In India, the banks are divided or classified into different categories. Every category or type of bank has its functions to perform. The Reserve Bank of India (RBI) is having the highest baking regulator authority in India. It regulates the monetary policy in the country. In this post, I have compiled the list of private banks in India 2021.
Which is private bank? How many private banks are there in India? How many banks are private? Is SBI private bank? Which are the 21 private banks? Is HDFC a private bank? Is Axis Bank A private bank? If you want to know the answer to all these questions, then this blog article is for you.
Table of Contents
Categories of Banks in India
In India, the banks are divided into four categories. They are as under
1. Commercial Banks
The commercial banks in India are categorized into four types of banks.
- Private sector banks
- Public sector banks
- Regional rural banks (RRB)
- Foreign banks
Private Sector Banks
Private Sector Banks refer to those banks where the majority of the stake is maintained by private individuals. Examples of private sector banks are ICICI Bank, HDFC Bank, IndusInd Bank, and Axis Bank, etc.
In India, there are two types of private sector banks
1. Old Private Sector Banks (emerged before 1968).
2. New Private Sector Banks (emerged after 1968).
The old private sector banks are smaller in size compared to the new private sector banks. Below is a list of private banks India.
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How many private banks are there in India?
At present, there is a total of 21 private sector banks in India. Next, you will get the answer to the question: which are the 21 private banks?
List of Private Banks in India 2021
Here is the private bank name list (Pvt bank list), I have collected from various sources. All you need to do is take a quick look at the private bank name list mentioned in the table below.
| Sr. No | Name of the Bank | Branches | Establishment | Headquarter |
| 1 | Axis Bank | 4528 | 1993 | Mumbai, Maharashtra |
| 2 | Bandhan Bank | 670+ | 2015 | Kolkata, West Bengal |
| 3 | CSB Bank | 417 | 1920 | Thrissur, Kerala |
| 4 | City Union Bank | 700+ | 1904 | Kumbakonam, Tamil Nadu |
| 5 | DCB Bank | 334 | 1930 | Mumbai, Maharashtra |
| 6 | Dhanlaxmi Bank | 270+ | 1927 | Thrissur city, Kerala |
| 7 | Federal Bank | 1284 | 1931 | Aluva, Kochi |
| 8 | HDFC Bank | 5430 | 1994 | Mumbai, Maharashtra |
| 9 | ICICI Bank | 5288 | 1994 | Mumbai, Maharashtra |
| 10 | IDBI Bank | 1892 | 1964 | Mumbai, Maharashtra |
| 11 | IDFC FIRST Bank | 260 | 2015 | Mumbai, Maharashtra |
| 12 | IndusInd Bank | 2000 | 1994 | Pune, Maharashtra |
| 13 | J&K Bank | 1038 | 1938 | Srinagar, Jammu and Kashmir |
| 14 | Karnataka Bank | 857 | 1924 | Mangaluru, Karnataka |
| 15 | Karur Vysya Bank | 779 | 1916 | Karur, Tamil Nadu |
| 16 | Kotak Mahindra Bank | 1500+ | 2003 | Mumbai, Maharashtra |
| 17 | Nainital Bank | 150 | 1922 | Nainital, Uttarakhand |
| 18 | RBL Bank | 398 | 1943 | Mumbai, Maharashtra |
| 19 | South Indian Bank | 876 | 1929 | Thrissur, Kerala |
| 20 | Tamilnad Mercantile Bank | 509 | 1921 | Tuticorin, Tamilnadu |
| 21 | YES Bank | 1000+ | 2004 | Mumbai, Maharashtra |
The above table will help you to know the private sector banks list. Listed above are all private bank list that are currently operating in the country.
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Private Sector Banks list 2021
After getting acquainted yourself with the list of private banks in India, now it’s time to know more about all private bank list in India.
Axis Bank
Axis Bank is the first name in the list of private banks in India. It is the third largest and most popular private bank in India. It is one of the first new-generation private sector banks in the country. Axis Bank started its operations in the year 1994. It is headquartered in Mumbai, Maharashtra.
Axis Bank offers a wide range of financial services to large and mid-corporates, MSME, agriculture, and retail businesses. It has a network of 4,528 branches, 12,044 ATMs, and 5,433 cash recyclers spread all over the country.
Axis has 11 international offices with branches in Singapore, Dubai, Shanghai, Hong Kong, Colombo, and Gift City-IBU. It also has its representative offices in Dubai, Abu Dhabi, Dhaka, Sharjah and an overseas subsidiary in London, UK.
