10 Most Preferred Banks By Indians In 2013
8. HSBC Bank
HSBC Holdings is a British based multinational banking and financial services company which is headquartered in London. It is considered as one of the world's largest banks. HSBC is organized within four business groups which include: Retail Banking; Global banking and Markets (investment banking); Commercial Banking and Wealth Management; and Global Private Banking. HSBC India owes one of the lowest bad loan ratios which is around 0.33 percent of the total advances and the bad loan coverage ratio of the bank is at 81.43 percent, which is much higher than the mandatory 70 percent.
9. Ratnakar Bank
Ratnakar Bank, a private bank of India has almost 124 branches and currently is in the process of planning to add another 100 branches by 2015. It is headquartered in Maharashtra? Place?. Its balance sheet has reached up to 
15,000 crore from 2,000 crore nowdays and the number of branches has increased to 160 from 89. From last three years, its advances and deposits have reached to an annual rate of more than 70 percent. Even the gross bad loans are less than one percent of the total advances. The bank is looking for regions away from cities for introducing new branches. While expanding retail loans it will be focusing simultaneously on developing banking and agriculture sector
10. Bank of Nova Scotia
The Bank of Nova Scotia, usually known as Scotiabank, is the third largest bank in Canada when it comes to market capitalization and deposits. It serves almost 55 countries with approximately 21 million customers around the world and offers a variety of products and services which includes commercial, corporate, and personal and investment banking. Scotiabank shares trade on the Toronto and New York stock exchanges with assets of almost $743 billion. In 2013, the bank's deposits in India has moved up to 6,000 crore from 4,600 crore, while net profit is approximately 286 crore from 246 crore.
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