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All the banks in India were earlier private banks.

They were founded in the pre-independence era to cater to the banking needs of the people. But after nationalization of banks in 1969 public sector banks came to occupy dominant role in the banking structure. Private sector banking in India received a filip in 1994 when Reserve Bank of India encouraged setting up of private banks as part of its policy of liberalization of the Indian Banking Industry. Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.
Private banking in India was practiced since the begining of banking system in India. The first private bank in India to be set up in Private Sector Banks in India was IndusInd Bank. It is one of the fastest growing Bank Private Sector Banks in India. IDBI ranks the tength largest development bank in the world as Private Banks in India and has promoted a world class institutions in India.

The first Private Bank in India to receive an in principle approval from the Reserve Bank of India was Housing Development Finance Corporation Limited, to set up a bank in the private sector banks in India as part of the RBI's liberalisation of the Indian Banking Industry. It was incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and commenced operations as Scheduled Commercial Bank in January 1995.

ING Vysya, yet another Private Bank of India was incorporated in the year 1930. Bangalore has a pride of place for having the first branch inception in the year 1934. With successive years of patronage and constantly setting new standards in banking, ING Vysya Bank has many credits to its account.

List of Private Banks in India Bank of Punjab Bank of Rajasthan Catholic Syrian Bank Centurion Bank City Union Bank Dhanalakshmi Bank Development Credit Bank Federal Bank

HDFC Bank ICICI Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Laxmi Vilas Bank South Indian Bank United Western Bank UTI Bank

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and longterm project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE. After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities

for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast talent pool of ICICI and its subsidiaries. In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its whollyowned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity. ICICI Bank is India's second-largest bank with total assets of Rs. 4,062.34 billion ($91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion ($1,155 million) for the year ended March 31, 2011. The Bank has a network of 2,535 branches and 6,810 ATMs in India, and has a presence in 19 countries, including India. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Their UK subsidiary has established branches in Belgium and Germany. ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE). Services offered by the company: Deposits Loans Cards Investments & Insurance Demat NRI Services

Money Transfer Bank Accounts Investment Home Loans Insurance Loans against FD Achievements/ recognition: 2011

The bank tops the list of 'Most Trusted Private Sector Bank' and ranks 10th in the list of 'India's Most Trusted Service Brands' by Brand Equity, Most Trusted Brands 2011 The bank received the Best Manpower Efficient Award amongst private sector banks by FICCI ? IBA The bank won the Best Local Bank ? Gold by Trade and Forfaiting Awards, UK

The bank was awarded The Asset Triple A Awards, Hongkong for - Best domestic transaction bank (India), For 6th consecutive year won the best domestic trade finance bank (India), Best domestic cash management bank (India), Best e-Commerce Bank (India), and Best SME Bank (India)

The bank is the only Indian brand to figure in the BrandZ Top 100 Most Valuable Global Brands Report 2011, second year in a row. The bank ranked 5th in the list of '57 Indian Companies', and 288th in World Rankings in Forbes Global 2000 list The bank has won the 'Banking Technology Awards 2010' at The Indian Banks Association in the following categories - Best Financial Inclusion Initiative' (first prize), Best Online Bank ( runner up), Best use of Business Intelligence ( runner up) and Technology Bank of the year ( runner up)

The bank was recognized for its Special Citation of the Fully Electronic Branch Service Channel, first set up at Hiranandani Estate, Thane, at the Financial Insights Innovation Awards held in conjunction with Asian Financial Services Congress For the second year in a row, the bank was ranked 70th in the Brandirectory league tables of the world?s most valuable brands by, The BrandFinance Banking 500. ICICI Bank UK, HiSAVE product range has been awarded the Consumer Moneyfacts Awards 2011 for the 'Best Online Savings Provider' The bank ranked second in the financial services sector in Business World?s, ??Most Respected Company Awards 2011' The bank was ranked 1st in the Banking and Finance category and 9th in the '2010 Best Companies To Work For' by Business Today 2010