The tagline of Axis Bank is – “Badhti Ka Naam Zindagi”.
Click here to visit the Axis Bank website.
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Bandhan Bank
The next name is Bandhan Bank in the list of private banks in India.
Bandhan Bank is a wholly-owned subsidiary of Bandhan Financial Holdings Limited. It started its operations in the year 2015. It is headquartered in Kolkata, West Bengal.
Bandhan Bank provides a host of banking products and services to its customers. Presently, it has a network of 4,701 banking outlets across the country.
Bandhan Bank offers banking services and products to urban, semi-urban, and rural customers alike. It has equal respect for all customers, big or small. It is focused on meeting the needs of the people who are overlooked by the formal banking system.
“Aapka Bhala, Sabki Bhalai” is the tagline of the Bandhan Bank.
Click here to visit the Bandhan Bank website.
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CSB Bank
The next is CSB Bank in the list of private bankers in India. CSB Bank, formerly known as Catholic Syrian Bank, is currently the oldest private sector bank in Kerala. It had its modest beginning in November 1920. It is headquartered in Thrissur, Kerala.
CSB has a significant presence in Southern India and Maharashtra. Currently, it has 417 branches and 310 ATMs spread across 18 states, 2 union territories. It has 4 principal business areas – SME banking, retail banking, corporate banking, and treasury operations.
CSB became a scheduled bank in the year 1969 and was included in the second schedule of the RBI Act. It entered the field of International Banking in the year 1975.
The tagline of CSB Bank is – “Support All the Way”.
Click here to visit the CSB Bank website.
City Union Bank
City Union Bank was initially named Kumbakonam Bank Limited. It was incorporated as a limited company on October 31, 1904. It is currently headquartered in Kumbakonam, Tamil Nadu.
City Union opened its first branch outside of Tamil Nadu in the year 1980. Currently, it has a network of over 700 branches and 1762 ATMs spread across the country. City Union offers a range of products and services to its customers.
“Trust and Excellence” is the tagline of City Union Bank.
Click here to visit the City Union Bank website.
DCB Bank
The next is DCB Bank in the list of private banks in India. It is a new generation private sector bank. DCB is a scheduled commercial bank and is regulated by the RBI. It has deep roots in India since its inception in the 1930s. It is headquartered in Mumbai, Maharashtra.
DCB Bank’s business segments are retail, micro-SME, SME, mid-corporate, government, public sector, Indian banks, co-operative banks, agriculture, commodities, and NBFC. It has approximately 6 lakh customers.
It has a network of state-of-the-art, customer-friendly 334 branches. These branches are situated across Andhra Pradesh, Bihar, Chhattisgarh, Daman, Delhi/ NCR, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Silvassa, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
The tagline of DCB Bank is – “We value you”.
Click here to visit the DCB Bank website.
Dhanlaxmi Bank
The next name is Dhanlaxmi Bank in the list of private bankers in India. Bank is one of the old private sector banks. It was incorporated in the year 1927. With its rich heritage, it has earned the trust and goodwill of clients over 93 years. It is headquartered in Thrissur City, Kerala.
It has designated as a scheduled commercial bank by the RBI. Its name has changed from Dhanalakshmi Bank to Dhanlaxmi Bank in the year 2010.
It has launched “Dhan Smart” (Mobile App) for the convenience of the customers in 2015. It has a network of 531 touchpoints across India for customer service.
The tagline of Dhanlaxmi Bank is – “Tann.Mann.Dhan”.
Click here to visit the Dhanlaxmi Bank website.
Federal Bank
Federal Bank is one of the private bank India. It is one of the first among traditional banks in India in the area of using technology to leverage its operations. Incorporated in the year 1931 and is headquartered in Aluva, Kerala.
Federal Bank offers a various services to its customers. It has a large network of 1284 branches and 1569 ATMs spread across different states in India. It also set up its representative office in Abu Dhabi & Dubai.
The tagline of Federal Bank is – “Your Perfect Banking Partner”.
Click here to open a saving account with Federal Bank.
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HDFC Bank
The HDFC Bank is India’s leading private banks. HDFC was among the first to receive approval from the RBI to set up a private sector bank. It was established in the year 1994 and headquartered in Mumbai, Maharashtra. It is the largest private sector bank in India by assets.
HDFC offers a wide range of financial products and services including wholesale & retail banking, treasury, loans, and credit cards to its customers. It has a banking network of 5,430 branches and 15,292 ATMs spread across the country.
