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List of banks in India

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This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934 and is insured by DICGC(subsidiary of RBI).[1][2]

Commercial banks

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Public Sector Banks (PSBs)

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Main article: Public sector banks in India

There are 12 public sector banks in India as of 1 July 2024.[3]

Anchor bank Established Headquarters Government
shareholding		 Branches Total assets Revenues Refs
Bank of Baroda 1908 Vadodara, Gujarat 63.97% 8,266 ₹1,654,779 crore (US$200 billion) ₹110,777.98 crore (US$13 billion) [4][5][6]
Bank of India 1906 Mumbai, Maharashtra 81.41% 5,152 ₹815,555.61 crore (US$98 billion) ₹54,747.61 crore (US$6.6 billion) [7][8]
Bank of Maharashtra 1935 Pune, Maharashtra 90.97% 2,401 ₹184,082 crore (US$22 billion) ₹13,144.67 crore (US$1.6 billion) [9]
Canara Bank 1906 Bengaluru, Karnataka 62.93% 9,616 ₹1,535,017 crore (US$180 billion) ₹111,209.76 crore (US$13 billion) [10][11][12]
Central Bank of India 1911 Mumbai, Maharashtra 93.08% 4,608 ₹369,214.99 crore (US$44 billion) ₹25,897.44 crore (US$3.1 billion) [13]
Indian Bank 1907 Chennai, Tamil Nadu 79.86% 5,847 ₹710,500.73 crore (US$85 billion) ₹52,085 crore (US$6.2 billion) [14][15]
Indian Overseas Bank 1937 Chennai, Tamil Nadu 96.38% 3,240 ₹274,000.35 crore (US$33 billion) ₹22,422.91 crore (US$2.7 billion) [14][15]
Punjab and Sind Bank 1908 New Delhi, NCT of Delhi 97.07% 1,564 ₹121,067.55 crore (US$15 billion) ₹8,826.92 crore (US$1.1 billion) [16]
Punjab National Bank 1894 Dwarka, NCT of Delhi 73.15% 10,769 ₹1,561,835.01 crore (US$190 billion) ₹102,880.50 crore (US$12 billion) [10][17]
State Bank of India 1955 Mumbai, Maharashtra 57.49% 22,542 ₹6,733,778 crore (US$810 billion) ₹473,378.14 crore (US$57 billion) [18][19][20]
UCO Bank 1943 Kolkata, West Bengal 95.39% 3,230 ₹253,336.1092 crore (US$30 billion) ₹18,166.42 crore (US$2.2 billion) [21][22]
Union Bank of India 1919 Mumbai, Maharashtra 83.49% 9,315 ₹1,391,957.62 crore (US$170 billion) ₹97,078.50 crore (US$12 billion) [10][23]

Private-sector banks

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There are 21 private banks in India as of 1 April 2024.

