Which Banks Are Not Safe In India?

Which banks are at risk in India?

The novel coronavirus, COVID-19, pandemic has thrown up yet another risk for top Indian banks….BankRetail loansMSME loansICICI Bank50%7%IndusInd Bank36%8%Kotak Mahindra Bank42%15%State Bank of India31%12%3 more rows•Mar 31, 2020.

Which bank is banned by RBI?

People’s Co-operative BankThe Reserve Bank of India (RBI) has imposed a 6-month ban on the People’s Co-operative Bank. The ban has been imposed on the bank due to a weak financial position. Due to this restriction, the bank will no longer be able to take new loans and deposits for the next 6 months.

Which bank is safe for FD?

And these are State Bank of India (SBI), HDFC Bank and ICICI Bank. Only three for now. RBI may add to this list in future as better and stronger banks emerge. So you can say that these are the safest bank for fixed deposit in India.

Which is better SBI or Icici?

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 is the No 1 private bank in India?

1.17 Lakh Crores and a net income of Rs. 21,078 crores in the year 2019, HDFC is one of the leading private banks in India….1. HDFC Bank.Bank ProductsInterest RatesHDFC Home Loan6.95%HDFC Personal Loan10.75%Jul 27, 2020

Which is better HDFC or Icici?

ICICI Bank scored higher in 3 areas: Work-life balance, Culture & Values and % Recommend to a friend. HDFC Bank scored higher in 4 areas: Career Opportunities, Compensation & Benefits, CEO Approval and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Senior Management.

Is HDFC good bank?

I have my salary bank account in HDFC bank for many years, I got my bank statement on time. This bank is available in most of the areas so its very convenience for deposits and update of passbook. I have no issues with the customer support and its been good experience. 0.5 5.0/5 “Blown Away!”

Which is the 2nd largest bank in India?

The government on Friday announced the four major bank mergers, by consolidating Punjab National Bank, Oriental Bank of Commerce and United Bank to create India’s second largest lender; merging Canara Bank with Syndicate Bank to create the fourth largest PSU lender, bringing together Union Bank of India, Andhra Bank …

Which is the safest bank 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.

Is money safe in Yes Bank?

Your money with Yes Bank is absolutely safe, Shaktikanta Das tells depositors. Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday assured all depositors of Yes Bank Ltd that their money is safe and there is no reason to withdraw cash in panic.

Which is the safest bank in the world?

According to Global Finance, the world’s safest banks are:KfW, Germany.Zürcher Kantonalbank, Switzerland.Landwirtschaftliche Rentenbank, Germany.L-Bank, Germany.Bank Nederlandse Gemeenten, Netherlands.Nederlandse Waterschapsbank, Netherlands.BANK, Germany.Caisse des Dépôts et Consignations, France.More items…

Which is best 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

Which is the best bank in India 2020?

Asiamoney best bank awards 2020: IndiaBest Domestic Bank: HDFC Bank.Best Corporate & Investment Bank: Kotak Mahindra Bank.Best International Bank: Citi.Best Digital Bank: Axis Bank.Best Bank for SMEs: ICICI Bank.Best Bank for CSR: Punjab National Bank.Best for Microfinance: Ujjivan Small Finance Bank.

Which bank is richest in India?

Lets us have a look at the Top 10 Largest Banks in India.HDFC Bank.State Bank of India.ICICI Bank.Axis Bank.Kotak Mahindra Bank.IndusInd Bank.Yes Bank.Punjab National Bank.More items…•

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…•