HDFC branches are linked online in real-time. It provides its services to customers across India through multiple delivery channels such as phone banking, NetBanking, mobile banking, and SMS-based banking.
The tagline of HDFC Bank is – “We Understand Your World”.
ICICI Bank
ICICI Bank is one of the leading and growing private sector banks in India. Its consolidated total assets stood at Rs.14.76 trillion on September 30, 2020.
It started its operations in the year 1994. The bank’s registered office is in Vadodara, Gujarat and the corporate office is in Mumbai, Maharashtra.
ICICI offers a wide range of financial services and banking products to corporate and retail customers. It currently has a network of 5,288 branches and 15,158 ATMs across the country.
ICICI provides its services to the customers through multiple delivery channels and its group companies.
The tagline of ICICI Bank is – “Hum Hai Na, Khayal Apka”.
Click here to visit the ICICI Bank website.
IDBI Bank
IDBI Bank is one of the private bank India. The IDBI Bank is operating as a full-service universal bank that serves customers from all segments. Industrial Development Bank of India (IDBI) was constituted in the year 1964. It is headquartered in Mumbai, Maharashtra.
IDBI provides a wide range of financial services and products encompassing deposits, loans, payment services, and investment solutions. It has a pan-India network of 1,892 branches and 3,467 ATMs across the country.
It offers an innovative range of digital services that complement its pan-India network of branches and ATMs. Customers can also reach out to IDBI Bank through our 24×7 customer care facilities.
The tagline of IDBI Bank is – “Banking For All, “Aao Sochein Bada”, Bank Aisa Dost Jaisa”.
Click here to visit the IDBI Bank website.
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IDFC FIRST Bank
IDFC FIRST Bank is one of the private sector banks in India. Erstwhile IDFC Bank and Erstwhile Capital First announced a merger in January 2018. It started its operations in the year 2015. It is headquartered in Mumbai, Maharashtra.
IDFC First offers a wide array of financial solutions to individuals, small businesses, and corporates. It has a pan-India network of 260 branches and 140 ATMs. It has a large retail customer base of more than 70 lakh customers including 30 lakh rural customers.
The tagline of IDFC FIRST Bank is – “Banking Hatke”.
Click here to visit the IDFC FIRST Bank website.
IndusInd Bank
The next name is IndusInd Bank in the list of pvt bank in India. IndusInd Bank is a new generation private bank with a widespread banking footprint. It was inaugurated in the year 1994 by then Union Finance Minister Manmohan Singh. It is headquartered in Pune, Maharashtra.
IndusInd offers a wide range of products and services for individuals and corporates. It includes microfinance, personal loans, vehicle loans, credit cards, and SME loans. It has a large network of over 5,000 distribution points and nearly 2,000 branches across the country.
Over the years, it has grown ceaselessly and dynamically to offer its customer’s banking services at par. IndusInd has over 2.5 crore customers. It is a preferred banking partner for various Government entities, PSUs, and large corporates.
The tagline of IndusInd Bank is – “We Care Dil Se, We Make You Feel Richer”.
Click here to open a savings account with IndusInd Bank.
J&K Bank
J&K Bank functions as a universal bank in the UT of Jammu & Kashmir and Ladakh. It also functions as a specialized bank in the rest of the country. It is incorporated in the year 1938 and headquartered in Srinagar, Jammu and Kashmir.
J&K Bank follows a two-legged business model whereby it seeks to increase lending in its home territory and seeks to capture niche lending opportunities on a pan-India basis. It has a network of 1,038 branches and 1340 ATMs spread across the country.
J&K Bank operates on the principle of “socially empowering banking”. It seeks to deliver innovative financial solutions for household, small and medium enterprises.
The tagline of J&K Bank is – “Serving To Empower”.
Click here to visit the J&K Bank website.
Karnataka Bank
The next is Karnataka Bank in the list of private banks in India. Karnataka Bank is a leading “A” class scheduled commercial bank in India. It was incorporated on February 18, 1924, at Mangaluru, a coastal town in Karnataka state.
It has a national presence with a network of 857 branches spread across 22 states and 2 Union Territories. At present, it has over 8,220 employees, and over 10.21 million customers.
Karnataka Bank has deployed the most modern information technology to deliver products and services for the customer’s benefit. That is why it emerged as a leading financial service institution in India.
“Your Family Bank Across India” is the tagline of Karnataka Bank.
Click here to visit the Karnataka Bank website.