Bank name Established Headquarters Branches Total assets Revenues Refs
Axis Bank 1993 Mumbai, Maharashtra 5,377 ₹1,518,238 crore (US$180 billion) ₹106,155 crore (US$13 billion) [24]
Bandhan Bank 2015 Kolkata, West Bengal 1,700 ₹114,993 crore (US$14 billion) ₹14,633 crore (US$1.8 billion) [25]
CSB Bank 1920 Thrissur, Kerala 512 ₹23,337 crore (US$2.8 billion) ₹3,450 crore (US$410 million) [26]
City Union Bank 1904 Kumbakonam, Tamil Nadu 702 ₹53,311 crore (US$6.4 billion) ₹4,839 crore (US$580 million) [27][28]
DCB Bank 1930 Mumbai, Maharashtra 352 ₹39,602 crore (US$4.7 billion) ₹3,916 crore (US$470 million) [29]
Dhanlaxmi Bank 1927 Thrissur, Kerala 245 ₹13,096 crore (US$1.6 billion) ₹1,072 crore (US$130 million) [30]
Federal Bank 1931 Kochi, Kerala 1,504 ₹204,966 crore (US$25 billion) ₹15,702 crore (US$1.9 billion) [31]
HDFC Bank 1994 Mumbai, Maharashtra 8,735 ₹4,030,194 crore (US$480 billion) ₹205,000 crore (US$25 billion) [32][33]
ICICI Bank 1994 Mumbai, Maharashtra 6,524 ₹2,364,063 crore (US$280 billion) ₹186,178.50 crore (US$22 billion) [34][35][36]
IDBI Bank 1964 Mumbai, Maharashtra 2,005 ₹298,652 crore (US$36 billion) ₹24,803 crore (US$3.0 billion) [37][38]
IDFC First Bank 2015 Mumbai, Maharashtra 707 ₹163,071 crore (US$20 billion) ₹18,221 crore (US$2.2 billion) [39]
IndusInd Bank 1994 Mumbai, Maharashtra 2,015 ₹515,094 crore (US$62 billion) ₹28,999 crore (US$3.5 billion) [40]
Jammu & Kashmir Bank 1938 Srinagar, Jammu and Kashmir 957 ₹82,018 crore (US$9.8 billion) ₹7,166 crore (US$860 million) [41]
Karnataka Bank 1924 Mangaluru, Karnataka 915 [42] ₹85,580 crore (US$10 billion) ₹6,232 crore (US$750 million) [43]
Karur Vysya Bank 1916 Karur, Tamil Nadu 811 ₹74,623 crore (US$8.9 billion) ₹5,470 crore (US$660 million) [44]
Kotak Mahindra Bank 2003 Mumbai, Maharashtra 1,604 ₹767,667 crore (US$92 billion) ₹67,981.02 crore (US$8.1 billion) [45]
Nainital Bank 1922 Nainital, Uttarakhand 160 ₹8,438 crore (US$1.0 billion) ₹727 crore (US$87 million) [46]
RBL Bank 1943 Mumbai, Maharashtra 545 ₹138,403 crore (US$17 billion) ₹8,561 crore (US$1.0 billion) [47]
South Indian Bank 1929 Thrissur, Kerala 935 ₹94,149 crore (US$11 billion) ₹7,305 crore (US$880 million) [48]
Tamilnad Mercantile Bank 1921 Thoothukkudi, Tamil Nadu 509 ₹42,758 crore (US$5.1 billion) ₹3,992 crore (US$480 million) [49]
Yes Bank 2004 Mumbai, Maharashtra 1,070 ₹405,492.99 crore (US$49 billion) ₹20,039 crore (US$2.4 billion) [50][51]

Regional Rural Banks (RRBs)

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Main article: Regional Rural Bank

There are 43 regional rural banks in India as of 1 November 2020.

