Wednesday, May 7, 2014

Trusted banks in India 2014



State Bank of India
SBI is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets



ICICI Bank
ICICI bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. It is headquartered in Mumbai and has a presence in 19 countries.


IDBI Bank
IDBI Bank was established in 1964 by an act of parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is one among the 26 commercial banks owned by the Government of India.


Punjab National Bank
This financial services company was founded in 1895. The bank has over 5,800 branches, more than 6,000 ATMs across 764 cities, and serves over 80 million customers. Punjab National Bank is based in New Delhi.



HSBC Bank
HSBC was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. It is a British multinational banking and financial services company headquartered in London, United Kingdom. HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management; and Global Private Banking.


Kotak Mahindra Bank
Kotak Mahindra Bank is a financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the licence to carry on banking business by the RBI. Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank.


Union Bank of India
Union Bank of India is one of the largest public sector banks of India. All the bank's branches have been networked with its 4129 ATMs and its online telebanking facility is available to all its core banking customers.


Reserve Bank of India
The RBI was established on 1 April 1935 during the British Raj in accordance with the provisions of the RBI Act, 1934. Following India's independence in 1947, the RBI was nationalised in the year 1949 and plays an important part in the development strategy of the Government of India. It is India's central banking institution, which controls the monetary policy of the Indian rupee.


UCO Bank
Uco Bank, formerly United Commercial Bank, was established in 1943 in Kolkata. Its name was changed to UCO Bank, in 1985, by an act of parliament as a bank in Bangladesh existed with the name “United Commercial Bank”, which caused confusion in the international banking arena.


YES Bank
YES Bank is a private bank headquartered in Mumbai. It was founded in 2004 by promoters Ashok Kapur and Rana Kapoor. In 2010, the bank announced the roll-out of a strategic blueprint, named Version 2.0 of the bank, to further accelerate its business growth in the retail banking space, with the objective to achieve by 2015, a balance sheet size of INR 1,500 billion, deposits of INR 1,250 billion, advances of INR 1,000 billion, a pan India network of 900 branches and a human capital base of 12,750 by 2015.


Axis Bank
Axis Bank Limited (formerly UTI Bank) offers financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. It has its headquarters in Mumbai, Maharashtra.


Bank of India
Bank of India is an Indian state-owned commercial bank with headquarters in Mumbai. Government-owned since nationalisation in 1969, Bank of India has 4545 branches as on 31 December 2013, including 54 branches outside India, and about ATMs.


Standard Chartered Bank
Standard Chartered is a British multinational banking and financial services company headquartered in Hong Kong, China. It operates a network of over 1,700 branches and outlets across more than 70 countries with operations in consumer, corporate and institutional banking, and treasury services.


Vijaya Bank
Vijaya Bank is a medium sized Public Sector Bank with presence across India. In 1931, the bank was established by Shri. Attavar Balakrishna Shetty at Bunts Hostel in Mangalore on Vijayadashami Day. The objective was to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina Kannada district in Karnataka State. It became a scheduled bank in 1958.


Bank of Baroda
Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara, Gujarat. It offers a range of banking products and financial services to corporate and retail customers through its branches, specialised subsidiaries and affiliates.


Canara Bank
Canara Bank is an Indian state-owned bank headquartered in Bangalore, Karnataka. As of February 2014, the bank had a network of 4600 branches and more than 5500 ATMs spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, and Dubai.


Saraswat Bank
Saraswat Bank is an urban co-operative banking institution based in Maharashtra that is operating since 1918. In 1988, it was conferred with scheduled status by the RBI and today has 265 branches nationwide.


State Bank of Mysore
State Bank of Mysore is one of the five associate banks of State Bank of India. It was established in 1913 as The Bank of Mysore Ltd. under the patronage of then Maharaja Krishna Raja Wadiyar IV of erstwhile Govt. of Mysore. During 1953, Mysore Bank was appointed as an agent of RBI to undertake Government business and treasury operations, and in March 1960, it became a subsidiary of the State Bank of India under the SBI (subsidiary Banks) Act 1959.


Corporation Bank
Corporation Bank is a public sector banking company headquartered in Mangalore. The bank has pan-India presence with 8,000 functional units comprising 2,012 branches, 2,186 ATMs and 4,000 branchless banking units as of 31 March 2013.


Lakshmi Vilas Bank
Lakshmi Vilas Bank Limited is an Indian bank which is founded in 1926. It got the licence from Reserve Bank of India in 1958 and started its operation as a commercial bank under RBI licence.


UTI Mutual Fund
Unit Trust of India is a financial organization in India, which was created by the UTI Act passed by the Parliament in 1963. For more than two decades it remained the sole vehicle for investment in the capital market by the Indian citizens. UTI Mutual Fund was created as a SEBI registered fund like any other mutual fund.


Citibank
Citibank is the consumer banking division of financial services multinational Citigroup. It was founded in 1812 as the City Bank of New York, later First National City Bank of New York. In addition to standard banking transactions, Citibank markets insurance, credit cards and investment products. Their online services division is among the most successful in the field claiming about 15 million users.


Indian Bank
Indian Bank is a state-owned financial services company headquartered in Chennai. It has more than 2000 branches and is one of the big public sector banks of India.


IndusInd Bank
IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. It offers commercial, transactional and electronic banking products and services. According to the bank, its name is derived from the rich and vivid Indus Valley Civilisation.






source:Yahoo

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