headquarter of IndusInd Bank is located in Mumbai.

J&K Bank

J&K bank is a pretty old bank that was established back in 1938. The headquartered of J&K bank is located in Srinagar, Jammu, and Kashmir. It is a universal bank in Jammu & Kashmir and Ladakh and is a specialized bank in the rest of the country.

Karnataka Bank

Karnataka Bank Ltd is an Indian banking company. The company’s operating segment includes Treasury operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The headquarter of Karnataka bank is located in Mangluru Karnataka.

RBL Bank

RBL bank is established in the year 1943 with the aim of serving the Kolhapur-Sangli belt of Maharashtra. This is one of the fastest-growing private banks of the nation. The headquarter of RBL bank is located in Mumbai Maharashtra.

YES Bank

 It was founded in 2004 by two bankers Ashok Kapur and Rana Kapoor. The registered office of the bank is situated in Mumbai, Maharashtra. This bank in India is one of the most customer-focused and service-driven banks.

Tamilnad Mercantile Bank

The headquarter of Tamilnad Mercantile Bank Limited (TMB) is located in Thoothukudi, Tamil Nadu. TBM was set up in 1921 at the Nadar Bank but changed its name to Tamilnadu Mercantile Bank in 1962.

South Indian Bank

The South Indian Bank is known to be the first Kerala bank to execute the core banking system. They have a good market reputation because of their transparency in operations. Headquartered is located in Kerala,

Nainital Bank

The Nainital Bank was established in 1922 in Nainital to meet the financial needs of the region. It was started by Govind Ballabh Pant. However, in 1975, the bank’s 99% shares were acquired by the Bank of Baroda.

Private Sector Bank: List of Private Sector Bank in India in Hindi

FAQs: Private Sector Bank

Q1. How many private sector banks are in India?

Ans. At present, there are 21 private sector banks in India.

Q2. Which is the oldest private sector bank in India?

Ans. The IndusInd Bank is one of the oldest private banks in India established in 1994.

Q3. Which is the largest private bank in India?

Ans. HDFC is the largest private sector bank in India.

Q4. What is the full form of ICICI?

Ans. The full form of ICICI is the Industrial Credit and Investment Corporation of India.