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Private Sector Banks

About Private Sector Banks

Private Sector Banks are those banks in which the majority of the stake is held by shareholders of the bank and not by the government. RBL bank, HDFC Bank, ICICI Bank, Yes Bank, etc. are the private sector banks in India. They provide all the banking products and services to the customers. These products include Fixed Deposit, Savings Deposit, RD, Home Loan, Personal Loan, Car Loan, Locker, Demat Facilities, Debit/ Credit Card, ATM, Foreign Exchange Transactions, Insurance, Wealth Management, Net Banking, etc. Private banks are known for introducing information technology in the banking system.

Private banks are managed and controlled by private promoters. There are 2 different categories in which these private banks have been divided:

  1. Pre-liberalisation
  2. Post-liberalisation

Pre-liberalisation

There are total 12 banks which exist from the period before liberalisation in India that took place in 1990. These banks include Federal Bank, Karnataka Bank, Karur Vysya Bank, RBL Bank, etc.

Post-liberalisation

There are total 9 banks which got licenses and came into being after liberalisation in India that took place in 1990. These banks are called new age banks and include HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, etc.

Private Sector Banks offer innovative products and better services as compared to public sector banks but they charge some extra amount for providing such additional services. It has been seen that the financial performance of private banks has remained better than that of public banks as they have managed their net interest margin (NIM) and non-performing assets (NPA) very well.

If you are looking for IFSC,SWIFT,MICR or BSR codes or looking for bank branch details including road direction or ATMs of a bank? You will get complete information of all india private sector banks.

You can also find IFSC,SWIFT,MICR or BSR code for any branch of any bank to make a NEFT payment or RTGS payment. Also, find ATM and branch location near by you with branch contact information. Information on all the Nationalised Banks, Scheduled Banks and Private Banks in India is available.

Below are private sector banks in India. All banks has their branches in different states of india. Currently around 22 private sector banks in India. There are total 93 commercial banks in India.