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13 Best Banks of India

By SiliconIndia   |   Monday, November 19, 2012   |    7 Comments
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6. Punjab National Bank

Awarded: Priority Sector Lending – Public Sector

This financial services company, Punjab National Bank (PNB) is the third largest bank in India by assets. With 5000 branches across 764 cities, PNB is currently the second largest state-owned commercial bank in India ahead of Bank of Baroda. PNB is also ranked as the 248th biggest bank in the world by the Bankers Almanac, London. Among its other achievements, Punjab National Bank was ranked 26 in the Fortune India 500 ranking of 2011 and 1243rd in the Forbes Global 2000.

7. Yes Bank

Awarded for: Priority Sector Lending - Private Sector

Yes Bank is a private bank, founded by Ashok Kapur and Rana Kapoor. Collectively the duo holds 27.16 percent stake in this bank. YES Bank has received noteworthy national and international recognitions which include Mr. Rana Kapoor, Founder, MD & CEO being recognized as the Entrepreneurial Banker of the Decade (2001-2010) by Bombay Management Association, India's No. 1 New Private Sector Bank in the Financial Express-E&Y Best Banks Survey 2010, India's Fastest Growing Bank of the Year at the Bloomberg UTV Financial Leadership Awards 2011.

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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.

Srinivas
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
5: But where is the CANARA BANK THE MOST TRUSTED BANK OF SOUTHERN INDIA
Posted by:Vinod Nainwal - 19 Nov, 2012
6:
Dot
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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