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List of banks in India

This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934.[1][2]

Commercial banks

Public Sector Banks (PSBs)

There are 12 public sector banks in India as of 1 March 2023.[3]

Anchor bankEstablishedHeadquartersGovernment
shareholding		BranchesTotal assetsRevenuesRefs
Bank of Baroda1908Vadodara, Gujarat63.97%9,693₹1,654,779 crore (US$200 billion)₹110,777.98 crore (US$13 billion)[4][5][6]
Bank of India1906Mumbai, Maharashtra81.41%5,152₹815,555.61 crore (US$98 billion)₹54,747.61 crore (US$6.6 billion)[7][8]
Bank of Maharashtra1935Pune, Maharashtra90.97%2,022₹184,082 crore (US$22 billion)₹13,144.67 crore (US$1.6 billion)[9]
Canara Bank1906Bengaluru, Karnataka62.93%9,677₹1,535,017 crore (US$180 billion)₹111,209.76 crore (US$13 billion)[10][11][12]
Central Bank of India1911Mumbai, Maharashtra93.08%4,608₹369,214.99 crore (US$44 billion)₹25,897.44 crore (US$3.1 billion)[13]
Indian Bank1907Chennai, Tamil Nadu79.86%5,787₹710,500.73 crore (US$85 billion)₹52,085 crore (US$6.2 billion)[14][15]
Indian Overseas Bank1937Chennai, Tamil Nadu96.38%3,217₹274,000.35 crore (US$33 billion)₹22,422.91 crore (US$2.7 billion)[14][15]
Punjab and Sind Bank1908New Delhi, NCT of Delhi97.07%1,526₹121,067.55 crore (US$15 billion)₹8,826.92 crore (US$1.1 billion)[16]
Punjab National Bank1894Dwarka, NCT of Delhi73.15%10,769₹1,561,835.01 crore (US$190 billion)₹102,880.50 crore (US$12 billion)[10][17]
State Bank of India1955Mumbai, Maharashtra57.62%22,219₹6,733,778 crore (US$810 billion)₹473,378.14 crore (US$57 billion)[18][19][20]
UCO Bank1943Kolkata, West Bengal95.39%3,087₹253,336.1092 crore (US$30 billion)₹18,166.42 crore (US$2.2 billion)[21][22]
Union Bank of India1919Mumbai, Maharashtra83.49%9,315₹1,391,957.62 crore (US$170 billion)₹97,078.50 crore (US$12 billion)[10][23]

Private-sector banks

There are 21 private banks in India as of 1 March 2023.

Bank nameEstablishedHeadquartersBranchesTotal assetsRevenuesRefs
Axis Bank1993Mumbai, Maharashtra5377₹1,518,238 crore (US$180 billion)₹106,155 crore (US$13 billion)[24]
Bandhan Bank2015Kolkata, West Bengal1,627₹114,993 crore (US$14 billion)₹14,633 crore (US$1.8 billion)[25]
CSB Bank1920Thrissur, Kerala512₹23,337 crore (US$2.8 billion)₹3,450 crore (US$410 million)[26]
City Union Bank1904Kumbakonam, Tamil Nadu702₹53,311 crore (US$6.4 billion)₹4,839 crore (US$580 million)[27][28]
DCB Bank1930Mumbai, Maharashtra352₹39,602 crore (US$4.7 billion)₹3,916 crore (US$470 million)[29]
Dhanlaxmi Bank1927Thrissur, Kerala245₹13,096 crore (US$1.6 billion)₹1,072 crore (US$130 million)[30]
Federal Bank1931Kochi, Kerala1504₹204,966 crore (US$25 billion)₹15,702 crore (US$1.9 billion)[31]
HDFC Bank1994Mumbai, Maharashtra8735₹4,030,194 crore (US$480 billion)₹205,000 crore (US$25 billion)[32][33]
ICICI Bank1994Mumbai, Maharashtra6524₹2,364,063 crore (US$280 billion)₹186,178.50 crore (US$22 billion)[34][35][36]
IDBI Bank1964Mumbai, Maharashtra2,005₹298,652 crore (US$36 billion)₹24,803 crore (US$3.0 billion)[37][38]
IDFC First Bank2015Mumbai, Maharashtra707₹163,071 crore (US$20 billion)₹18,221 crore (US$2.2 billion)[39]
IndusInd Bank1994Mumbai, Maharashtra2,015₹515,094 crore (US$62 billion)₹28,999 crore (US$3.5 billion)[40]
Jammu & Kashmir Bank1938Srinagar, Jammu and Kashmir957₹82,018 crore (US$9.8 billion)₹7,166 crore (US$860 million)[41]
Karnataka Bank1924Mangaluru, Karnataka915 [42]₹85,580 crore (US$10 billion)₹6,232 crore (US$750 million)[43]
Karur Vysya Bank1916Karur, Tamil Nadu811₹74,623 crore (US$8.9 billion)₹5,470 crore (US$660 million)[44]
Kotak Mahindra Bank2003Mumbai, Maharashtra1,604₹767,667 crore (US$92 billion)₹67,981.02 crore (US$8.1 billion)[45]
Nainital Bank1922Nainital, Uttarakhand160₹8,438 crore (US$1.0 billion)₹727 crore (US$87 million)[46]
RBL Bank1943Mumbai, Maharashtra545₹138,403 crore (US$17 billion)₹8,561 crore (US$1.0 billion)[47]
South Indian Bank1929Thrissur, Kerala935₹94,149 crore (US$11 billion)₹7,305 crore (US$880 million)[48]
Tamilnad Mercantile Bank1921Thoothukkudi, Tamil Nadu509₹42,758 crore (US$5.1 billion)₹3,992 crore (US$480 million)[49]
Yes Bank2004Mumbai, Maharashtra1,070₹405,492.99 crore (US$49 billion)₹20,039 crore (US$2.4 billion)[50][51]

