Quick Answer: Who Is The No 1 Bank In India?

Is money safe in Yes Bank?

Your money with Yes Bank is absolutely safe, Shaktikanta Das tells depositors.

Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday assured all depositors of Yes Bank Ltd that their money is safe and there is no reason to withdraw cash in panic..

Who is the No 1 private bank in India?

Hemant SinghS.N.Bank NameMarket Capitalization (cr. Rs.) as on July 20161.HDFC Bank329,757.412.ICICI Bank158,503.493.Axis Bank151,877.774.Kotak Mahindra150,176.9611 more rows•Feb 23, 2018

Is FD in IndusInd Bank Safe?

In contrast, the fixed deposit is protected by a guarantee of up to Rs 5 lakh refund even if the bank goes bankrupt. So, the risk is between losing your money and not losing it.

Which bank is best HDFC or SBI?

The State Bank of India (SBI), the largest bank in India, is only worth one-third of HDFC Bank, which in its own right, is the largest private sector bank in the country….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Why is BOI not merged?

Chennai-headquartered Indian Overseas Bank (IOB) may have been kept out of the mega PSB merger as it is not only weighed down by huge bad loans but also because there could have been adverse reaction from local political parties in Tamil Nadu.

Which bank is the richest?

Commercial Bank of China LimitedThe Industrial and Commercial Bank of China Limited is the wealthiest bank in the world according to market capitalization. It is also ranked as the largest bank in the world when rated by total assets.

Who is the best bank in India?

Top 10 Banks in IndiaIDFC Bank.State Bank of India.Bank of Baroda.Punjab National Bank.ICICI Bank.Canara Bank.IDBI Bank.Bank of India.More items…•

Is IndusInd Bank safe after Yes Bank?

The bank’s stock ended nearly 9 per cent down at Rs 604.30 on the BSE on Tuesday. Private sector lender IndusInd Bank has said it is financially strong, well-capitalised and profitable, amid market rumours about the health of the lender after the Yes Bank crisis came to light.

Which is the safest bank in India 2020?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 6) Kotak Mahindra Bank, IndusInd Bank, Yes Bank.

Which is better bank Icici or HDFC?

HDFC Bank is much better than ICICI Bank. HDFC bank is very professional as compared to ICICI . … Especially when it comes to customer service, ICICI is WORST.

Is HSBC a good bank?

HSBC provides the traditional banking and investment services, while the online operation is able to offer higher interest rates on its deposit accounts. This may be right for people who want the convenience of a large traditional bank, yet higher interest rates for their savings. However, there are downsides.

Is HDFC a safe bank?

So your bank Fixed Deposits (FDs) are safe. … These are banks that are too-big-to-be-allowed-to-fail banks of India. And these are State Bank of India (SBI), HDFC Bank and ICICI Bank.

Which is the fastest growing bank in India?

HDFC BankHDFC Bank is the fastest-growing bank in India, with 296% growth over the past 5 years, according to a report by brand consultancy Brand Finance. It has recorded a compound annual growth rate of 31.7% over the same period….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Which bank is worst?

Eventually, the worst of the worst (as per Consumerist’s voters, at least) is left standing and crowned the Worst Company in America. In the banking sector, Bank of America and Chase, in particular, seem to inspire readers, as each beat out CitiBank and Wells Fargo (respectively) to move on to the next round.

Which is the safest bank in India?

State Bank of India2) State Bank of India With over Rs30 Trillion assets under management, it is easily the largest Bank in the country and hence also the safest bank in India. It is more than 2.5 times bigger than the runner up i.e. ICICI Bank.

Is IndusInd Bank in Trouble?

IndusInd Bank Ltd has been the worst hit by the crisis. The bank’s stock dropped 15% on Tuesday after the lender revealed in an investor call that it has lost 10-11% of its deposits since Yes Bank Ltd crumbled earlier this year. Just two weeks ago, IndusInd Bank had indicated that it had lost only 2% deposits.

Which private bank is best?

So here is the list of top private banks in India and also the best Private banks in India.HDFC Bank. HDFC Bank is the Largest Private Banks in India by Total sales during the Year. … ICICI Bank. … Axis Bank Ltd. … Kotak Mahindra Bank Ltd. … IndusInd Bank Ltd. … Yes Bank Ltd. … Federal Bank Ltd. … IDFC First Bank Ltd.More items…•

Is SBI bank safe?

“Take for instance, SBI which is amongst the top 100 banks of the world. It is as safe as it gets in terms of a bank. The m-cap ratio of SBI is an order of magnitude higher than the private sector banks which shows that m-cap ratio is a wrong measure to assess the safety of the bank,” Subramanian said.

Which is the No 1 bank in the world?

By market capitalizationRankBank namehideMarket cap (US$ billion)1JPMorgan Chase390.9342Industrial and Commercial Bank of China345.2143Bank of America325.3314Wells Fargo308.01332 more rows

Is IndusInd Bank Safe 2020?

“Your money is safe, the Indian banking system is safe and sound,” he had appealed on March 26. “In the recent past, COVID-19 related volatility in the stock market has impacted share prices of banks as well, resulting in some panic withdrawals of deposits from a few private sector banks.

Which is the safest bank in the world?

According to Global Finance, the world’s safest banks are:KfW, Germany.Zürcher Kantonalbank, Switzerland.Landwirtschaftliche Rentenbank, Germany.L-Bank, Germany.Bank Nederlandse Gemeenten, Netherlands.Nederlandse Waterschapsbank, Netherlands.BANK, Germany.Caisse des Dépôts et Consignations, France.More items…