Though government does not have a stake in these banks, they opereate as per the RBI guidelines. It’s independently owned, with the Hampden Group being a major shareholder. Private banks target their services at high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWs). The Jammu and Kashmir Bank, presently known as J&K Bank, was established in 1938 and had its headquarters in Srinagar (Kashmir). Along with having a significant overseas presence in Dubai, Abu Dhabi, and London, the bank is well-represented in all major Indian cities. The bank employs over 33,582 individuals as a result of its extensive operations.
If you’ve used Paytm Payments Bank or Airtel Payments Bank, you’ve used a payments bank. In mid-2023, the bank also rolled out secure digital custody for cryptographic keys, providing high net worth clients with digital solid asset security. Recently, the Spanish giant upgraded its flagship Banking app, enabling relationship managers in Miami and Switzerland to access client accounts on mobile devices for efficient, on-the-go management. Santander Private Banking’s push for more and better globally integrated offerings has at its forefront a laser-sharp focus on improving its own already-best-in-class digital offering. China’s national bank specialises in a mixture of private, corporate and personal banking.
List of 10 Best Private Banks in India 2025
Explore Easy Global Banking and discover the benefits of international banking in top jurisdictions like Switzerland and Singapore. Its racing heritage makes it a must for wealthy lovers of the horses… though if you are actually in the business you can use Weatherbys Racing Bank, based in Wellingborough, for racehorse owners and bloodstock industry professionals. James Weatherby, a Northumbrian solicitor was appointed by the Jockey Club as secretary in 1770 and soon started publishing a racing calendar. More than two centuries on, the Weatherbys family business acquired a banking licence in 1994. Ratnakar Bank Limited (RBL) was incorporated in Kolhapur, Maharashtra in 1943.
Pictet, for example, partnered with Bangkok Bank to tap into Thailand’s growing wealth sector, using local insight to deepen client relationships. As demand for private equity, hedge funds, and venture capital grows, banks are expanding their advisory capabilities. Bank of Singapore and others now offer access to exclusive, illiquid opportunities that diversify client portfolios and enhance long-term returns. Digital transformation is central to client engagement and operational efficiency. Banks like DBS lead the way with AI-enhanced tools, personalized wealth dashboards, and seamless portfolio tracking.
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Housing Development and Finance Corporation Ltd., well known as HDFC Bank, was established in 1994. HDFC ranks on the list of the largest Indian private banks and offers an extensive range of banking products and services, including loans, credit cards, investments, net banking, and much more. Additionally, HDFC Bank serves millions of happy customers with 7,821 bank branches and 19,727 HDFC ATMs. Altogether, India’s largest private sector bank offers employment to more than 1 lakh individuals. Housing Development and Finance Corporation Ltd., widely recognised as HDFC Bank, was established in 1994, with its headquarters situated in Mumbai.
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Kotak Bank offers Savings and Current Accounts, Salary Accounts, Retail Institutional Accounts, Trading accounts, etc. The presence of several types of FDs and RDs makes investment easier. The opposing view, from Sharmil Patwa, founder of the Opus Una tech transformation consultancy and former director at Barclays Wealth, is that clients require a more holistic approach, well beyond portfolio performance. Few banks are able, however, to offer this with any real quality or conviction.
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These innovations enable banks to deliver smarter, faster, and more secure services to demanding clients. Environmental, Social, and Governance (ESG) investing has become a powerful magnet for new client inflows. Bank of Singapore launched its proprietary ESG framework, “Spring,” developed with WWF Singapore, appealing to socially conscious investors.
- Bank of Singapore launched its proprietary ESG framework, “Spring,” developed with WWF Singapore, appealing to socially conscious investors.
- However, the bank has announced plans to shutter operations in seven markets across Africa and the Middle East (AME) region.
- As we step into 2025, the private banking landscape in India is more competitive than ever, and a few names clearly dominate — both in terms of market presence and investor value.
- The underserved population mainly refers to unorganised businesses, small farmers and other micro businesses.
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- Part of the acclaimed EFG Global family, this firm focuses on cultivating personal relationships with customers to better meet their needs.
- The list of private banks in India is not short, which includes 21 sizable, reputable institutions.
- And all fees for transactions and currency conversions are fully transparent, which is a breath of fresh air considering that many private banks don’t list fees or prices.
- Today, the banking system incorporates 21 private banks in India along with 12 public sector banks, foreign banks, rural banks, cooperative banks, and financial institutions.
Behind HSBC’s dominance on the UK’s list is its global presence, but this is coming under pressure as its largest shareholder, Ping An, wants to split the Asian and Western arms. Quickly compare vetted accounts to see which providers are most appropriate for you. Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015.
At the same time, the composition of global wealth is changing, and that, too, is driving change in this niche. As a new generation of wealth rises, it has brought not only tech-savvy but an increased focus on the threat of climate change and the role of private wealth in building a sustainable future for humanity. Additionally, wealth is truly global, knowing no borders; this brings added complexity to financial products and advisory services. Currently, it is in a buying spree with the purchase of a 75% stake in specialist investment manager Greencoat Capital in a bid to cater to client demand for environmentally positive products. While HSBC is focused on banking assets abroad, Lloyds banking Group is a British behemoth more focussed to the UK domestic market.
Federal Bank offers a wide range of banking services, including personal banking, retail banking, business banking, special banking services for NRI customers, insurance, and loans. The banking services are made accessible through 1,370 branches and 1,950 ATMs. Federal Bank, presently headquartered in Kochi, Kerala, was originally established in 1931 under the name Travancore Federal Bank.
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India’s retail credit market ranks fourth among the largest emerging nations worldwide, with the Reserve Bank of India (RBI) overseeing the sector’s regulatory framework. biggest private banks Housing Development Finance Corporation (HDFC) Bank is India’s largest private bank with a market capitalisation (as of 30th September 2024) of ₹13.17 trillion, as per the National Stock Exchange (NSE). They have a well-rooted network and accessible digital banking options for their customers. Currently, the headquarters of Federal Bank is located in Kochi, Kerala, and was established in the year 1931.
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