Regional Rural Banks (RRBs)

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

StateBank nameEstablishedHeadquartersBranchesSponsor bankRefs
Andhra PradeshAndhra Pradesh Grameena Vikas Bank2006Warangal, Telangana755State Bank of India
Andhra Pragathi Grameena Bank2006Kadapa, Andhra Pradesh552Canara Bank
Chaitanya Godavari Gramin Bank[52]2006Guntur, Andhra Pradesh219Union Bank of India
Saptagiri Gramin Bank[53]2006Chittoor, Andhra Pradesh220Indian Bank
Arunachal PradeshArunachal Pradesh Rural Bank[54]1983Itanagar, Arunachal Pradesh30State Bank of India
AssamAssam Gramin Vikash Bank2006Guwahati, Assam474Punjab National Bank
BiharDakshin Bihar Gramin Bank2019Patna, India1078Punjab National Bank
Uttar Bihar Gramin Bank2008Muzaffarpur, India1032Central Bank of India[55]
ChhattisgarhChhattisgarh Rajya Gramin Bank[56]2013Raipur, Chhattisgarh625State Bank of India[57]
GujaratBaroda Gujarat Gramin Bank2019Vadodara, Gujarat489Bank of Baroda[58]
Saurashtra Gramin Bank[59]1978Rajkot, Gujarat259State Bank of India[60]
HaryanaSarva Haryana Gramin Bank[61]2013Rohtak, Haryana542Punjab National Bank
Himachal PradeshHimachal Pradesh Gramin Bank2013Mandi, Himachal Pradesh265Punjab National Bank[62]
Jammu And KashmirEllaquai Dehati Bank1979Srinagar, Jammu and Kashmir116State Bank of India
Jammu And Kashmir Grameen Bank2009Jammu, Jammu and Kashmir217Jammu & Kashmir Bank
JharkhandJharkhand Rajya Gramin Bank2019Ranchi, Jharkhand443State Bank Of India
KarnatakaKarnataka Gramin Bank2019Ballari, Karnataka1142Canara Bank
Karnataka Vikas Grameena Bank2005Dharwad, Karnataka633Canara Bank
KeralaKerala Gramin Bank2013Malappuram, Kerala634Canara Bank[63]
Madhya PradeshMadhya Pradesh Gramin Bank2019Indore, Madhya Pradesh866Bank of India
Madhyanchal Gramin Bank2012Sagar, Madhya Pradesh454State Bank of India
MaharashtraMaharashtra Gramin Bank2008Aurangabad, Maharashtra391Bank of Maharashtra
Vidarbha Konkan Gramin Bank[64]2013Nagpur, Maharashtra318Bank of India
ManipurManipur Rural Bank1981Imphal, Manipur28Punjab National Bank
MeghalayaMeghalaya Rural Bank1981Shillong, Meghalaya87State Bank of India[65]
MizoramMizoram Rural Bank1983Aizawl, Mizoram85State Bank of India
NagalandNagaland Rural Bank1983Kohima, Nagaland10State Bank of India
OdishaOdisha Gramya Bank2013Bhubaneswar, India549Indian Overseas Bank
Utkal Grameen Bank2012Bolangir, Odisha442State Bank of India
PuducherryPuduvai Bharathiar Grama Bank2008Pondicherry, Puducherry43Indian Bank
PunjabPunjab Gramin Bank2019Kapurthala, Punjab419Punjab National Bank
RajasthanRajasthan Marudhara Gramin Bank2014Jodhpur, Rajasthan715State Bank of India
Baroda Rajasthan Kshetriya Gramin Bank2013Ajmer, Rajasthan833Bank of Baroda[66]
Tamil NaduTamil Nadu Grama Bank2019Salem, Tamil Nadu630Indian Bank
TelanganaTelangana Grameena Bank2014Hyderabad, Telangana421State Bank of India[67]
TripuraTripura Gramin Bank1976Agartala, India142Punjab National Bank
Uttar PradeshAryavart Bank2019Lucknow, Uttar Pradesh1365Bank of India
Baroda UP Bank2020Ayodhya, Uttar Pradesh2050Bank of Baroda
Prathama UP Gramin Bank2019Moradabad, Uttar Pradesh938Punjab National Bank
UttarakhandUttarakhand Gramin Bank2012Dehradun, Uttarakhand286State Bank of India[68]
West BengalBangiya Gramin Vikash Bank2007Berhampore, West Bengal587Punjab National Bank
Paschim Banga Gramin Bank2007Howrah, West Bengal230UCO Bank
Uttarbanga Kshetriya Gramin Bank1977Coochbehar, West Bengal142Central Bank of India

