Best Banks in India

August 4, 2022 Husnain Seo

In India, there are a number of banks providing various financial services that you can avail. There are numerous private as well as public sector banks present in the country that provide these financial solutions. These financial services range from loans and advances to fixed deposits and various other types of investment options. Recently, the Indian government announced a merger of all the 27 public sector banks into 12 PSU banks. These 12 PSU banks would be capable of carrying out the financial activities as well as providing investment solutions. Also, you can avail various financial services from Banks in India.

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List of Best Banks in India

Below is a list of the best banks in India, where you can avail financial services. List of best banks are as follows:

Kotak Mahindra Bank

Kotak Mahindra Bank was incorporated in the year 2003, and is now one of the best banks in India. As of 2019, the bank is estimated to have generated a revenue of around INR 28 thousand crore. Kotak Mahindra Bank has more than 1300 branches throughout the country with around 2100 ATMs. The bank generates employment for more than 33000 individuals in the country. Moreover, you can apply for a home loan at 7.50% p.a and a personal loan at an interest rate of 10.99% p.a.

Punjab National Bank

PNB or Punjab National Bank is one of the leading banks in the country. The bank is believed to have a widespread customer base of more than 8 crore customers. Apart from having more than 7000 branches and over 10000 ATMs throughout the country, PNB also has overseas offices in Hong Kong, Dubai, UK, and other parts of the world. PNB offers home loans starting at an interest rate of 7.40% p.a. and personal loans at interest rates starting from 8.45% p.a.

Bank of Baroda

BoB or Bank of Baroda has a huge market capitalisation of over INR 35 thousand crore. Bank of Baroda has over 9500 branches and around 13000 ATMs with over 85000 employees throughout the country. The bank also has overseas branches around different countries. You can apply for a home loan at Bank of Baroda at interest rates starting from 7.45% p.a. and personal loans starting from 9.20% p.a.

Yes Bank

Being established in the year 2004, YES bank still makes it to the list of the best banks in India. In 2019, the bank is estimated to have generated a revenue of INR 25000 crore. Throughout India, YES Bank has over 1100 branches and over 1200 ATMs with the total number of employees being more than 18000. YES Bank offers home loans at affordable interest rates starting from 8.95% p.a. And personal loans at interest rates starting from 10.99% p.a.These are some of the best banks that are available in the country to avail the best financial services. Moreover, you can open a savings account in any of the above banks and take advantage of the saving interest rates on your deposit amounts.