The bank awarded the most Tech-friendly Bank award by Business World The bank was voted as the Most Trusted Brand among private sector banks in the 2010 Economic Times - Brand Equity Most Trusted Brands Awards and ranked 7th in the list of Top 50 service brands The bank received the 2010 World Finance UK award for - Excellence in remittance business, Worldwide, Excellence in NRI Services, Worldwide, Excellence in private banking business, APAC Region ICICI Bank UK, HiSAVE has been awarded 'Best Online Savings Account Provider 2010 ' by Your Money, direct consumer awards, UK ICICI Bank UK, HiSAVE has been commended for 'Best Internet Account Provider 2010' and 'Best Fixed Rate Account Provider 2010' by Moneyfacts, an independent consumer finance leading aggregator For the sixth time in a row, The bank has received the Most Preferred Auto Loan Brand in the Financials Services category at the CNBC Consumer Awards The bank has won Gold in the Readers Digest Trusted Brands 2010 Consumer award in the Finance category for a) Best Bank and b) Best Credit Card Issuing Bank The bank won the Best Trade Finance Bank and Best Foreign Exchange Bank, India at the Finance Asia Country Awards for Achievement, Hong Kong The bank won the Best Local Bank by Trade and Forfaiting Review, UK The bank received the Best Trade Finance Bank in India by The Asset Triple A Award, Hong Kong The bank was awarded the Best Trade Finance Bank in South Asia by GTR (Global Trade Review), UK The bank amongst the top 3 to receive the FE- EVI Green Business Leaders Award, in the banking industry The bank wins the Asian Banker Award for Best Banking Security System The bank is the first and the only Indian brand to be ranked as the 45th most valuable global brand by BrandZ Top 100 Global Brands Report. The bank ranked 1st in the term money category, from a list of 38 leading Banks by the German magazine, Euro. Since commencement of business two years ago in the German market, this is the 5th certification/award including

2 certifications from Stiftung warrenttest (for Savings and Term Deposits) and three 'Best Bank' rankings by Euro

magazine. Forbes' 2000 most powerful listed companies' survey ranked The bank 4th among the Indian companies and 282nd globally. The bank was awarded The Asian Banker Achievement Award 2009 for Cash Management in India. ICICI Group Global Private Clients (GPC) has won the coveted 'Euromoney Private Banking Award 2010' for Best Bank in the Super-Affluent Category ($500,000 to $1 million) - India. The bank wins the Asian Banker Award for Excellence in SME Banking 2009 The bank won the second prize in the Six Sigma Excellence Awards, conducted by Indian Statistical institute, Bangalore for 'Improving Sales for TV Banking business' 2009

ICICI Bank Mobile Banking was adjudged 'Best Bank Award for Initiatives in Mobile Payments and Banking' by IDRBT, on May 18, 2009 in Hyderabad. ICICI Bank's b2 branchfree banking was adjudged 'Best E-Banking Project Implementation Award 2008' by The Asian Banker, on May 11, 2009 at the China World Hotel in Beijing. ICICI Bank bags the ??Best bank in SME financing (Private Sector)?? at the Dun & Bradstreet Banking awards 2009. ICICI Bank NRI services win the ??Excellence in Business Model Innovation Award?? in the eighth Asian Banker Excellence in Retail Financial Services Awards Programme. ICICI Bank's Rural Micro Banking and Agri-Business Group wins WOW Event & Experiential Marketing Award in two categories - ??Rural Marketing programme of the year?? and ??Small Budget On Ground Promotion of the Year??. These awards were given for Cattle Loan 'Kamdhenu Campaign' and 'Talkies on the move campaign' respectively.

