Any country’s banking sector plays an important role in the economic development of the county. The good banking sectors have ethical leadership in them. This leadership not only helps to create a healthy working environment in banks. This makes the investors feel free to invest their money with them.
There are many safe banks in India.
SBI (state bank of India):
The State bank of India is one of the safest banks in public sectors. Much of the shares of banks are owned by the Government of India. On the list of largest banks in the world state bank of India comes on 43rd number. The name of the chairperson of SBI is Denish Kumar. State bank has 24000 branches across 35 other countries. The total number of ATMs is 59,291.
HDFC:
By assets, it is India’s largest private sector bank. According to the 2021 report, it has a total asset of INR 1,746,870 that is approximately $230 billion (US). 120,903 are the total number of employees working there.
ICICI BANK:
The chairperson of the industrial credit and investment corporation bank of India is Sandeep Bakshi. ICICI not only works in the country but also works worldwide. According to the 2020 report, it has a total asset of RS 14 trillion. Industrial credit and investment corporation bank of India has a network of 5288 branches and 13,875 ATMs across the country.
PNB (PUNJAB NATIONAL BANK):
Punjab national bank was established in 1894. It is the oldest bank in the country that is still running successfully. In the public sector, it comes on the 2nd number after State Bank of India. According to the report of 2020, it has a net amount of INR 77949 crore. The services they provide include consumer banking, mortgage loans, private banks, wealth management, credit card, insurance finance, etc. they have also introduced their covid-19 policies.
BOB (BANK OF BARODA):
Bank of Baroda is a safe bank in India. It is also an old bank of India whose first branch was established in Ahmedabad in Mumbai city. It provides satisfactory customer service. It was established in 1908. According to the report of 2020, the Bank of Baroda has 84,283 employees and has a revenue of 458 billion INR that is 6.4 billion US dollars (2021).
AXIS BANK:
Axis bank is a banking and financial sector that was established in 1993. It is working up to a mark so it is ok to say that it is also a safe bank in the country. It has the potential to grow up much better. It works nationally and also internationally.
KOTAK MAHINDRA BANK:
It is a private banking and finance sector working in India. Kotak Mahindra Bank was established in 2003. It has an asset of 31 billion US dollars according to the 2019 report. This banking sector only works nationally. The total number of branches is1500 and the total number of ATMs is 2352. The number of employees is 40,000 plus.
UNION BANK (UBI):
Union Bank of India works in small as well as large cities. They work in villages and small towns also. The number of branches is more than 9300 and the number of ATMs is more than 11800. They are currently serving more than 120 million customers.
