List of Commercial Banks in India

LIST OF SCHEDULED COMMERCIAL BANKS IN INDIA WITH CLASSIFICATION AS PUBLIC SECTOR BANKS, PRIVATE SECTOR BANKS, REGIONAL RURAL BANKS (RRB) AND FOREIGN BANKS

 

Types of Banks in India

The different types of banks in India are:

• Central Bank.
• Cooperative Banks.
• Commercial Banks.
• Regional Rural Banks (RRB)
• Local Area Banks (LAB)
• Specialized Banks.
• Small Finance Banks.
• Payments Banks.

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: https://www.ktb.co.th/th/content/others/foreign-location-detail)
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. dileep.nair@unifinn.com https://unifinn.com LinkedIn

 

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