Private sector banks are the banks where greater parts of share
is not held by the government but by private shareholders.
Private Sector Banks–Established———————————–Tag lines.
The Nedungadi Bank was the first private sector bank in India
founded in 1899 by Rao Bahadur T.M. It was first private sector
commercial bank founded at Calicut in Kerala
Axis Bank (1993) Badhti Ka Naam Zindagi
City Union Bank (1904)——-Trust and Excellence since 1904.
Catholic Syrian Bank (1920) Support All The Way.
Dhana Lakshmi Bank(1927) Tann, Mann, Dhan.
D C B Bank (1930) We Value You.
Jammu And Kashmir Bank(1938) Serving to Empower
Karnataka Bank(1924) Your Family Bank across India.
Kotak Mahindra Bank(2001) Let’s make money simple.
Karur Vysya Bank (1916) Smart Way to Bank.
Lakshmi Vilas Bank (1926) The changing face of prosperity.
Nainital Bank (1922) Banking with personal touch.
R B L Bank/Ratnakar Bank Limited.(1943)—————————–Apno Ka Bank.
South Indian Bank (1929) Experience next generation banking.
Tamilnadu Mercantile Bank Limited.(1921)——Totally Motivated Bank.
Yes Bank (2004) Experience our expertise.
Equitas Small Finance Bank (2007)——— It’s Fun Banking.
Jammu and Kashmir Bank —————- Serving to Empower.
H D F C Bank( Housing Development Finance Corporation Ltd)–Estd–(1994)
Tagline——- We Understand Your World.
I C I C I Bank (Industrial Credit and Investment Corporation of India) Estd—–(1994) Tag line—- Khayal Aapka.
I D F C Bank(Infrastructure Development Finance Corporation) Estd:2015
IndusInd Bank (1994)————————————We make money simple.
Federal Bank(1931)——————————-Your perfect Banking Partner
I D B I Bank(1964)———-Banking for all;Aao sochein Bada.
As of January 2019, I D B I has been acquired by L I C and
L I C NOW holds the status of promoter in the Bank;
although L I C holds 51% stake, the Government of India
holds 44% stake in I D B I, hence making the total stake
below 51%. So now I D B I Bank categorize as Private
Bandhan Bank(2015)—-Aapka bhala, sab ki bhalai.
H D F C is the largest private bank in India followed by I C I C I
and Axis Bank.
Current R B I monetary policy rates:-
Reverse Repo rate-6%
Marginal Standing Facility Rate-6.50%
Cash Reserve ratio-4%
Statutory liquidity Ratio-20%
The first bank to introduce A T M in India was
Hongkong and Shanghai Banking Corporation
in 1987, Mumbai.
Central Bank of India was the first public sector
bank to introduce credit card.
I C I C I is the first bank to provide mobile A T M
and also was the first Indian bank to provide internet
Bengal Bank established in 1784 was the first bank
to introduce cheque system.
First bank in India to launch E M I facility on debit
cards-I C I C I Bank.
First Indian bank to set up a branch in China -Axis Bank.
Bank of Hindustan was the first bank of India. It was
established in 1770 and the second bank was General
Bank of India established in 1786. The largest bank
and still the oldest in existence is the S B I. It originated
as the Bank of Calcutta in June 1806.
Mobile banking was started in India by way of S M S
Banking in 2002.