13 Best Banks of India


4. Axis Bank

Awarded for: Fastest Growing Large Bank

Axis Bank is a financial services firm which began operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company.

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established.

5. Allahabad Bank

Awarded for: Long Standing Performer - Priority Sector Lending

Allahabad Bank began operations in 1865, with its head-quarters in Kolkata. This bank is said to be the oldest joint stock bank in India. As of 31 March 2012, the bank has over 2500 branches throughout India. The Chairman and Managing Director of the bank is Shubhalakshmi Panse. Shri T.R Chawla is the senior Most Executive Director of the Bank. The bank has a branch in Hong Kong and a representative office in Shenzen.

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