Co-operative banks

State Co-operative Banks (SCBs)

There are 33 state co-operative banks in India.

  • The Andaman and Nicobar State Co-operative Bank Ltd.
  • The Andhra Pradesh State Co-operative Bank Ltd.
  • The Arunachal Pradesh State co-operative Apex Bank Ltd.
  • The Assam Co-operative Apex Bank Ltd.
  • The Bihar State Co-operative Bank Ltd.
  • The Chandigarh State Co-operative Bank Ltd.
  • The Chhattisgarh RajyaSahakari Bank Maryadit
  • The Delhi State Co-operative Bank Ltd.
  • The Goa State Co-operative Bank Ltd.
  • The Gujarat State Co-operative Bank Ltd.
  • The Haryana State Co-opertive Apex Bank Ltd.
  • The Himachal Pradesh State Co-operative Bank Ltd.
  • The Jammu and Kashmir State Co-operative Bank Ltd.
  • The Jharkhand State cooperative bank ltd.
  • The Karnataka State Co-operative Apex Bank Ltd.
  • The Kerala State Co-operative Bank Ltd.
  • The Madhya Pradesh Rajya Sahakari Bank Maryadit
  • The Maharashtra State Co-operative Bank Ltd.
  • The Manipur State Co-operative Bank Ltd.
  • The Meghalaya Co-operative Apex Bank Ltd.
  • The Mizoram Co-operative Apex Bank Ltd.
  • The Nagaland State Co-operative Bank Ltd.
  • The Orissa State Co-operative Bank Ltd.
  • The Pondichery State Co-opertive Bank Ltd.
  • The Punjab State Co-operative Bank Ltd.
  • The Rajasthan State Co-operative Bank Ltd.
  • The Sikkim State Co-operative Bank Ltd.
  • The Tamil Nadu State Apex Co-operative Bank Ltd.
  • The Telangana State Cooperative Apex Bank Ltd.
  • The Tripura State Co-operative Bank Ltd.
  • The Uttar Pradesh Co-operative Bank Ltd.
  • The Uttaranchal Rajya Sahakari Bank Ltd.
  • The West Bengal State Co-operative Bank Ltd.

District Central Co-operative Banks

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

Scheduled Urban Co-operative Banks

There are 49 scheduled urban co-operative banks in India.

