YES bank is probably the youngest bank in the list and was established in 2004. This bank has high standards of quality and aims to become the bank of the young generation of India. In spite of being a new bank, this institution has been able to spread successfully across the whole country. At present [...]
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As far as private banking is concerned, Axis bank is the first private bank in the country to have gained the permission to function as a private bank from the Reserve Bank of India. Private banking started in India in 1994 and this bank was then established in the country. The bank as on June [...]
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The Kotak Mahindra Bank is a fairly new bank compared to other national and private banks in the country. The bank was established in 1985 and was formerly known as the Kotak Mahindra Finance Ltd. The Reserve Ban k of India issued license to this non banking financial institution in 2003 to carry on banking [...]
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This bank named itself after the Indus Valley Civilization and strives to maintain the honor and dignity that the civilization is associated with. The bank was established by the popular Hinduja group and was inaugurated by the present prime minister of India, Dr. Manmohan Singh in 1994. The bank started with a large capital base [...]
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This is the second largest bank in the country and has ownership of assets amounting to more than 91 billion U.S dollars. The bank has a strong network of 2533 branches across the country and also 6700 ATMs. The number of items is only second to the State Bank of India and the customers can [...]
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HDFC bank stands for Housing Development Finance Corporation. This bank is a private bank, but regarded as one of the best banks in India – especially when it comes to housing finance. The bank started in India in 1977 and till date has managed to remain the market leader in housing development financial systems. The [...]
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The Development Credit Bank was established in 1930 and has 80 branches spread across the whole country. The bank gets its funding from Aga Khan Fund for Economic Development and this holds 23% of the stakes of the bank. The foundation is big enough, but the bank is still young in terms of the assets [...]
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The Centurion Bank had a strong presence in the Indian private banking sector and had more than 5000 employees and 403 branches across the whole country. The stocks from Centurion bank are listed in major Indian stock exchanges and also in the Luxembourg stock exchange. The bank acquired the Bank of Punjab in 2005 to [...]
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The bank of Punjab was established in 1989 and soon went on to become a scheduled commercial bank in 1994. The bank has more than 273 ATMs spread across the nation and offers all kinds of banking services to its account holders. Recently in 2005 the bank has been acquired by the Centurion bank and [...]
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The banking revolution started in India right during the Swadeshi movement and it was then that most banks in the country were developed to avoid the British from taking away all banking profits to their country. The Catholic Syrian Bank was established in 1920 in Trissur. This place later became one of the hot spots [...]
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