13 Best Banks of India

By SiliconIndia   |   Monday, November 19, 2012   |    7 Comments
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Bangalore: Dun & Bradstreet (D&B), leading provider of global business information, knowledge and insight, announced and presented the ‘Polaris Financial Technology Banking Awards 2012’ on 24th of August’ 12. Thirteen banks were able to make the cut for the awards of D&B, as reported by

1. HDFC Bank

Awarded for: 1) Overall Best Bank, 2) Best Private Sector, 3) Asset Quality - Private Sector and 4) Retail Banking - Private Sector

Housing Development Finance Corporation Bank or HDFC Bank HDFC Bank is the sixth largest bank in India by assets and the second largest bank by market capitalization as of February, 2012. HDFC was one the first companies to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. Under RBI's liberalization policies, HDFC Bank incorporated as a scheduled commercial bank in January 1995.

HDFC Bank operates in four segments: Treasury, which consists of net interest earnings from the Bank’s investment portfolio; Retail Banking, which serves retail customers through a branch network; Wholesale Banking, which provides loans, non-fund facilities and transaction services and other Banking Business, a segment which includes income from para-banking activities, such as credit cards, debit cards.

Also Read: Top 10 Richest Banks in the World

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Reader's comments(7)
1: in a co-operative Sectors Lokmangal Multistate Co-op society RROCKS .... Interatest Rate is 12% and given a good service in all branches
Posted by:ashwini Kadam - 04 May, 2013
2: HDFC Bank ROCKS. I like their care for customer satisfaction and the service they provide.

Posted by:Srinivas - 29 Jan, 2013
3: Banks really have to speak to Indians in their own language. Citibank is probably the first bank in India to convert their ATM machines across the country to multi-lingual menu ATMs. Citibank phone agents also speak Tamil on request. ICICI is the second best, Tamil-speaking agent can be requested through the English IVR option and call is routed.

In this regard other banks are very poor. Yes Bank for example has its customer support offices only in North India and hence cannot support other languages.

Banks really should serve Indians in their respective languages. For this they need to enable call-routing technology.

The South India based banks - Federal bank, Dhanalaxmi bank, City Union Bank, Karur Vysia bank, Lakshmi Vilas bank are expanding very fast.
Posted by:Gugan G - 18 Dec, 2012
4: The banks mentioned in the article are undoubtedly the best banks of India. Several great names are missing like Canara Bank, Corporation Bank, Jammu and Kashmir Bank, Yes Bank, Kotak Mahindra Bank, Federal bank and others.
Now let us consider some other facts about banks. The EU budget talks have failed. France has been downgraded. Hungary too has been downgraded. The troubled economies in Europe are expecting a double dip recession.
Banks in the West, have been having their tough times, since 2007-2008, that was when the evil recession crept in and played havoc with the western economies. Most western banks were hit hard by the recession and almost all of them reported huge losses. Some of them were at the verge of collapse and probably would have been wiped off but for the bailing out of many of them by the Governments of the European countries and the US.
Recovery has almost eluded the recession hit nations of Europe and America. And the banks are in real bad shape.
The rating agencies have downgraded the European banks several times. Some banks have been downgraded two notches in one go, instead of the usual one notch. The finances of these banks are in such bad shape. After the so called “haircuts”, these banks have become financial junk-shops, with no hopes of any kind of retrieval. Another one or two notches downgrading will take these banks to junk- status ratings.
Indian financial system has remained insulated against all the financial debacles of the west which ensued the recession.
Some of the failed western banks are running their shops in India too. They are no better off than their promoters or associates in those countries.
One wonders what kind of interests a few Indian market participants have in these junk-shops that they are indirectly promoting them by investing in stocks related to them or their associates. This is nothing but asking for trouble for it involves importing of huge risks from those markets to our own, which have been largely insulated and protected by the well founded measures and actions of our regulators.
Posted by:Brahmananda - 24 Nov, 2012
Posted by:Vinod Nainwal - 19 Nov, 2012
Canara Bank is one of the most irresponsible bank in India.
Srinivas Replied to: - 29 Jan, 2013
7: I like this Fact and Figures of all type of PSU and Private financial institutions thats why i like silicon india website and NBT the Hindi Newspaper because both are informative and also giving latest knowledge and fact and figures keep it up silicon india we are with you
Posted by:Vinod Nainwal - 19 Nov, 2012
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