State Bank name Established Headquarters Branches Sponsor bank Refs
Andhra Pradesh Andhra Pradesh Grameena Vikas Bank 2006 Warangal, Telangana 755 State Bank of India
Andhra Pragathi Grameena Bank 2006 Kadapa, Andhra Pradesh 552 Canara Bank
Chaitanya Godavari Gramin Bank[52] 2006 Guntur, Andhra Pradesh 219 Union Bank of India
Saptagiri Gramin Bank[53] 2006 Chittoor, Andhra Pradesh 220 Indian Bank
Arunachal Pradesh Arunachal Pradesh Rural Bank[54] 1983 Itanagar, Arunachal Pradesh 30 State Bank of India
Assam Assam Gramin Vikash Bank 2006 Guwahati, Assam 474 Punjab National Bank
Bihar Dakshin Bihar Gramin Bank 2019 Patna, India 1078 Punjab National Bank
Uttar Bihar Gramin Bank 2008 Muzaffarpur, India 1032 Central Bank of India [55]
Chhattisgarh Chhattisgarh Rajya Gramin Bank[56] 2013 Raipur, Chhattisgarh 625 State Bank of India [57]
Gujarat Baroda Gujarat Gramin Bank 2019 Vadodara, Gujarat 489 Bank of Baroda [58]
Saurashtra Gramin Bank[59] 1978 Rajkot, Gujarat 259 State Bank of India [60]
Haryana Sarva Haryana Gramin Bank[61] 2013 Rohtak, Haryana 542 Punjab National Bank
Himachal Pradesh Himachal Pradesh Gramin Bank 2013 Mandi, Himachal Pradesh 265 Punjab National Bank [62]
Jammu And Kashmir Ellaquai Dehati Bank 1979 Srinagar, Jammu and Kashmir 116 State Bank of India
Jammu And Kashmir Grameen Bank 2009 Jammu, Jammu and Kashmir 217 Jammu & Kashmir Bank
Jharkhand Jharkhand Rajya Gramin Bank 2019 Ranchi, Jharkhand 443 State Bank Of India
Karnataka Karnataka Gramin Bank 2019 Ballari, Karnataka 1142 Canara Bank
Karnataka Vikas Grameena Bank 2005 Dharwad, Karnataka 633 Canara Bank
Kerala Kerala Gramin Bank 2013 Malappuram, Kerala 634 Canara Bank [63]
Madhya Pradesh Madhya Pradesh Gramin Bank 2019 Indore, Madhya Pradesh 866 Bank of India
Madhyanchal Gramin Bank 2012 Sagar, Madhya Pradesh 454 State Bank of India
Maharashtra Maharashtra Gramin Bank 2008 Aurangabad, Maharashtra 391 Bank of Maharashtra
Vidarbha Konkan Gramin Bank[64] 2013 Nagpur, Maharashtra 318 Bank of India
Manipur Manipur Rural Bank 1981 Imphal, Manipur 28 Punjab National Bank
Meghalaya Meghalaya Rural Bank 1981 Shillong, Meghalaya 87 State Bank of India [65]
Mizoram Mizoram Rural Bank 1983 Aizawl, Mizoram 85 State Bank of India
Nagaland Nagaland Rural Bank 1983 Kohima, Nagaland 10 State Bank of India
Odisha Odisha Gramya Bank 2013 Bhubaneswar, India 549 Indian Overseas Bank
Utkal Grameen Bank 2012 Bolangir, Odisha 442 State Bank of India
Puducherry Puduvai Bharathiar Grama Bank 2008 Pondicherry, Puducherry 43 Indian Bank
Punjab Punjab Gramin Bank 2019 Kapurthala, Punjab 419 Punjab National Bank
Rajasthan Rajasthan Marudhara Gramin Bank 2014 Jodhpur, Rajasthan 715 State Bank of India
Baroda Rajasthan Kshetriya Gramin Bank 2013 Ajmer, Rajasthan 833 Bank of Baroda [66]
Tamil Nadu Tamil Nadu Grama Bank 2019 Salem, Tamil Nadu 630 Indian Bank
Telangana Telangana Grameena Bank 2014 Hyderabad, Telangana 421 State Bank of India [67]
Tripura Tripura Gramin Bank 1976 Agartala, India 142 Punjab National Bank
Uttar Pradesh Aryavart Bank 2019 Lucknow, Uttar Pradesh 1365 Bank of India
Baroda UP Bank 2020 Ayodhya, Uttar Pradesh 2050 Bank of Baroda
Prathama UP Gramin Bank 2019 Moradabad, Uttar Pradesh 938 Punjab National Bank
Uttarakhand Uttarakhand Gramin Bank 2012 Dehradun, Uttarakhand 286 State Bank of India [68]
West Bengal Bangiya Gramin Vikash Bank 2007 Berhampore, West Bengal 587 Punjab National Bank
Paschim Banga Gramin Bank 2007 Howrah, West Bengal 230 UCO Bank
Uttarbanga Kshetriya Gramin Bank 1977 Coochbehar, West Bengal 142 Central Bank of India

Co-operative banks

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Main article: Cooperative banking § India

State Co-operative Banks (SCBs)

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There are 33 state co-operative banks in India.

