Question: Which Is The Safest Bank In India 2020?

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 is better SBI or HDFC?

HDFC Bank has always been one of the most premium valued banks in India. The stock trades as high as three to four times the book value. SBI, on the other hand, has had a value range of one or two-time book value at best….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Which is the 2nd largest bank in India?

1) Oriental Bank of Commerce (OBC) and United Bank of India will be merged into Punjab National Bank (PNB). After the merger, these together will form the second-largest public sector bank in the country, after State Bank of India (SBI).

Which bank is the richest?

The Industrial and Commercial Bank of China LimitedThe Industrial and Commercial Bank of China Limited is the wealthiest bank in the world according to market capitalization. It is also ranked as the largest bank in the world when rated by total assets.

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Which bank is in loss in India?

For instance, Allahabad Bank reported a loss of ₹2,114 crore, Indian Overseas Bank ₹2,253.6 crore and UCO Bank ₹892 crore. These overshadowed the ₹3,011.73-crore profit of State Bank of India (SBI), Bank of Baroda with ₹736.68 and Punjab National Bank at ₹507 crore.

Is IndusInd Bank Safe 2020?

The bank is working with the customers to reassure them against potential risks, IndusInd Bank said in a regulatory filing late on Tuesday. “We are engaging with them to reiterate the stance of the regulator that government deposits in all private sector banks are safe,” the bank said.

Who is owner of IndusInd Bank?

Hinduja GroupIndusInd Bank/Owners

What’s wrong with IndusInd Bank?

The share price of Indusind Bank crashed by 87 per cent touch a low of Rs235 on March 24 from a 52-week high of Rs1,822 in April 2019. … As on date the market-cap of Indusind Bank stood at over Rs28,000 crore even though it had a pre tax revenue of more than Rs 22,000 crore.

What is wrong with IndusInd Bank?

Asset Quality Stress is Inevitable Due to COVID-19 Lockdown IndusInd was one of the banks which had significant exposure to IL&FS, of around Rs 3,000 crore. … The other grey area is the bank’s exposure to the telecom sector. IndusInd has about Rs. 3,400 crore exposure to crisis-ridden Vodafone Idea.

What is the salary of HDFC Bank?

Average Salary for HDFC Bank Pvt Ltd Employees in India HDFC Bank Pvt Ltd pays its employees an average of ₹519,712 a year. Salaries at HDFC Bank Pvt Ltd range from an average of ₹208,657 to ₹1,320,198 a year.

Is Icici better than SBI?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of ICICI Bank Home Loan is 6.90%, which is lower than the lowest interest rate of SBI at 6.95% and hence, ICICI Bank is offering a cheaper loan option.

Which account is best in SBI?

SBI’s savings bank account A savings bank account is a basic account that safeguards customer’s money. SBI pays an interest rate of 3.5 per cent per annum on saving deposits balance up to Rs. 1 crore. Saving deposits balance above ₹ 1 crore pays 4 per cent per annum interest rates.

Which is the best bank in India 2020?

Best Public Sector (PSU) Banks in India 2020List of PSU BanksNumber of BranchesNumber of ATMsState Bank of India (SBI)2400058559Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India)114378985Bank of Baroda131539583Canara Bank (With Merger of Syndicate Bank)8801103428 more rows

What bank is the safest to put your money?

1. Wells Fargo & CompanyWells Fargo & Company (NYSE:WFC) is the undisputed safest bank in America, now that JP Morgan Chase & Co.

Which is the richest bank in India?

Here is the list of top 6 biggest public sector banks (PSBs) in India in 2019 in terms of market capitalization.HDFC Bank Ltd. … State Bank of India (SBI) … ICICI Bank Ltd. … Kotak Mahindra Bank Ltd. … Axis Bank Ltd. … IndusInd Bank Ltd.

Who is best bank in India?

Summary of Best Banks to Buy now in IndiaSr. No.Company NameRating (Stars)1HDFC Bank Ltd.4.52Kotak Mahindra Bank Ltd.43ICICI Bank Ltd.44Axis Bank Ltd.414 more rows•Sep 1, 2020