What is the bank ?
Government Banks In India : A bank is a Financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loan, mobilising saver surplus to deficit spenders. Lending activities can be directly performed by the bank or indirectly through capital market.
Top 5 Government Bank In india
India has a modern banking system that can be said to be very efficient. there are several banks in india but there are only a few notable bank that have earned the trust of the citizens.
Now let us look at each of these banks in details. we will learn about the size of the bank, the number of customer, the services offered and much more.
State Bank of India ( SBI )
State bank of india is one of ther biggest public sector bank in india. the bank offers home, personal loans, personal and credit cards, travels cards, and insurance policies,
SBI also deals in education loan, health insurance options, and vehicles and home insurance,
HDFC Bank
HDFC Bank Limited (HDFC Bank), is a leading Private Sector bank and Financial services provider.
it offers outstanding integrated financial products such as retails banking, small savings scheme, asset management and wealth management, and corporate overdraft
ICICI Bank
ICICI Bank Limited is a Leading Financial sevices company in india with extensive domestic and international operations.
it offers loans to individual, entities and corporations for the purchase of homes, building accessories, commerical buisness, automobile needs, personal needs and agriculture requirement. the bank offers service such as foreign exchange, remittance, import/export financial and advisory to trade matters.
Bank of Baroda
Bank of Baroda in one of india’s leading commercial public sector banks with operations in various buisness segments including corporate banking, retails, wholeshle and overseas.
The bank’s solutions include personal banking which include deposit, loans and advance services. trading finance and corporate treasury, and international buisness which include NRI sevices, and foreign currency credits.
AXIS Bank
Axis Bank Limited is India’s Third Largest Private Bank.
the bank’s interests are well spread across the corporate credit market, including large and multinational companies. it also has a strong presence in government securities underwriting and disributions, both in india and overseas. it is also one of the most profitable banks in india with good asset quality ratio.
Read this also : What Is The First Foundation In Personal Finance
How to choose the Best bank in india ?
Let us look at some major points that can help you choose which bank is best in india for you –
- Consider the location of branches an ATMs and their distance from your residential area.
- take note of rates and charges for loans, fixed deposits, ATM transactions etc,
- Consider what services you are most likely to use in a bank and if they offer those.
- see if the bank offers both traditional and digital services for ease for banking.
- talk to others or try to read some reviews or client feedback.
Conclusion : the Largest banks in india have assisted india’s growth by funding small and medium-scale buisness, Providing loans for residential properly and commercial properties, as well as helping individual with their daily life expenses.
Which is india’s Largest Bank ?
as far as assets, value and market Capitalization are concerned, HDFC Bank rank in india.
in india, these three bank SBI, HDFC, ICICI have been declared the safest due to their size.
HDFC Bank is currently india’s largest private bank. the bank’s revenue is 1.68 lakh crores INR.
Depending on the market cap, HDFC Bank is at the top.
#banking #bankingtips