Private Sector Banks and their Headquarters

In government exams like SSC, Banking, Railways, etc we find many questions from the Banking section, especially from banks and their headquarters. This section is a part of the general awareness paper. Here we are going to provide comprehensive coverage of this section so that students can learn and get most of the questions correct in this section. In this article, we will discuss Private Sector Banks and  Payment Banks.

Private Sector Banks :

Private sector banks are those banks, wherever any individual or private corporations own a significant part of the bank’s equity. Although these banks follow the nation’s central bank’s guidelines, however, they’ll formulate their freelance monetary strategy for the customers. An outsized part of these banks are listed on the exchange and anyone should buy a major part of these banks’ shares from the stock market.

Most private sector banks are terribly agile in their financial strategy. These banks can create a fast financial call in line with the market condition. For this reason, interest rates fluctuate quickly on each deposit and loan. they provide reliable services to the clients. They additionally offer varied made-to-order services to the customer to fulfill their individual monetary needs. Employees work significantly to satisfy the customer’s financial requirements.

Here is the list of private sector banks working in India :

Bank Name	Headquarter	Tagline	MD/CEO
IDFC Bank	Mumbai	Banking Hatke	V. Vaidyanathan
IndusInd Bank	Mumbai	We make money simple	Sumant Kathpalia
Jammu and Kashmir Bank	Srinagar	Serving to Empower	Baldev Prakash
Karnataka Bank	Mangalore	Your family bank across India	Mahabaleshwara M. S
Kotak Mahindra Bank	Mumbai	Let’s make money simple	Uday Kotak
Karur Vysya Bank	Tamilnadu	Smart way to bank	B Ramesh Babu
Lakshmi Vilas Bank	Tamilnadu	The Changing Face of prosperity	Subramanian Sundar
Nainital Bank	Nainital	Banking with personal touch	Dinesh Pant
RBL Bank	Maharashtra	Apno ka Bank	R Subramaniakumar
South Indian Bank	Kerala	Experience next generation banking	Murali Ramakrishnan
Tamilnad Mercantile Bank	Tamil Nadu	Be a step ahead of life	K V Rama Moorthy
Yes Bank	Mumbai	Experience our expertise	Prashant Kumar
Axis Bank	Mumbai	Badhti Ka Naam Zindagi	Amitabh Chaudhry
Bandhan Bank	Kolkata	Aapka Bhala, Sabki Bhalai	Chandra Shekhar Ghosh
Citi Union Bank	Tamilnadu	Trust and Excellence since 1904	Dr. N. Kamakodi
Catholic Syrian Bank	Thrissur	Support all the way	C. VR. Rajendran
Dhanlaxmi Bank	Thrissur	Tann. Mann. Dhan	J K Shivan
DCB Bank	Mumbai	We Value You	Murali M. Natrajan
Federal Bank	Kerala	Your perfect banking partner	Shyam Srinivasan
HDFC Bank	Mumbai	We understand your world	Sashidhar Jagdishan
ICICI Bank	Mumbai	Khayaal Aapka	Sandeep Bakhshi

Frequently Asked Questions (FAQs) :

Que 1. Which is the largest Private Sector Bank in India by revenue?
Ans. HDFC bank.

Que 2. What is the difference between Public sector Bank and Private sector Bank?
Ans. In Public Sector Banks , majority of shareholding owned by Government of India where as in Private Sector Banks, majority of shareholding owned by a private firm or an individual.

Que 3. How many Private sector Banks working in India?
Ans. At present 21 Private Sector Banks working in India.

Que 4. Who Owned the Private Sector Bank?
Ans. Any Individual or Any Organization.

Que 5. What is Cash Reserve Ratio (CRR)?
Ans.  CRR is the minimum amount as specified by the RBI should  maintained by the Commercial banks of the public deposits with the RBI.

Que 6. Where is Headquarter of Axis Bank located?
Ans. Mumbai.

Que 7. “Aapka Bhala, Sabki Bhalai” is the Tagline of which Bank?
Ans. Bandhan Bank.