Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. When it comes to listing the best private sector banks in India then the hierarchical criterion is the share percentage and the revenue generation.
12 banks are public sector banks and 22 are private sector banks in India.
. Since Private banks whose major stakes are held by the Individual are purely listed on the above mention criterion along with a few others that carves the performance picture of that particular private sector bank. 4 AXIS Bank. The Indian Banking System comprises two major sectors of Banks.
Lets take a look at the list of Private Sector Banks in India based on RBI. In India if a private bank fails due to some unfortunate circumstance and has to go under liquidation then under the Deposit Insurance Scheme of RBI. Best Government Banks in India 2021 Public Sector PSU Banks in India.
Scheduled Banks in India are those banks which have been included in the Second Schedule of Reserve Bank of India RBI Act 1934. We also given the list of private sector banks in India and their official websites. So your bank Fixed Deposits FDs are safe.
As I have mentioned in my earlier interaction with the media depositors of commercial banks including private sector banks need not worry on the safety of their funds. Now if you compare for instance any bank lets say a private sector bank with the State Bank of India State Bank of India NSE 055 would have an order of magnitude of higher m-cap ratio But the State Bank of India is as safe as the any other bank in the world. The safety perception is generally higher for public sector banks being government banks.
Traditionally banks in India have enjoyed a high level of trust with depositors. Public and Private Sector Banks. Youll read more all about it with the complete list of banks in India in 2021.
Currently 34 banks are functioning in India. But recent media reports suggest that some of Indias private sector banks may be in trouble. Further RBI in turn includes only those banks in this schedule which satisfy the criteria laid.
In fact it shrunk after the 200708 crisis because the depositors especially the corporates flew back to State Bank of India and other public sector banks The experience of the United States where private banks rule the roost is a pointer to what could happen to the stability of the banking system if Indian PSBs are privatised. This will not be good news. The former is controlled by the Government and the latters share or equity are held by private shareholders.
Axis Bank has nine international branches at Singapore Hong Kong. The Private Sector Banks in India are divided into two groups. I will say that most Indian banks are safe most of the times.
Yes it is safe to keep your money in a private bank provided it is a stable bank with strong banking operations. As per RBI following are registered Private Banks in India. RBI does its job fairly well and hence problems if any are more or less very rare.
With limited supervisory capacity no resolution capability and old laws the only solution the Reserve Bank of India may have to the problem is to make a healthy public sector bank like SBI acquire them. In this article we have compiled the list of private sector banks in India. What is Scheduled Commercial Bank.
As per the official website of The Reserve Bank of India RBI the following banks are listed as private banks in India. Best Private Sector Banks. They are Old Private Sector Banks and New Private Sector Banks.
But that doesnt mean that you can put all banks in the same risk bucket.
