Private Banks Vs Nationalised Banks
In India, Retail banking is very much successful than any other developing countries. Take some private banks for example : ICICI, IDBI, HDFC, Kotak Mahindra etc are not just a Retail banking institutions started. They were started for some different purpose or to render financial services for Home Loan, Consumer finance, Corporate Lending etc.,and in years they have started Retail banking. Not only Private Banks, Multi-National banks like HSBC, CITI Bank, Standard Chartered, ABN Amro etc., are also there in the list, and they are doing a very good business over here. Then we have the Nationalised Banks like State Bank of India, Indian Bank, Punjab National Bank, etc are there in the list, and these Nationalised Banks only have a large customer base.
All the Nationalised banks are operating in the rural areas and the Cities. Whereas very few private banks like Karur Vysha Bank (KVB), Karnataka Bank, Lakshmi Vilas Bank (LVB), operate in the rural areas.
Many other private banks like IndusInd, ICICI, HDFC have started to show their presence in the rural areas. We know that in rural areas its tough to do business since those people won't be looking for all these hi-fi services like ATM, internet