Always keep your hard earned money safe with the banks which have backing of governments. We never know when these private banks would collapse.

Many of my friends have NRE accounts in SBI and feel much secure banking with them. The services of SBI are not "excellent" but "okay" and you can find thousands of their branches across the world.

You can contact Trust Exchange (National Area near Sofitel) or (Grand Hamad Street) to open NRE account.