ICICI Bank's Germany Branch has been certified by ??Stiftung Warrentest??. ICICI Bank is ranked 2nd amongst 57 savings products across 19 banks ICICI Bank Germany won the yearly banking test of the investor magazine euro in the ??call money?? category. The ICICI Bank was awarded the runner's up position in Gartner Business Intelligence and Excellence Award for Asia Pacific for its Business Intelligence functions. ICICI Bank's Organisational Excellence Group was recently awarded ISO 9001:2008 certification by TUV Nord. The scope of certification comprised processes around consulting and capability building on methods of quality & improvements. ICICI Bank has been awarded the following titles under The Asset Triple A Country Awards for 2009: Best Transaction Bank in India Best Trade Finance Bank in India Best Cash Management Bank in India Best Domestic Custodian in India ICICI Bank has bagged the Best Cash Management Bank in India award for the second year in a row. The other awards have been bagged for the third year in a row. ICICI Bank Canada received the prestigious Canadian Helen Keller Award at the Canadian Helen Keller Centre's Fifth Annual Luncheon in Toronto. The award was given to ICICI Bank its long-standing support to this unique training centre for people who are deaf-blind. ICICI Bank wins World Finance 2009 Banking Awards for Best NRI Services Bank.

ICICI Bank wins Asset Triple A Investment Awards for the Best Derivative House, India. In addition ICICI Bank were Highly commended, Local Currency Structured product, India for 1.5 year ADR GDR linked Range Accrual Note. Milestones

October 25, 2010 - ICICI Bank and American Express Global Network Services Launch ICICI American Express Prepaid Travel Card October 06, 2010 - The bank launches website in Hindi September 30, 2010 - ICICI Bank has launched its first retail branch in Singapore, setting the stage for its next phase of growth August 13, 2010 - Amalgamation of Bank of Rajasthan Ltd. with ICICI Bank Ltd

Axis Bank established in 1993 was the first of the new private banks to have begun operations in 1994 after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank as on 30th June, 2011 is capitalized to the extent of Rs. 411.88 crores with the public holding (other than promoters and GDRs) at 52.87%. Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. The Bank was set up with a capital of Rs. 115 crore, with UTI contributing Rs. 100 crore, LIC - Rs. 7.5 crore and GIC and its four subsidiaries contributing Rs. 1.5 crore each. Erstwhile Unit Trust of India was set up as a body corporate under the UTI Act, 1963, with a view to encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from 1st February 2003. In accordance with the Act, the Undertaking specified as UTI I has been transferred and vested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages assured return schemes along with 6.75% US-64 Bonds, 6.60% ARS Bonds with a Unit Capital of over Rs. 14167.59 crores. The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on 31st March, 2011). The Bank has a network of over 6270 ATMs (as on 31st March, 2011) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. Axis Bank entered a deal in November 2010 to buy the investment banking and equities units of Enam Securities for $456 million. Axis Securities, the equities arm of Axis Bank, will merge with the investment banking business of Enam Securities.As per the deal, Enam will demerge its investment banking, institutional equities, retail equities and distribution of financial products, and non-banking finance businesses and merge them with Axis Securities. Services offered by the bank:

Personal Banking Corporate Banking NRI Banking Priority Banking VBV - Online purchases using Credit Card VBV / MSC - Online purchases using Debit Card Milestones:

