Types of Banks in India

The different types of banks in India are:

Commercial Banking System in India

Commercial Banks are is the institutions that ordinarily accept deposits from the people and advance loans. Commercial Banks are also created in India; such banks alone are called Commercial Banks which have been established in accordance with the provisions of the Banking Regulation Act, 1949. Commercial banks can be broadly divided into the public sector banks, private sector banks, foreign banks and RRBs. 

Public Sector Banks– The rights of these banks are under the Government or the country’s central bank. In Public Sector Banks the majority stake is held by the government. After the recent amalgamation of smaller banks with larger banks, there are 12 public sector banks in India as of now. A detailed list of public sector banks with website links is given below.

Private Sector Banks– Private sector banks denominating shareholder is either a private entity, individual, or group of individuals. There are 21 private sector banks in India at present as per RBI records. A detailed list of private sector banks with website links is given below.

Regional Rural Banks (RRBs)– Regional Rural Banks are government-owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance, Government of India. They were created to serve rural areas with basic banking and financial services. There are 43 RRBs currently operating in India under RBI guidelines. A detailed list of RRBs with website links is given below.

Foreign Banks– These banks are headquartered outside India and are operating in India as well by setting up their branches. There are 44 foreign banks having a branch presence in India. A detailed list of foreign banks with website links is given below.

The top 5 Functions Performed by Commercial Banks are:

(a) Accepting Deposits:
(b) Advancing Loans:
(c) Discounting Bills of Exchange or Hundies:
(d) Transfer of Money:
(e) Miscellaneous Functions:

List of Commercial Banks in India with website links
List of Private Sector Banks in India
Sr. No Name of the Bank
1 Axis Bank Ltd.
2 Bandhan Bank Ltd.
3 CSB Bank Limited
4 City Union Bank Ltd.
5 DCB Bank Ltd.
6 Dhanlaxmi Bank Ltd.
7 Federal Bank Ltd.
8 HDFC Bank Ltd
9 ICICI Bank Ltd.
10 IndusInd Bank Ltd
11 IDFC FIRST Bank Limited
12 Jammu & Kashmir Bank Ltd.
13 Karnataka Bank Ltd.
14 Karur Vysya Bank Ltd.
15 Kotak Mahindra Bank Ltd
16 Nainital Bank Ltd.
17 RBL Bank Ltd.
18 South Indian Bank Ltd.
19 Tamilnad Mercantile Bank Ltd.
20 YES Bank Ltd.
21 IDBI Bank Limited
List of Public Sector Banks in India
Sr. No Name of the Bank
1 Bank of Baroda
2 Bank of India
3 Bank of Maharashtra
4 Canara Bank
5 Central Bank of India
6 Indian Bank
7 Indian Overseas Bank
8 Punjab & Sind Bank
9 Punjab National Bank
10 State Bank of India
11 UCO Bank
12 Union Bank of India
List of Regional Rural Banks in India
Sr. No. Name of RRB
1 Assam Gramin Vikash Bank
2 Andhra Pradesh Grameena Vikas Bank
3 Andhra Pragathi Grameena Bank
4 Arunachal Pradesh Rural Bank
5 Aryavart Bank
6 Bangiya Gramin Vikash Bank
7 Baroda Gujarat Gramin Bank
8 Baroda Rajasthan Kshetriya Gramin Bank
9 Baroda UP Bank
10 Chaitanya Godavari GB
11 Chhattisgarh Rajya Gramin Bank
12 Dakshin Bihar Gramin Bank
13 Ellaquai Dehati Bank
14 Himachal Pradesh Gramin Bank
15 J&K Grameen Bank
16 Jharkhand Rajya Gramin Bank
17 Karnataka Gramin Bank
18 Karnataka Vikas Gramin Bank
19 Kerala Gramin Bank
20 Madhya Pradesh Gramin Bank
21 Madhyanchal Gramin Bank
22 Maharashtra Gramin Bank
23 Manipur Rural Bank
24 Meghalaya Rural Bank
25 Mizoram Rural Bank
26 Nagaland Rural Bank
27 Odisha Gramya Bank
28 Paschim Banga Gramin Bank
29 Prathama U.P. Gramin Bank
30 Puduvai Bharathiar Grama Bank
31 Punjab Gramin Bank
32 Rajasthan Marudhara Gramin Bank
33 Saptagiri Grameena Bank
34 Sarva Haryana Gramin Bank
35 Saurashtra Gramin Bank
36 Tamil Nadu Grama Bank
37 Telangana Grameena Bank
38 Tripura Gramin Bank
39 Uttar Bihar Gramin Bank
40 Utkal Grameen Bank
41 Uttarbanga Kshetriya Gramin Bank
42 Vidharbha Konkan Gramin Bank
43 Uttarakhand Gramin Bank 
List of foreign banks having branch – presence in India
Sr. No. Name of the bank
1 Australia and New Zealand Banking Group Ltd.
2 National Australia Bank
3 Westpac Banking Corporation
4 Bank of Bahrain & Kuwait BSC
5 AB Bank Ltd.
6 Sonali Bank Ltd. %
7 Bank of Nova Scotia
8 Industrial & Commercial Bank of China Ltd. #
9 BNP Paribas
10 Credit Agricole Corporate & Investment Bank #
11 Societe Generale
12 Deutsche Bank
13 HSBC Ltd #
14 PT Bank Maybank Indonesia TBK
15 Mizuho Bank Ltd.
16 Sumitomo Mitsui Banking Corporation
17 MUFG Bank, Ltd.
18 Cooperatieve Rabobank U.A.
19 Doha Bank
20 Qatar National Bank SAQ
21 JSC VTB Bank
22 Sberbank
23 DBS Bank Ltd.
24 United Overseas Bank Ltd.
25 FirstRand Bank Ltd.
26 Shinhan Bank
27 Woori Bank
28 KEB Hana Bank
29 Industrial Bank of Korea #
30 Bank of Ceylon
31 Credit Suisse A.G
32 CTBC Bank Co., Ltd.
33 Krung Thai Bank Public Co. Ltd. $
(Does not maintain India specific website or link. Link for information on branch details:
34 Abu Dhabi Commercial Bank Ltd.
35 Mashreq Bank PSC
36 First Abu Dhabi Bank PJSC
37 Emirates NBD Bank PJSC
38 Barclays Bank Plc.
39 Standard Chartered Bank
40 NatWest Markets plc
41 American Express Banking Corp.
42 Bank of America
43 Citibank N.A.
44 J.P. Morgan Chase Bank N.A.


About the author

Dileep K Nair

Mr Dileep is currently the managing partner of Unifinn Capital Global and an advisor to the investment banking and corporate finance world. He is a mentor, entrepreneur and business advisor with an overall 19 years experience, 12 plus years of banking and finance experience and 7 plus years experience in investment banking and corporate finance, with relevant experience in handling private equity transactions, private debt, venture capital, angel investing, M&A, other growth capital transactions and real estate financing transactions.



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