Is Kotak A Good Bank?

Which is better HDFC or Kotak?

Hence, Kotak Bank can be a better option if you are looking for a high value amount.

HDFC has an average customer ratings of 4.5, while Kotak Bank has an average customer rating of 3.1, based on which it is clear that HDFC has a high customer service focus, an easy Loan Against Property process and a quick turnaround..

Which is better Kotak or Icici?

Employee Ratings. ICICI Bank scored higher in 4 areas: Overall Rating, Career Opportunities, Compensation & Benefits and % Recommend to a friend. Kotak Mahindra scored higher in 4 areas: Work-life balance, Senior Management, CEO Approval and Positive Business Outlook. Both tied in 1 area: Culture & Values.

Is keeping money in Yes bank safe?

Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.

What is the rank of Kotak Mahindra Bank?

Kotak Wealth The 2019 Euromoney Private Banking and Wealth Management Survey Ranked the following #1: Best Private Banking Services Overall: Kotak Mahindra.

Is Yes Bank India safe?

We are SAFE to use. Dear Customer, There have been some reports in the media on a security breach at certain ATMs in the banking network, impacting debit cards across multiple banks in India.

Will Kotak Bank Buy Yes Bank?

Kotak Mahindra Bank will acquire 50 crore equity shares of Yes Bank at Rs 10 per share, the bank informed the exchanges in a release on March 13.

Can Yes bank collapse?

From bad loans to financial adventurism to Modi government’s mishandling of the economy along with the negligence on the part of the RBI are the reasons that led to the collapse of the Yes bank – the fourth largest private bank of India.

Which bank is better Kotak or axis?

As we used both accounts, we find it better with Kotak 811 account. Axis Bank will provide you physical card by default which will cost you some yearly charge. Here Kotak 811 can be used without any change. Also, Axis Bank will change you for SMS alert whereas Kotak 811 offers all of them for free.

Which bank is best Kotak or SBI?

Kotak Bank has an average customer ratings of 4.5, while SBI has an average customer rating of 4.2, based on which it is clear that Kotak Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

Can I open Kotak account without PAN card?

I do not have a PAN. Can I still apply for a Kotak 811 account? Unfortunately, we need your PAN to open your 811 account. If you don’t have PAN, you can apply for one using the following link and visit us again.

What went wrong with Yes Bank?

NPAs: YES Bank ran into trouble following the central bank’s asset quality reviews in 2017 and 2018, which led to a sharp increase in its impaired loans ratio and uncovered significant governance lapses that led to a complete change of management. The bank subsequently struggled to address its capitalisation issues.

Is Kotak Bank Safe 2020?

Kotak Mahindra Bank joins larger peers like HDFC Bank which also recorded a 24% increase in deposits aggregating to Rs 11.46 lakh crore at the end of March 2020. … “Your money is safe, the Indian banking system is safe and sound,” he had appealed on March 26.

Which is better Yes Bank or Kotak Mahindra Bank?

Yes Bank scored higher in 6 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management and % Recommend to a friend. Kotak Mahindra scored higher in 2 areas: CEO Approval and Positive Business Outlook.

Why Kotak Bank is falling?

Shares of private sector Kotak Mahindra Bank fell sharply in intra-day trade on BSE, after the lender spoke about concerns over lower recovery due to the three month moratorium and chances of default in an investor call.

Which private bank is best in India?

HDFC Bank. Established in the year 1994, Housing Development and Finance Corporation Ltd. is headquartered in Mumbai. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Which is the safest bank 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.

Is Kotak a Nationalised bank?

As mentioned in our other post, only the largest 14 private banks were nationalised through the act of Parliament in 1969. … New private sector banks – Axis Bank, Development Credit Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, Yes Bank.

Is Kotak Mahindra a safe bank?

“We assure you that the Kotak Mahindra Bank is a financially strong, well-capitalised bank with strong risk and corporate governance framework. Your deposits with us are absolutely safe”. … Our bank always acts in accordance with the prevailing law and regulations.

Who is the best bank in India?

Top Commercial Banks in IndiaTop 10 Commercial Banks in India are:State Bank of India (SBI) … ICICI Bank (Industrial Credit and Investment Corporation of India) … HDFC Bank. … Axis Bank. … Kotak Mahindra Bank. … IndusInd Bank. … Bank of Baroda.More items…

Is HDFC better or Icici?

HDFC has an average customer ratings of 4.5, while ICICI Bank has an average customer rating of 4.1, based on which it is clear that HDFC has a high customer service focus, an easy Home Loan process and a quick turnaround.