  • Apna Sahakari Bank Ltd.[69]
  • Ahmedabad Mercantile Co-Op Bank Ltd.[70]
  • Amanath Co-operative Bank Ltd.[71]
  • Andhra Pradesh Mahesh Co-Op Urban Bank Ltd.
  • Bassein Catholic Co-operative Bank Ltd.[72]
  • Bharat Co-operative Bank (Mumbai) Ltd.
  • Bharati Sahakari Bank Limited
  • Bombay Mercantile Co-operative Bank Limited[73]
  • Buldana Urban Cooperative Credit Society
  • Charminar Co-operative Urban Bank Ltd.
  • Citizen Credit Co-operative Bank Ltd.
  • Cosmos Co-operative Bank Ltd.
  • Dombivli Nagari Sahakari Bank Ltd.
  • Darrusalam Co-operative Bank Ltd.
  • Goa Urban Co-operative Bank Limited
  • Gopinath Patil Parsik Janata Sahakari Bank Ltd.
  • Greater Bombay Co-operative Bank Limited
  • Indian Mercantile Co-operative Bank Ltd.
  • Jalgaon Janata Sahakari Bank Ltd.
  • Janakalyan Sahakari Bank Ltd.
  • Janalaxmi Co-operative Bank Ltd.
  • Janata Sahakari Bank Ltd.
  • Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd.
  • Kalupur Commercial Co-Op. Bank Ltd.
  • Kalyan Janata Sahakari Bank Ltd.
  • Karad Urban Co-operative Bank Ltd.
  • Madhavpura Mercantile Cooperative Bank Ltd.
  • Mahanagar Co-operative Bank Ltd.
  • Mapusa Urban Co-operative Bank of Goa Ltd.
  • Mehsana Urban Co-Op Bank Ltd.
  • Nagar Urban Co-operative Bank Ltd.
  • Nagpur Nagrik Sahakari Bank Ltd.
  • Nasik Merchant's Co-operative Bank Ltd.
  • New India Co-operative Bank Ltd.
  • NKGSB Co-operative Bank Ltd.
  • Nutan Nagarik Sahakari Bank Ltd.
  • Pravara Sahakari Bank Ltd.
  • Punjab and Maharashtra Co-operative Bank Ltd.
  • Rajkot Nagrik Sahakari Bank Ltd.
  • Rohtak Co-Operative Bank Ltd.
  • Rupee Co-operative Bank Ltd.
  • Sangli Urban Co-operative Bank Ltd.
  • Saraswat Co-operative Bank Ltd.
  • Sardar Bhiladwala Pardi Peoples Coop Bank Ltd.
  • Shamrao Vithal Co-operative Bank Ltd.
  • Shikshak Sahakari Bank Ltd.
  • Solapur Janata Sahakari Bank Ltd.
  • The Sonipat Urban Co-operative Bank Ltd
  • Surat Peoples Coop Bank Ltd.
  • Thane Bharat Sahakari Bank Ltd.
  • Thane Janata Sahakari Bank
  • The Akola Janata Commercial Co-operative Bank Ltd.
  • The Akola Urban Co-operative Bank Ltd.
  • The Panipat Urban Co-operative Bank Ltd.
  • The Kapol Co-operative Bank Ltd.
  • The Khamgaon Urban Co-operative Bank Ltd.
  • Vasavi Coop Urban Bank Limited
  • Vidyasagar Cooperative Bank Limited, Midnapore
  • Zoroastrian Co-operative Bank Ltd.

Non-Scheduled Urban Co-operative Banks

There are 1423 non scheduled urban co-operative banks in India.

Foreign banks

Foreign banks in India as on 14 July 2020 - Branch/WOS/Representative form of presence as per RBI:[74]

Foreign banks operating as wholly owned subsidiary in India

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

Foreign banks with branches in India

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

Foreign banks with representative offices

List of notable foreign banks with representative offices in India:

Local Area Banks

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.[75]

List of Local Area Banks:[76]

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

Payments banks

Bank nameEstablishedHeadquartersBranchesRevenuesRefs
Airtel Payments Bank2017New Delhi, Delhi₹627 crore (US$75 million)[77][78]
India Post Payments Bank2018New Delhi, Delhi650 Branches₹55 crore (US$6.6 million)[79]
Paytm Payments Bank2017Noida, Uttar Pradesh₹2,109 crore (US$250 million)[80][81]
Jio Payments Bank2018Mumbai, Maharashtra₹13 crore (US$1.6 million)[82]
Fino Payments Bank2017Mumbai, Maharashtra410 Branches₹791 crore (US$95 million)[83][84]
NSDL Payments Bank2018Mumbai, Maharashtra₹62 crore (US$7.4 million)[85]

Small finance banks

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

Bank nameEstablishedHeadquartersBranchesTotal assetsRevenuesRefs
AU Small Finance Bank2017Jaipur, Rajasthan474₹90,216.12 crore (US$11 billion)₹9,293 crore (US$1.1 billion)[86]
Capital Small Finance Bank2016Jalandhar, Punjab47[87]
Equitas Small Finance Bank2016Chennai, Tamil Nadu412₹26,959 crore (US$3.2 billion)₹3,997 crore (US$480 million)[88]
ESAF Small Finance Bank2017Thrissur, Kerala575₹475 crore (US$57 million)[89]
Jana Small Finance Bank2018Bangalore, Karnataka611₹20,189 crore (US$2.4 billion)₹3,050 crore (US$370 million)[90]
North East Small Finance Bank2017Guwahati, Assam[91]
Shivalik Small Finance Bank2021Saharanpur, Uttar Pradesh46[92]
Suryoday Small Finance Bank2017Navi Mumbai, Maharashtra477[93]
Ujjivan Small Finance Bank2017Bangalore, Karnataka732₹33,316 crore (US$4.0 billion)₹4,754 crore (US$570 million)[94]
Unity Small Finance Bank2021Mumbai, Maharashtra[95]
Utkarsh Small Finance Bank2018Varanasi, Uttar Pradesh[96]

See also

References

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