Nov-10- Axis Bank enters a deal to buy the investment banking and equities units of Enam Securities April-09 -Board of the bank recommended the appointment of Shikha Sharma, head of ICICI Prudential?? Life Insurance Co. Ltd, as its managing director and chief executive officer. Mar-08 - Axis Bank launches Platinum Credit Card, India's first EMV chip based card Dec-07 - Axis Bank gets AAA National Long-Term Rating from Fitch Ratings Sept-07 - Axis Bank ties up with Banque Priv??e Edmond de Rothschild Europe for Wealth Management July-07 - UTI Bank re-brands itself as Axis Bank July-07 - UTI Bank successfully raises USD 1050 million July-07 - UTI Bank ties up with Tata Motors Ltd. for Car Loans June-07 -UTI Bank's expansion into Asia supported by FRS May-07 - UTI Bank launches 'Spice Rewards' on the bankcards - India's first-ever merchant-supported rewards program April-07 - UTI Bank opens a Financial Services Category I Branch in the DIFC in Dubai Mar-07 - UTI Bank ties up with Hyundai Motor India Ltd. for Car Loans Mar-07 - UTI Bank ties up with IIFCL to provide finance for infrastructural projects in the country Mar-07 - UTI Bank launches Car Loans in association with Maruti Udyog Ltd Mar-07 - UTI Bank opens a Full Licence Bank Branch in Hong Kong Feb-07 - Finance Minister Shri P. Chidambaram Launches Shriram - UTI Bank Co - Branded Credit Card Exclusively For Small Road Transport Operators (SRTOS) Feb-07 - UTI Bank announces the launch of its Meal Card Feb-07 - UTI Bank announces the launch of its Gift Card Feb-07 LIC Premium payment now through UTI Bank Branches Jan-07 - UTI bank opens Priority Banking branch in Mumbai and Kolkata Nov-06 - UTI Bank opens Priority Banking Lounge in Pune Sep-06 - UTI Bank launches operations of UBL Sales, its Sales Subsidiary - Inaugurates its first office in Bangalore Aug-06 - UTI Bank announces the launch of its Credit Card Business Aug-06 - UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market Aug-06 - UTI Bank Business Gold Debit Card MasterCard Launched - Designed for business related spending by SMEs and self employed professionals Aug-06 - UTI Bank announces the scheme of issuance of 'Senior Citizen ID Card' in association with Dignity Foundation Aug-06 - UTI Bank rolls out its 2000th ATM July-06 - UTI Bank opens Representative Office in Shanghai May-06 - UTI Bank and LIC join hands to launch an Annuity Card for group pensioners of LIC May-06 - UTI Bank ties up with Geojit Financial Services to offer Online Trading service to its customers Apr-06 - UTI Bank opens its first international branch in Singapore

Jan-06 UTI Bank and UTI Mutual Fund to launch a new service for sale and redemption of mutual fund schemes through the Bank's ATMs across the country Dec-05 - UTI Bank wins International Financing Review (IFR) Asia 'India Bond House' award for the year 2005 Oct-05 - UTI Bank extends banking services to the rural milk producers in Anand and Kheda districts in Gujarat July-05 - UTI Bank and Visa International launch Mobile Refill facility - Anytime, Anywhere Pre-Paid Mobile Refill for all Visa Cardholders in India May-05 - UTI Bank and Bajaj Allianz join hands to distribute general insurance products Apr-05 - UTI Bank launches Smart Privilege - a special bank account designed for women Mar-05 - MTNL ties up with UTI Bank for payment of telephone bills through the Bank's ATM network Mar-05 - UTI Bank gets listed on the London Stock Exchange, raises US$ 239.30 million through Global Mar-05 - Depositary Receipts (GDRs) Feb-05 - UTI Bank appointed by Government of Karnataka as the sole banker for the Bangalore One (B1) project Feb-05 - UTI Bank launches a powerful version of Kisan Credit Card Jan-05 - UTI Bank ties up with Remit2India to launch the Remittance Card Mar-04 - UTI Bank enables premium payment of LIC policies through its ATMs. Feb-04 - Bilateral arrangement between State Bank of India (and its 7 associate member banks) and UTI Bank comes into force with the commencement of operations (as on 3rd February '04) of the combined network of over 4000 ATMs Feb-04 - UTI Bank (by pursuing a proactive strategy of forging bilateral agreements and being a progressive player in the multi-lateral consortiums for shared ATM network) offers its customers access to over 7000 ATMs across the country - the largest to be offered by any bank in India so far.

