BANGALORE: In the past some time, the private banks in India have progressed a lot. There was a time when no one used to trust private banks for the banking needs. But, the time has changed now. Many “small” private banks now come in the list of top 10 banks in the country.

With attractive interest rates, and bonus offers, the private banks have got succeeded in attracting customers. The advantage private banks have over the public sector banks is the ‘Service‘factor. The private banks are known for their friendly and speedy service.

Let’s have a look at some of the small private sector banks in India:

1. Jammu and Kashmir Bank

The bank was established on October 1st 1938 and it started business on 1939. Initially it was founded as a semi-state bank exhibiting state influence as well as the public completely controlled by the Government. The bank has developed in the recent past and proves to be the fastest growing financial bank with over 500 offices and branches in the entire republic providing quality banking services and products to the people.

The bank has begun developing mutual trust with the shareholders, borrowers, customers and regulators within the institution centered at achieving efficiency and excellence in proper corporate administration. The bank has total assets of 786.2 billion rupees with capital Adequacy ratio of 12.69. It has 0.22 percent of Net bad loans with 21 percent of return on equity and 1.74 percent on return of assets.