This bank is the most trusted in India; check out others
In the midst of fraud allegations and NPA crisis hitting the banking sector leaving Punjab National Bank, ICICI Bank, Axis Bank and others reeling, public's trust in these institutions has been affected. However, TRA Brand Trust Report 2018 on Wednesday revealed the name of the most trusted bank in India. Check out list below:
State Bank of India was revealed as the most trusted bank (both public and private sector) in the country. SBI topped the chart of BFSI super-category despite seeing a dip in its overall brand trust index rankings from 13th in 2017 to 21st this year.
ICICI Bank topped the most trusted bank in India chart among the private ones. ICICI Bank rose 9 ranks in overall ranking. In the overall ranking, comparing brands from across sectors, ICICI Bank ranked 38th in 2018. Survey was carried out during November-January and did not take into account the recent allegations of irregularities involving ICICI Bank.
51 brands from the BFSI sector got listed among the 1,000 most trusted brands in the country this year, compared to 23 brands listed in 2017.
The 19 new brands entering the list show that the general trust in the BFSI sector is rising the report said.