Question: Which Bank Is Better HDFC Or IDBI?

Which bank is better Axis or HDFC?

It also had a higher net interest margin (for the March 2012 quarter) of 4.2%, compared with 3.55% and 3.01% for Axis Bank and ICICI Bank, respectively.

Despite this, its Capital Adequacy Ratio (CAR) was a healthy 18.52%, compared to a measly 13.66% for Axis Bank and 16.5% for HDFC Bank..

How IDBI is different from other banks?

The hierarchy in the bank was also quite different from other banks. The salary structure of IDBI Bank resembled that of the Reserve Bank of India (RBI). As such, IDBI Bank employees were paid higher salaries than their counterparts in other public sector banks.

Why IDBI Bank is in loss?

It had posted a net loss for the past 13 quarters. However, net loss for the entire fiscal year 2019-20 stood at ₹12,887 crore against a loss of ₹15,116 crore in FY19. As on March 31, the bank had made Covid-19 related provisions of ₹247 crore in Q4 FY20 against standard assets.

Is minimum balance required for HDFC?

The minimum amount required for opening Savings Account in HDFC is Rs. 10,000 for metro Urban branches Rs. 5,000 For Semi Urban branches Rs. 2,500 for Rural branches is required to open a Savings Regular Account.

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

Is IDBI good bank?

IDBI bank service is good and their response is prompt. I have been using the credit card for more than one year. Since I am holding salary account, they offered a card with life time free. The credit limit is sufficient more than 50K.

Is IDBI a govt bank?

The Reserve Bank reclassified IDBI Bank as a private sector lender for regulatory purposes in January, after LIC acquired a 51% stake in the bank by infusing around ₹20,800 crore. The government now holds a 46.46% stake in the bank.

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

What happened to IDBI Bank?

Privatisation: Sale to LIC LIC of India completed acquisition of 51% controlling stake in IDBI Bank on 21 January 2019 making it the majority shareholder of the bank.

Will IDBI Bank be merged?

The government is considering merging at least four state-run banks as part of a larger consolidation plan – triggered by rising bad loans. … Except Bank of Baroda, all three banks – IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India – are under the RBI’s Prompt Corrective Action (PCA) framework.

What is the fine for not maintaining minimum balance in HDFC?

Balance Non-Maintenance Charges*AMB Slabs (in Rs.)Metro & UrbanSemi Urban>=7,500 to < 10,000Rs. 150/-NA>=5,000 to < 7,500Rs. 300/-NA>=2,500 to < 5,000Rs. 450/-Rs. 150/-2 more rows

Can I open HDFC account online?

Apply online. Yes, it is true, you can open a Savings Account All you really need is your mobile number, to initiate the process. In fact, the procedure does not vary much. You simply upload your form and documents online, instead of going to the bank yourself.

Is HDFC safe bank?

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs. The Indian banking system is safe and is focused to protect customers’ interests, according to the chiefs of the two largest banks in the country — State Bank of India (SBI) and HDFC Bank.

Can I open zero balance account in HDFC Bank?

HDFC Bank zero balance savings account can be opened by any resident individual who is not having an existing relationship with the bank and do not have complete KYC. A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits.

What is minimum balance in HDFC Bank?

For regular savings accounts held in HDFC Bank’s metro and urban branches, the customer is required to maintain an average monthly balance of ₹ 10,000 to avoid penalty charges, according to the lender’s website – hdfcbank.com. In semi-urban branches, an average of ₹ 5,000 is required.

Is IDBI safe?

It operates around 1,900 branches and approximately 3,700 ATMs across India. Bank account holders operating savings account in IDBI often migrate to better instruments of investment. For instance, IDBI fixed deposit plans are safe and generally provide better returns than a standard savings account.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

What is HDFC Insta account?

Our Account opening process now gives you a fully operational account in just a few minutes. … You can start using the account instantly and transfer funds, withdraw cash, shop with your Debit Card, pay bills online, and much more.

Which bank is better IDBI or SBI?

Which bank is better Sbi or Idbi for savings account? … Well, IDBI offers a 4% p.a. Interest on your savings while SBI has further cut it down to 3.5% p.a. It would be better open an account with digibank by DBS – currently they are offering upto 7% p.a. and opening an account with them is pretty has hassle-free.

Will Yes bank survive?

The percentage of gross non-performing assets (NPA) stood at 16.30 per cent of total against 17.30 per cent a quarter ago. … Net interest income (NII) plunged 9.70 per cent YoY to Rs 1,973 crore. Baliga thinks YES Bank is back on track, but the turnaround will take a bit more of time. “No fortunes will be made overnight.

Which savings account is best in HDFC?

HDFC Bank Savings Account Interest Rates & Minimum Balance Required Updated on 2020Types of Savings AccountInterest RateWomens Savings Account4.00%Kids Advantage Account4.00%Senior Citizens Account4.00%Family Savings Group Account4.00%5 more rows