Which is the smallest bank in India?

Which is the first small bank in India?

The Jalandhar-based Capital Local Area Bank Ltd (CLABL) will become the India’s first small area finance bank (SFB) by flagging-off its operations on April 13, 2016. The small bank will launch operations under a new name “Capital Small Finance Bank Limited”.

Which is the largest small finance bank in India?

Here are the top 10 small finance banks in India that offer competitive interest rates for fixed deposits:

  • Ujjivan Small Finance Bank.
  • Jana Small Finance Bank.
  • Equitas Small Finance Bank.
  • AU Small Finance Bank.
  • Capital Small Finance Bank.
  • Fincare Small Finance Bank.
  • ESAF Small Finance Bank.
  • North East Small Finance Bank.

Which is small finance bank in India?

History

Sl.No. Original licensee/promoter Bank name
1 Ujjivan Financial Services Pvt Ltd Ujjivan Small Finance Bank
2 Janalakshmi Financial Services Pvt Ltd Jana Small Finance Bank
3 Equitas Holdings Pvt Ltd Equitas Small Finance Bank
4 Au Financiers India Ltd AU Small Finance Bank

What are small banks in India?

Some of the operational Small Finance Banks in India are as follows.

  • Ujjivan Small Finance Bank.
  • Janalakshmi Small Finance Bank.
  • Equitas Small Finance Bank.
  • A U Small Finance Bank.
  • Capital Small Finance Bank.
  • ESAF Small Finance Bank.
  • Utkarsh Small Finance Bank.
  • Suryoday Small Finance Bank.
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Which private bank is best?

ICICI Bank

It is one of India’s best private banks. Through a number of delivery channels and group entities, ICICI Bank provides a wide range of banking products and financial services to corporate and retail customers. In India’s Top 5 Private Banks, ICICI is ranked second.

Which is top bank in India?

Top 10 Banks in India

  • HDFC Bank.
  • State Bank of India.
  • ICICI Bank.
  • Axis Bank.
  • Kotak Mahindra Bank.
  • IndusInd Bank.
  • Yes Bank.
  • Punjab National Bank.

Which small bank gives highest FD rates?

Small Finance Bank FD Rates

Bank FD Rate of Interest Tenure
Ujjivan Small Finance Bank 2.90 – 6.50% 7 days to 10 years
ESAF Small Finance Bank 4.00 – 6.25% 7 days to 3653 days
AU Small Finance Bank 3.50 – 6.00% 7 days to 120 months
Equitas Small Finance Bank 3.50 – 6.00% 7 days to 10 years

What is full form of Au bank?

Website. www.aubank.in. AU Small Finance Bank Limited is an Indian scheduled commercial bank that was founded as vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017.

What is payment bank and small bank?

Payment Banks can only accept demand deposits and hold up to Rs. 2 lakh per individual, whereas Small Finance Banks can accept all types of deposits, including FDs, RDs, Savings, and Current Accounts. Mutual funds, insurance policies, and other low-risk financial products are allowed to be distributed by Payment Banks.