Karur Vysya Bank
The next is Karur Vysya Bank in the list of private banks in India. Karur Vysya Bank is the bank that carries with it a tradition of 103 years. It was started in the year 1916. It is headquartered in Karur, Tamil Nadu.
Karur Vysya is a leading financial institution in the country. It offers a wide array of financial services, under one roof, to millions of its customers. It had a network of 779 branches and an ATM network of 1658.
Karur Vysya is one of the earliest banks in India to achieve full networking of its branches under Core Banking Solutions.
“Smart Way to Bank” is the tagline of Karur Vysya Bank.
Click here to visit the Karur Vysya Bank website.
Kotak Mahindra Bank
The next name is Kotak Mahindra Bank in the list of pvt bank in India. Kotak Bank is one of the fastest-growing banks in the country. It is the flagship company of the Kotak Group. The bank started its operations in 2003. It is headquartered in Mumbai, Maharashtra.
Kotak Mahindra offers banking products and financial services for retail and corporate customers. It has a large network of 1,500+ branches, 2,350+ ATMs covering 744 locations.
The tagline of Kotak Mahindra Bank is – “Let’s Make Money Simple, Ab Kona Kona Kotak”.
Click here to open a saving account with Kotak Mahindra Bank.
Nainital Bank
Nainital Bank is a scheduled commercial bank. It is a subsidiary of the Bank of Baroda. It was established in the year 1922 to cater to the banking needs of the people of the region. The bank is headquartered in Nainital, Uttarakhand.
Nainital Bank provides personalized services to its customers. At Present, it has a network of 150 branches. These branches operating in Uttarakhand, Delhi, Uttar Pradesh, Haryana, and Rajasthan.
The tagline of Nainital Bank is – “Banking With Personal Touch”.
Click here to visit the Nainital Bank website.
RBL Bank
RBL Bank was formerly known as Ratnakar Bank. It is one of the fastest-growing private sector banks in India. It was founded in the year 1943. Currently, it services over 8.76 million customers. RBL is headquartered in Mumbai, Maharashtra.
RBL offers services under six verticals:
- Commercial Banking
- Branch & Business Banking
- Corporate & Institutional Banking
- Retail Assets
- Development of Banking and Financial Inclusion
- Treasury and Financial Markets Operations.
It has a network of 398 branches, and 402 ATMs spread across the country.
The tagline of RBK Bank is – “Apno ka Bank”.
Click here to visit the RBL Bank website.
South Indian Bank
The next is South Indian Bank in the list of private banks in India. Founded in the year 1929. It has its headquarter at Thrissur in Kerala.
South Indian Bank is the first Kerala based bank to implement Core Banking System (CBS). It has a network of 876 branches, 53 extension counters, and 1,334 ATMs spread across the country.
“Experience Next Generation Banking” is the tagline of South Indian Bank.
Click here to visit the South Indian Bank website.
Tamilnad Mercantile Bank
Tamilnad Mercantile Bank, a private sector bank headquartered at Thoothukudi, Tamil Nadu. As the Nadar Bank, it founded in 1921. Its name changed to Tamilnad Mercantile Bank in November 1962.
At present, it has 509 full-fledged branches all over India, 12 Regional offices, 11 Extension Counters, and 11151 ATMs. All the branches computerized and interconnected.
Tamilnad Mercantile Bank had a vision of extending banking service to the common people of India. Thereby 457 branches out of 509 branches are located at rural, semi-urban, and urban (non-metro) centers.
“Be a step ahead in life” is the tagline of Tamilnad Mercantile Bank.
Click here to visit the Tamilnad Mercantile Bank website.
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YES Bank
YES Bank is one of the top and fastest-growing private sector banks India. It is customer-centric, and service-driven bank. It was founded in the year 2004. The bank’s headquarter is in Mumbai, Maharashtra.
It provides a wide range of products, services, and technology-driven digital offerings, catering to corporate, MSME, and retail customers. It has an extensive network of 1,000+ branches pan India.
YES Bank has a pan-India presence. It also has an IBU at GIFT City and a Representative Office in Abu Dhabi.
The tagline of YES Bank is – “Experience Our Expertise”.
Click here to visit the YES Bank website.
Final Thoughts
I hope this post helps you to know the list of private banks in India. At present, there is a total of 21 private sector banks in India. HDFC Bank is the largest private sector bank in India by assets.
Note: This post was originally published on December 10, 2020 and has been completely updated for accuracy and comprehensiveness.
List of Private Banks in India 2021
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