Dec-03 - Bank inaugurated its ATM at Thegu near the Nathula Pass in Sikkim. This ATM is at the highest altitude in India. Sep-03 - The Bank's ATMs across the country crosses the thousand mark Sep-03 - Bank launches the Travel Currency Card. Aug-03 - The Bank's Debit Card crosses the one million mark. Aug-03 - Total Advances cross Rs 7,000 Crore. May-03 - Bank declares a net profit of Rs 192.18 crores for FY03, a growth of 43% over the previous year Mar-03 - Bank signs Agreement with Employees Provident Fund Organization (EPFO) for disbursement of Pension Mar-03 - Bank crosses the 800 ATM mark Mar-03 - The Bank issues 3,83,62,834 fully paid up equity shares totaling to Rs. 164.00 crores, through a Mar-03 - Preferential offer to Life Insurance Corporation of India (now constituting 13.54% of Mar-03 - The Bank's expanded equity), Citicorp Banking Corporation, Bahrain (holding 3.84%), ChrysCapital I, Mar-03 - LLC, Mauritius (holding 3.84%) and Karur Vysya Bank Ltd.(constituting 1.00%) The Bank also Mar-03 - Increases the authorised share capital of the Bank from Rs. 230 crores to Rs. 300 crores. Feb-03 - Bank, in a pioneering move, launches the AT PAR Cheque facility, free of cost, for all its Savings Bank customers. Feb-03 - Bank wins mandate to set up 14 ATMs at the Western Railway stations along the Mumbai division. Oct-02 - Bank launches Corporate iConnect? - the Internet Banking facility for Corporates Aug-02 - Bank signs MoU with BSNL regarding bill collection services across the country through both online and offline channels. Apr-02 - Bank opens its 500th ATM Mar-02 - Deposits Cross Rs.12, 000 Crore Jan-02 - The Bank's 100th branch opens at Tuticorin,Tamilnadu Jan-02 - The Bank opens an ATM at the Gol Dak-Khana, i.e. the New Delhi GPO, making it the first instance of a commercial bank setting up an ATM at any post-office in the country. Dec-01 - Total Advances cross Rs 5,000 Crore Nov-01 - The deposit base for the Bank crosses Rs. 10,000 Crore

Sep-01 - Private placement of 26% stake in the Bank to CDC Capital Partners. UTI holding reduces to 44.88% Aug-01 - Bank signs MoU with India Post for introducing value added financial products and services to customers of both organizations, including setting up of UTI Bank ATMs in post offices. July-01 - Bank ties up with Govt of Andhra Pradesh for collection of commercial tax Dec-00 - Bank opens its 200th ATM. It becomes the 2nd largest ATM network in the country, a position held even today. Oct-00 - Bank becomes fully networked July-00 - E-commerce initiatives announced July-00 - Financial Advisory Services offered beginning with marketing of US 64 Apr-00 - UTI Bank calls off its proposed merger with Global Trust Bank and surges ahead on its own. Apr-00 - Bank launches its Internet banking module, iConnect Retail loans introduced for the first time by the Bank Mar-00 - Profits cross Rs 50 crore mark for the first time. Feb-00 - Bank adopts Finacle software from Infosys for core banking Jan-00 - Dr.P.J Nayak takes over as Chairman and Managing Director from Shri Supriya Gupta. Sep-99 - Cash management services (CMS) launched, Co branded credit card launched Mar-99 - Deposits cross Rs.3000 crores Sep-98 - UTI Bank goes public with a Rs. 71 crore public issue; Issue over-subscribed 1.2 times, over 1 lakh retail investors. UTI holding reduces to 60.85% Jun-96 - Crosses Rs.1000 crore deposit mark Mar-95 - Completes first profitable year in operation Apr-94 - First branch of UTI Bank inaugurated at Ahmedabad by Dr. Manmohan Singh, Hon'ble Finance Minister, Government of India. Dec-93 - UTI Bank comes into being Dec-93 - Registered office at Ahmedabad; Head office at Mumbai Awards /Achievements:

Axis bank was awarded Best bank award in the private sector category at NDTV Profit Business Leadership Awards 2008. Axis Bank was awarded Best Debt House ? India award at Euromoney 2008. The bank was honoured Best Bond House in India award at The Finance Asia 2008. Axis Bank was awarded Best Domestic Debt House award at the Asia Money 2008. Business World ,Best Bank Awards- Fastest Growing Large Bank Business Today,Best Bank Awards - India's Best Bank, India's Fastest Growing Bank, India's Most Consistent Bank ET Intelligence Group-Best Bank 2009 NDTV Profit Business Leadership Awards 2009 -Best bank Private Sector Forbes Fab 50-The Best of Asia Pacific's Biggest Listed Company FE Best Banks Award-Best New Private Sector bank,Rank 1 Talisma - Customer Appreciation Award 2009 D & B Best Bank Awards - Best Private Bank Lafferty Award - Best Annual Report-India