The banking system is the back bone of the financial economy in India. Financial issues are one of the biggest problems for every country in the world. Depending on the banking sector, all other functions are made and the happenings of them have a great impact on the world’s economy. In India about 1.2 billion people are living; around 29 states and seven union territories are here. There are 600,000 villages, 640 districts in India. It holds the vast population percentage in the world. In such case, for the financial transaction process – banking system is the most important one for India.
Almost all financial transitions are held only with the aid of banking sectors. The government has to manage all the people related financial issues through banking systems. Here, both government and private banks are operating in India and also some foreign banks are also doing their best. Foreign countries are also investing in India. Here are some of the banks which play the major role and having more customers by their best bank services in India:
10. Union Bank of India
It is one of the largest banks in India. It was founded in the year of 1919 and it is owned by the government of India. This gives the best customer dealings with great services and customer satisfaction along with providing innovative product services. A wide range of deposit schemes, retail loans, credit and debit, ATM cards, insurance, mutual funds, gold loans, and so on are being offered here. It is headquartered in Mumbai with over 36 branches across the country.
9. IDBI Bank
It is founded in the year of 1964. It is one of the largest government oriented banks owned in India. The full form of IDBI is ‘Industrial Development Bank of India’. This bank assets management estimate is about $ 42 billion. It has set up around 2000 ATM centres throughout the country. This bank is mainly used for offering loans, investment banking, and cooperative banking. It has about 1150 branches throughout the country.
8. Bank of India
It is one of the largest banks in India which aim at bringing good customer satisfaction with their clear best services. It is a privately owned bank in India. It is a commercial bank which has headquarters in the Bandra Kurla Complex, in Mumbai. It is founded in the year of 7th September 1906. This bank currently has 4187 branches all over the country and also serving well. This bank makes a clear financial transaction and offers affordable loans for the customer requirements.
7. Axis Bank
It is a private banking sector, which was founded in the year of 1993 with its headquarter in Mumbai. It has great service opportunities to its customer for a long time. Axis banks operate its ATMs at more than 12000 centres. It is the leading private bank in India, which is providing more services and loans for the customers. It is one of the top largest banks in India, which has nearly 2225 branches in India and manages $54 billion assets by this government.
6. Canara Bank
It is founded in the year of 11th July 1906. It is a government owned bank, which is headquartered in Bengaluru. Ammembal Subba Rao Pai is the founder of this bank. Still, it is giving great services to the customers. It is one of the oldest public sector banks in the country. The total assets of this banking worth are about $61 billion. It has the great customer services around 3200 branches all over the country. More than 44,000 workers of Axis bank providing best services for their customers.
5. HDFC Bank
It is the largest best bank in India. It is a private sector bank. It was founded in the year of August 1994, headquartered in Mumbai Maharashtra. It is a great financial service oriented company that has about 84,325 employees around the country with the best services. The total assets of banking have managed about $66.7 billion. It contains 12,000 ATM centres all throughout the nation. This bank has branches about 3200, which were servicing around the country.
4. Bank of Baroda
It is one of the oldest banks in the country. It is the State owned international banking and financial services company, headquarters in Vadadore in Gujarat in India. It is founded in the year of 20th July 1908 and it was founded by Sayajiraro Gaekwad. It is the best banking in the India, which gives the best services to the customers and it is one of the best largest chains of banks in India.
3. Punjab National Bank
It is one of the top best banks in India. It has the total assets of about $90.9 billion. It was founded in the year of 19th May 1894 and it is headquartered in New Delhi. It was founded by Lala Lajpat Rai. The Punjab National Bank is having the largest number of customers because of their great service. Around 6000 ATM and 5800 branches are working in the country.
2. ICICI Bank
It was founded in the year of June 1994 and its headquarters is in Mumbai. It is a multinational banking and financial services company. It offers best services for the customer every time and manages about $99 billion assets. It has 11,000 ATM centres around the country.
1. State bank of India
It is the top most leading bank of the Indian government. This gives great services to the customers. It was founded in the year of 1st July 1955 and owned by the government of India and life insurance corporate of India. It is headquarters in Mumbai. The bank employee is about 3 lakhs of the people.
Banking is the most important thing of our Indian economy; here both the government and private banking sectors are providing proper and clear transactions for the customers. Though many banks were started and working for the customers, yet, only a few banks with its excellent banking services satisfy the customer needs.