Quick Answer: Why Is HDFC The Best Bank?

Which is the best bank in India 2020?

Below is the list of top 10 banks in India:HDFC Bank.

HDFC Bank ranks number 1 among the best banks in India today.

Axis Bank.

Axis Bank ranks number 2 among the best banks in India today.

State Bank Of India.

State Bank Of India ranks number 3 among the best banks in India today.

IDFC.

Bank of Baroda..

Which private bank is best?

Top 10 Best Private banks in India 2021Bank NameTotal BranchesTotal ATMsHDFC Bank5,31413,514ICICI Bank5,32415,688Axis Bank4,52812,044Kotak Mahindra Bank1,6002,5196 more rows•Jan 4, 2021

Which bank is safest in India?

Sometime back, I had written a post on which are safe banks for fixed deposits in India. In the post I wrote that most Indian banks are safe for most of the times as RBI does its job fairly well and hence, problems if any are more or less very rare….These are:State Bank of India (SBI),HDFC Bank, and.ICICI Bank.Nov 18, 2020

Is HDFC Bank in financial trouble?

HDFC Bank stands out in India’s struggling financial sector. Its gross bad loan ratio has held steady at around 1.4%, while rivals have been forced to caution by growing stress among once-reputed companies, developers and shadow lenders.

Is HDFC bigger than SBI?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Which HDFC account is best?

Benefits / ProductSavingsMax Account (Our Premium Product)Women’s Savings AccountPayable-at-par ChequebookYesYesAverage Monthly Balance (AMB)Rs 25,000Rs 10,000 ( Urban/Metro) Rs 5,000 ( Semi-urban/Rural branches)Non-maintenance chargesClick here to know moreClick here to know more24 more rows

Is HDFC Bank a good bank?

I am using HDFC Bank Salary account for the past 8 years and the net banking, mobile banking service is good which I used to check all transactions details. Banking service is also comfortable and good. Each transaction is safe and using this account much frequently. 0.5 4.5/5 “Excellent!”

Is Axis good bank?

Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2009-13) 37% in Net Profit with a balance sheet size of Rs. 3,40,561 crores as on 31st March 2013 subscribed and paid-up equity capital of Rs. 469.19 crores, constituting 46,91,89,786 equity shares of Rs.

Which bank is safe for FD?

3. Top 15 Banks and Their Interest RatesBank ListFor Regular Customers (% p.a.)For Senior Citizens (% p.a.)HDFC Bank3.00% – 6.00%3.50% – 6.50%Kotak Bank3.00% – 5.60%3.50% – 6.10%IDBI Bank3.10% – 5.90%3.60% – 6.40%ICICI Bank3.25% – 5.75%3.75% – 6.25%11 more rows•Jan 4, 2021

What is the safest bank to put your money in?

The 8 Safest Banks With an Extra Account ProtectionBanksMoney Guaranteed Against Unauthorized AccessChasexCharles SchwabxCitibankxHSBC Bankx4 more rows•Mar 1, 2021

Who is owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations

Is federal bank safe in India?

So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be ‘safe’, while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.

Which is best bank HDFC or Icici?

ICICI Bank scored higher in 5 areas: Career Opportunities, Work-life balance, Culture & Values, CEO Approval and % Recommend to a friend. HDFC Bank scored higher in 2 areas: Compensation & Benefits and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Senior Management.

Which bank is best?

Top 10 Banks in IndiaRankBank1.HDFC Bank2.Axis Bank3.IDFC Bank4.State Bank of India7 more rows

Who is the No 1 bank in India?

HDFC BankAs per Forbes World’s Best Bank survey, HDFC Bank is ranked No. 1 bank by customers in India.

Is HDFC better or Axis Bank?

But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%….People Also Look For.Home Loan Interest Rates April 2021Citibank6.65% – 7.40%HDFC6.70% – 8.00%ICICI Bank6.70% – 8.05%Indiabulls Housing Finance Limited8.65%9 more rows

Who is the richest bank in India?

As of March 2021, HDFC Bank was the leading Indian private bank with total assets over 15 trillion Indian rupees. Within the banking sector, HDFC bank comes second after the public State Bank of India which is worth nearly 40 trillion Indian rupees in terms of assets during the same time period.

Is HDFC Bank Safe?

1) HDFC Bank If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. At over Rs 11 lakh crore market capitalisation, it tops the chart, even if its assets are just a fifth of the largest Bank in the country.

Which bank is better HDFC or federal bank?

HDFC Bank offers lower Personal Loan EMI at 2149 on a Personal Loan for 60 Months as compared to Federal Bank with a minimum EMI of 2608 for 48 Months. Average customer ratings for HDFC Bank is currently at 4.5/5.0 which makes it a good choice for taking a Personal Loan.