Question: Which Is The No 2 Bank In India?

Which bank is better SBI or HDFC?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020.

Do you lose your money if a bank closes?

The FDIC website states that no insured account has ever lost money.” Even though the Federal Deposit Insurance Corp., or FDIC, has developed a well-oiled process for taking over failed banks, the news of such a takeover can be disconcerting to the bank’s customers. A failed bank doesn’t mean your money is lost.

Which banks in India are closing?

“Nine banks will be closed permanently by Reserve Bank of India. If anybody having transactions in it please withdraw it. The names of the banks are Corporation Bank, UCO Bank, IDBI, Bank of Maharashtra, Andhra Bank, Indian Overseas Bank, Central Bank of India, Dena Bank and United Bank of India.

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 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…•

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which bank is safest in India?

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. … 7) Kotak Mahindra Bank, IndusInd Bank.

How many banks are there in India in 2020?

List of all Public and Private Sector Banks in India 2020. As we know, 10 Public Sector Banks (PSB) were merged with 4 big PSB on 30 August 2019. So now the number of Public Sector Banks in India reduced to 12. On the other hand, the number of Private sector banks is reduced to 22.

Has any bank failed in India?

In India, no scheduled commercial bank has been allowed to go under since liberalisation. … Only cooperative banks have failed here. As per figures from the Deposit Insurance and Credit Guarantee Corporation (DICGC), the cases of about 350 such banks have been settled so far for a payout of Rs 4,822 crore in claims.

Why is SBI the worst bank?

Most of the account holder are not much aware about the banking activities and it result in long process and is one of the reason for their frustrated behaviour. Most of the services as well as government subsidies, work, Job forms etc, Filled only by the sbi which results in more crowd.

Why are Indian banks failing?

The reasons for such failures are quite transparent. In essence, the sloppy regulatory oversights, weak supervision, absence of accountability, susceptibility to misuse by prominent figures and the ineptitude to learn from past mistakes keep adding to the woes of the financial system.

Which is the strongest bank in India?

Top 10 Banks in IndiaRankBank1.HDFC Bank2.Axis Bank3.IDFC Bank4.State Bank of India7 more rows•Aug 16, 2019