Private Sector Banks
The private-sector banks in India represent part of the Indian banking sector that is made up of private and public sector banks. The “private-sector banks” are banks where greater parts of share or equity are not held by the government but by private share holders.
The private sector banks are split into two groups by financial regulators in India, old and new. The old private sector banks existed prior to the nationalisation in 1969 and kept their independence because they were either too small or specialist to be included in nationalisation. The new private sector banks are those that have gained their banking license since the liberalisation in the 1990s.
The Nedungadi Bank was the first private sector bank in India which was founded in 1899 by Rao Bahadur T.M. (Thalakodi Madathil) Appu Nedungadi in Kozhikode, Kerala.
LIST OF PRIVATE SECTOR BANKS AND THEIR HEADQUARTERS & TAGLINES
| Sl no | Private Sector Banks | Headquarters | Taglines |
|---|---|---|---|
| 1 | Axis Bank Ltd. | Mumbai | Badhti ka naam zindagi |
| 2 | HDFC Bank Ltd. | Mumbai | We understand your world |
| 3 | ICICI Bank Ltd. | Mumbai | Hum Hai na!!; Khyal Apka |
| 4 | Kotak Mahindra Bank Ltd. | Mumbai | Lets make money simple |
| 5 | Yes Bank Ltd. | Mumbai | Experience our expertise |
| 6 | Indusind Bank Ltd. | Mumbai | We make you feel richer |
| 7 | Federal Bank Ltd. | Kochi, Kerala | Your Perfect Banking Partner |
| 8 | Jammu & Kashmir Bank Ltd. | Sri Nagar | Serving to empower |
| 9 | South Indian Bank Ltd. | Thrissur, Kerala | Experience Next Generation Banking |
| 10 | Karur Vysya Bank Ltd | Karur, Tamilnadu | Smart way to Bank |
| 11 | Bandhan Bank Ltd. | Kolkata, West Bengal | Aapka Bhala, Sabki Bhalai |
| 12 | IDFC Bank Ltd. (Newly Licensed in 2014) | Mumbai | |
| 13 | Lakshmi Vilas Bank Ltd. | Tamilnadu | The changing face of Prosperity |
| 14 | Tamilnad Mercantile Bank Ltd. | Tuticorin | Be a step ahead of Life |
| 15 | RBL Bank | Kolhapur | |
| 16 | Karnataka Bank Ltd. | Mangalore | Your family bank across India |
| 17 | ING Vysya Bank Ltd. (Merged with Kotak Mahindra Bank in April 2015) | Bangalore | Jiyo Easy |
| 18 | DCB Bank Limited (Development Credit Bank) | Mumbai |
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