District Central Co-operative Banks

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There are a total of 352 district Central Co-operative in India.

Urban Co-operative Banks

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There are 1469 urban co-operative banks in India as of 5th July, 2024.

Foreign banks

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Foreign banks in India as on 14 July 2020 - Branch/WOS/Representative form of presence as per RBI:[69]

Foreign banks operating as wholly owned subsidiary in India

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List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India:

Foreign banks with branches in India

[edit]

List of notable banks which are incorporated outside India and are operating branches in India:

Foreign banks with representative offices

[edit]

List of notable foreign banks with representative offices in India:

Local Area Banks

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Local Area Banks are non-scheduled banks. They were set up with the twin objectives of providing an institutional mechanism for promoting rural and semi-urban savings and for providing credit for viable economic activities in local areas. They were established as Public Limited Companies in the private sector. They are promoted either by individuals, corporates, trusts or societies. The minimum paid up capital of such banks is ₹50 million. The promoter's contribution should be at least ₹20 million. Local Area Banks can operate and open branches in a maximum of 3 geographically contiguous districts. They are governed by the provisions of the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949 and other relevant statutes. They are to be registered as Public Limited Companies under the Companies Act 1956. Since they are non-scheduled banks, they cannot borrow funds from the Reserve Bank of India, like other scheduled commercial banks.[70]

List of Local Area Banks:[71]

  • Coastal Local Area Bank Ltd
  • Krishna Bhima Samruddhi LAB Ltd

Payments banks

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Main article: Payments bank
Bank name Established Headquarters Branches Revenues Refs
Airtel Payments Bank 2017 New Delhi, Delhi ₹627 crore (US$75 million) [72][73]
India Post Payments Bank 2018 New Delhi, Delhi 650 Branches ₹55 crore (US$6.6 million) [74]
Paytm Payments Bank 2017 Noida, Uttar Pradesh ₹2,109 crore (US$250 million) [75][76]
Jio Payments Bank 2018 Mumbai, Maharashtra ₹13 crore (US$1.6 million) [77]
Fino Payments Bank 2017 Mumbai, Maharashtra 410 Branches ₹791 crore (US$95 million) [78][79]
NSDL Payments Bank 2018 Mumbai, Maharashtra ₹62 crore (US$7.4 million) [80]

Small finance banks

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Main article: Small finance bank

At present, there are 11 small sector banks in India.

Bank name Established Headquarters Branches Total assets Revenues Refs
AU Small Finance Bank 2017 Jaipur, Rajasthan 474 ₹90,216.12 crore (US$11 billion) ₹9,293 crore (US$1.1 billion) [81]
Capital Small Finance Bank 2016 Jalandhar, Punjab 47 [82]
Equitas Small Finance Bank 2016 Chennai, Tamil Nadu 412 ₹26,959 crore (US$3.2 billion) ₹3,997 crore (US$480 million) [83]
ESAF Small Finance Bank 2017 Thrissur, Kerala 575 ₹475 crore (US$57 million) [84]
Jana Small Finance Bank 2018 Bangalore, Karnataka 611 ₹20,189 crore (US$2.4 billion) ₹3,050 crore (US$370 million) [85]
North East Small Finance Bank 2017 Guwahati, Assam [86]
Shivalik Small Finance Bank 2021 Saharanpur, Uttar Pradesh 46 [87]
Suryoday Small Finance Bank 2017 Navi Mumbai, Maharashtra 477 [88]
Ujjivan Small Finance Bank 2017 Bangalore, Karnataka 732 ₹33,316 crore (US$4.0 billion) ₹4,754 crore (US$570 million) [89]
Unity Small Finance Bank 2021 Mumbai, Maharashtra [90]
Utkarsh Small Finance Bank 2018 Varanasi, Uttar Pradesh [91]

See also

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References

[edit]
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[edit]
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