India is fast growing to catch up the most advanced economies of the world. Such a high-paced ecomony needs adequate support from finance sector to maintain the tempo of growth. The role of banks and lending institutions has expanded significantly in the light of increasing demands for low-cost funds and easy financing solutions.
State Bank of India is undoubtedly the largest banking institution with the highest number of branches and ATM centers across the country and in abroad. Despite its popularity among Indian citizens, the bank does not seem to be a favorit of customers when it comes to the quality of services. One can easily see long queues of people in an SBI branch waiting for their turn to deposit amount or transfer money.
ICICI Bank is at the second spot but far behind from the top-ranked SBI in the number of account holders. It is regarded as one of the banks in India that have revolutionized the banking patterns in the country. More particularly, the way it handles customers is setting trends for others to follow.
A close third is HDFC Bank, which has grown in a very little time to catch up the top rankers in the list of top banks in India.
Other banks completing the list of top ten banks in India include the following:
Punjab National Bank (PNB)
Axis Bank
Central Bank of India (CBI)
Syndicate Bank
Oriental Bank of Commerce
Hongkong and Shanghai Bank (HSBC)
Reserve Bank of India
Have I left any bank that should be in the list of top ten Indian banks?
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