Private Sector Banks and their Headquarters
In government exams like SSC, Banking, Railways, etc we find many questions from the Banking section, especially from banks and their headquarters. This section is a part of the general awareness paper. Here we are going to provide comprehensive coverage of this section so that students can learn and get most of the questions correct in this section. In this article, we will discuss Private Sector Banks and Payment Banks.
Private Sector Banks :
Private sector banks are those banks, wherever any individual or private corporations own a significant part of the bank’s equity. Although these banks follow the nation’s central bank’s guidelines, however, they’ll formulate their freelance monetary strategy for the customers. An outsized part of these banks are listed on the exchange and anyone should buy a major part of these banks’ shares from the stock market.
Most private sector banks are terribly agile in their financial strategy. These banks can create a fast financial call in line with the market condition. For this reason, interest rates fluctuate quickly on each deposit and loan. they provide reliable services to the clients. They additionally offer varied made-to-order services to the customer to fulfill their individual monetary needs. Employees work significantly to satisfy the customer’s financial requirements.
Here is the list of private sector banks working in India :
Bank Name | Headquarter | Tagline | MD/CEO |
IDFC Bank | Mumbai | Banking Hatke | V. Vaidyanathan |
IndusInd Bank | Mumbai | We make money simple | Sumant Kathpalia |
Jammu and Kashmir Bank | Srinagar | Serving to Empower | Baldev Prakash |
Karnataka Bank | Mangalore | Your family bank across India | Mahabaleshwara M. S |
Kotak Mahindra Bank | Mumbai | Let’s make money simple | Uday Kotak |
Karur Vysya Bank | Tamilnadu | Smart way to bank | B Ramesh Babu |
Lakshmi Vilas Bank | Tamilnadu | The Changing Face of prosperity | Subramanian Sundar |
Nainital Bank | Nainital | Banking with personal touch | Dinesh Pant |
RBL Bank | Maharashtra | Apno ka Bank | R Subramaniakumar |
South Indian Bank | Kerala | Experience next generation banking | Murali Ramakrishnan |
Tamilnad Mercantile Bank | Tamil Nadu | Be a step ahead of life | K V Rama Moorthy |
Yes Bank | Mumbai | Experience our expertise | Prashant Kumar |
Axis Bank | Mumbai | Badhti Ka Naam Zindagi | Amitabh Chaudhry |
Bandhan Bank | Kolkata | Aapka Bhala, Sabki Bhalai | Chandra Shekhar Ghosh |
Citi Union Bank | Tamilnadu | Trust and Excellence since 1904 | Dr. N. Kamakodi |
Catholic Syrian Bank | Thrissur | Support all the way | C. VR. Rajendran |
Dhanlaxmi Bank | Thrissur | Tann. Mann. Dhan | J K Shivan |
DCB Bank | Mumbai | We Value You | Murali M. Natrajan |
Federal Bank | Kerala | Your perfect banking partner | Shyam Srinivasan |
HDFC Bank | Mumbai | We understand your world | Sashidhar Jagdishan |
ICICI Bank | Mumbai | Khayaal Aapka | Sandeep Bakhshi |
Frequently Asked Questions (FAQs) :
Que 1. Which is the largest Private Sector Bank in India by revenue?
Ans. HDFC bank.
Que 2. What is the difference between Public sector Bank and Private sector Bank?
Ans. In Public Sector Banks , majority of shareholding owned by Government of India where as in Private Sector Banks, majority of shareholding owned by a private firm or an individual.
Que 3. How many Private sector Banks working in India?
Ans. At present 21 Private Sector Banks working in India.
Que 4. Who Owned the Private Sector Bank?
Ans. Any Individual or Any Organization.
Que 5. What is Cash Reserve Ratio (CRR)?
Ans. CRR is the minimum amount as specified by the RBI should maintained by the Commercial banks of the public deposits with the RBI.
Que 6. Where is Headquarter of Axis Bank located?
Ans. Mumbai.
Que 7. “Aapka Bhala, Sabki Bhalai” is the Tagline of which Bank?
Ans. Bandhan Bank.