Table of Contents
How do I know if a bank is safe in India?
If your bank’s net NPAs exceed 5\%, it shows bad lending practices. Ensure that your bank provisioning coverage ratio does not dip below 65-70\%. The bank will struggle to remain solvent if its bad loans have to be written off. Ascertain if the bank is properly capitalised by checking its capital adequacy ratio.
Is it safe to keep money in bank in India?
It is normally seen that bank deposits are safe as banks never fail and one can always get the money back. But, over the last few years, more than a few cooperative banks have ended up in trouble and a few public banks also have also not been doing well. There are some limits to which bank deposits are secure.
Which is the best private bank in India?
HDFC Bank
India’s Largest 10 Private Banks Based On Market Capitalization
| Private Bank | Price in Rs. | Market cap (Rs. Cr) |
|---|---|---|
| HDFC Bank | 1,703.95 | 943,554.11 |
| ICICI Bank | 763.50 | 529,562.30 |
| Kotak Mahindra | 2,149.95 | 426,353.94 |
| Axis Bank | 813.00 | 249,330.42 |
Is it safe to keep money in private banks in India?
Answer Wiki. Definitely it is safe to keep money in Private Banks in India. All the private banks which are scheduled banks (like ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra, Yes Bank, IndusInd Bank, etc.) are governed by the guidelines prescribed by the RBI.
Are nationalised banks more safe than private banks?
Definitely, nationalised banks are more safe as compared to private banks. Due to the fact that private sector banks (since last decades) such as HDFC, ICICI and Axis etc. are not following the complete guidelines set by RBI. They are using tricks to use the gaps and the loop holes in the banking regulations.
Is it safe to keep money in private banks like HDFC?
Yes, it is safe to keep money in private banks like HDFC. In India, if any bank fails and has to go in for liquidation then a depositor can get up to Rs 5 lakh under the Deposit Insurance Scheme of RBI previously this limit was 1 lakh. ( RBI latest guidelines) Also, HDFC is company with highest market capitalization till this date.
Are fixed deposits in Indian banks safe?
I will say that most Indian banks are safe most of the times. RBI does its job fairly well and hence, problems if any are more or less very rare. But that doesn’t mean that you can put all banks in the same risk bucket. So your bank Fixed Deposits (FDs) are safe.