Which bank account is better SBI or HDFC
SBI offers interest rate of 2.70% on balances less than Rs 10 crore and 3% on balances Rs 10 crore and above. HDFC Bank offers interest rate of 3% on balances less than Rs 50 lakh and 3.50% on balances of above Rs 50 lakh.
Is HDFC Bank good for NRI services
HDFC Bank, India's No.1 Bank for NRI Services, offers you a range of banking tools custom-made for NRIs. We offer you a one-stop-shop for all NRI services, from banking to investment to loan. Our NRI services let you bank at your convenience.
Is HDFC Bank safe
HDFC bank is safe
HDFC bank is undoubtedly one of the safest banks in India. The bank has maintained the bare minimum requirements to guarantee loss absorption in the event of loan defaults. Additionally, HDFC Bank insures each account holder's deposit of up to Rs 5 lakhs.
How is HDFC performance compared to SBI
Stock performance
Shares of private lender ICICI Bank have jumped 13.4 per cent while those of state-run SBI have delivered 13 per cent return to investors in 2022 so far. HDFC Bank stock has disappointed investors, with a 4 per cent fall. In the last one month, the three lenders have fallen up to 2.6 per cent.
Why SBI is better than HDFC
In terms of asset quality, SBI's headline numbers were higher than HDFC Bank. While SBI's gross and net non-performing asset (GNPA, NNPA) ratio stood at 4.50 per cent and 1.34 per cent as on December end, respectively, HDFC Bank's corresponding numbers stood at 1.26 per cent and 0.37 per cent for the same period.
Which bank is more trusted in India
State Bank of India
State Bank of India is India's largest and most trusted commercial bank. It is among the oldest banking institutions in the country and is headquartered in Mumbai, Maharashtra. No doubt, it is one of the Top 10 Banks in India in 2023.
Which bank is safe for NRI account
Best NRO Savings Account for NRIs in 2023
| Name of the Bank | NRO Deposit Interest Rates Below Rs. 2 Crore | Minimum Balance |
|---|---|---|
| HDFC Bank | 3.00% | Rs.10,000 |
| ICICI Bank | 3.00% | Rs. 10,000 |
| Kotak Mahindra Bank | 3.50% | Rs.10,000 |
| RBL Bank | 4.25% | Rs. 50,000 |
Which Indian bank is best for NRI
Best Bank for NRI Saving Account. Some of the best banks for NRI saving account are Axis Bank, ICICI, HDFC, Kotak Mahindra, Bank of Baroda, Deutsche Bank, and the State Bank of India (SBI). They offer attractive rates and best services.
Why HDFC is better than SBI
Which bank is best SBI or HDFC SBI is preferred for a home loan and HDFC bank is the preferred choice when it comes to personal banking. SBI is known for its low-interest rates whereas HDFC bank is the preferred choice when it comes to the quality of banking services.
Which bank is most trustable in India
Overview of 10 Best Banks in India 2023State Bank of India (SBI) State Bank of India, the largest public sector no.HDFC Bank. HDFC Bank is a leading private sector bank known for its robust financial performance.ICICI Bank.Punjab National Bank (PNB)Bank of Baroda (BoB)Axis Bank.Canara Bank.Union Bank of India.
What is the weakness of HDFC Bank
HDFC Bank has a weak marketing approach and does not advertise as aggressively as some competitors, such as ICICI Bank. However, this lack of effective marketing strategies has not benefited the bank's goal of expanding its market growth.
Which is the safest bank in India
The names of one government and two private banks are included in the list of safest banks issued by the Reserve Bank of India. These include State Bank of India, HDFC Bank, and ICICI Bank. If you have an account in HDFC Bank or ICICI Bank, you do not have to worry about the safety of your money.
Which Indian bank is safest
The names of one government and two private banks are included in the list of safest banks issued by the Reserve Bank of India. These include State Bank of India, HDFC Bank, and ICICI Bank. If you have an account in HDFC Bank or ICICI Bank, you do not have to worry about the safety of your money.
Is it safe to keep money in SBI
How is SBI bank safe Your assets are entirely under the bank's control. SBI offers its clients compensation in the event that a bank-related disaster occurs. Your data is protected by a 128-bit SSL encryption mechanism at SBI.
Which Indian bank has best NRI services
Best Bank for NRI Saving Account. Some of the best banks for NRI saving account are Axis Bank, ICICI, HDFC, Kotak Mahindra, Bank of Baroda, Deutsche Bank, and the State Bank of India (SBI). They offer attractive rates and best services.
Is SBI good for NRI
SBI or the State Bank of India, a public sector bank, offers several benefits for Indians living abroad or to keep it simple, the NRIs (Non Resident Indian). To access NRI benefits from SBI, one needs to set up an account.
Is SBI bigger than HDFC Bank
With a market capitalisation of Rs 4,21,732 crore, India's largest public sector bank State Bank of India (SBI) has overtaken HDFC.
Who is the No 1 bank in India
1. State Bank of India. State Bank of India (SBI) is among the Fortune 500 companies. It is an Indian multinational and Public Sector Banking and Financial services firm.
Which is the best bank for NRI account in India
Best NRO Savings Account for NRIs in 2023
| Name of the Bank | NRO Deposit Interest Rates Below Rs. 2 Crore | Minimum Balance |
|---|---|---|
| Kotak Mahindra Bank | 3.50% | Rs.10,000 |
| RBL Bank | 4.25% | Rs. 50,000 |
| State Bank of India | 2.70% | Rs.1,00,000 |
| Yes Bank | 4.00% | Rs. 10,000 |
Which bank has most complaints in India
The RTI also further states that the RBI received more than one lakh complaints against India's largest public sector bank, the State Bank of India, during the same period. This was followed by HDFC Bank, one of the largest private sector banks, against which the RBI received over 56,000 complaints.
Why do people prefer HDFC Bank
Quick loan disbursement
As an HDFC Bank customer, you no longer have to wait for days to get a loan sanctioned; you can avail instant loans within minutes. And this is applicable for various types of loans, from personal to two-wheeler loans, and even LOCC (Loan On credit card), without much documentation.
Which is the No 1 trusted bank in India
1. State Bank of India (SBI) State Bank of India, the largest public sector no. 1 bank in India, offers a comprehensive range of banking services.
Which is Asia safest bank in India
In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020. DBS provides a full range of services in consumer, SME and corporate banking.
Which is the safest bank to keep money
This is true whether the bank or credit union is national, regional or local. Asset-heavy, diversified and regulated banks like JPMorgan Chase, Wells Fargo, PNC Bank and U.S. Bank are among the safest banks in the U.S. and should be considered if you are weighing your options.
Which bank is very safe in India
Top Banks for FDs in India
| Sr No | List Of Banks | Score |
|---|---|---|
| 1. | State Bank of India | AAA |
| 2. | HDFC Bank | AAA |
| 3. | Bank of Baroda | AAA |
| 4, | ICICI Bank | AAA |
