List of banks in India

Banks in India are classified into four categories -

Banks in India
Commercial BankSmall Finance BankPayments BankCo-operative Bank
Public SectorUrban Co-op.
Private SectorRural Co-op.
Regional Rural Bank
Foreign Bank

Public-sector banksEdit

  • Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the government.
  • In April 2019, Vijaya Bank and Dena Bank were merged with Bank of Baroda.[1]
  • On 30 August 2019, Union Finance Minister Nirmala Sitaraman announced merger of six public sector banks (PSBs) with four better performing anchor banks in order to streamline their operation and size, two banks were amalgamated to strengthen national presence and four were amalgamated to strengthen regional focuses. Subsequently, the number of public sector bank has been reduced to 12 from 27.[2][3] This new amalgamation came effective from 1 April 2020.[4]

List of Public-Sector Banks in India as of 1 April 2020:

Anchor Bank Government
Shareholding
Merged Banks Branches Established Headquarter Total Assets Revenues Refs
Bank of Baroda 63.74% 9,481 1908 Vadodara, Gujarat 16,130 billion (US$230 billion) 422 billion (US$5.9 billion) [1][5]
Bank of India 87.054% 5,000 1906 Mumbai, Maharashtra 9,030 billion (US$130 billion) 418 billion (US$5.9 billion) [6]
Bank of Maharashtra 87.01% 1,897 1935 Pune, Maharashtra 2,340 billion (US$33 billion) 130.53 billion (US$1.8 billion)
Canara Bank 72.55% 10,342 1906 Bengaluru, Karnataka 15,203 billion (US$210 billion) 558.30 billion (US$7.8 billion) [7]
Central Bank of India 88.02% 4,666 1911 Mumbai, Maharashtra 4,680 billion (US$66 billion) 259 billion (US$3.6 billion)
Indian Bank 81.73% 6,104 1907 Chennai, Tamil Nadu 8,080 billion (US$110 billion) 405.74 billion (US$5.7 billion) [7]
Indian Overseas Bank 91% 3,400 1937 Chennai, Tamil Nadu 3,750 billion (US$53 billion) 235.2 billion (US$3.3 billion) [8]
Punjab and Sind Bank 79.62% 1,554 1908 New Delhi, Delhi 1,710 billion (US$24 billion) 87.44 billion (US$1.2 billion)
Punjab National Bank 70.22% 11,437 1894 New Delhi, Delhi 17,940 billion (US$250 billion) 774.22 billion (US$11 billion) [7]
State Bank of India 61% 24,000 1955 Mumbai, Maharashtra 52,050 billion (US$730 billion) 2,110.00 billion (US$30 billion) [9]
UCO Bank 93.29% 4,000 1943 Kolkata, West Bengal 3,170 billion (US$44 billion) 185.61 billion (US$2.6 billion) [10]
Union Bank of India 67.43% 9,609 1919 Mumbai, Maharashtra 14,594 billion (US$200 billion) 696.39 billion (US$9.8 billion) [7]

Private-sector banksEdit

List of Private Banks: At present, there are 22 private banks in India as of 1 April 2020.

Bank Name Est. Headquarters Branches Revenues Total Assets Ref
Axis Bank 1993 Mumbai, Maharashtra 4,800 414.093 billion (US$5.8 billion) 10,600 billion (US$150 billion)
Bandhan Bank 2015 Kolkata, West Bengal 1,000 43.20 billion (US$610 million) 302.36 billion (US$4.2 billion)
Catholic Syrian Bank 1920 Thrissur, Kerala 426 16.17 billion (US$230 million) 162.2324 billion (US$2.3 billion)
City Union Bank 1904 Thanjavur, Tamil Nadu 600 29.4421 billion (US$410 million) 352.71 billion (US$4.9 billion)
DCB Bank 1930 Mumbai, Maharashtra 323 20.76 billion (US$290 million) 240.46 billion (US$3.4 billion)
Dhanlaxmi Bank 1927 Thrissur, Kerala 269 11.16 billion (US$160 million) 122.86 billion (US$1.7 billion)
Federal Bank 1931 Kochi, Kerala 1,252 97.5920 billion (US$1.4 billion) 1,149.8 billion (US$16 billion)
HDFC Bank 1994 Mumbai, Maharashtra 4,787 816.02 billion (US$11 billion) 8,638 billion (US$120 billion)
ICICI Bank 1994 Mumbai, Maharashtra 4,882 736.60 billion (US$10 billion) 12,720 billion (US$180 billion) [11]
IDBI Bank 1964 Mumbai, Maharashtra 1,892 253.71 billion (US$3.6 billion) 3,144.57 billion (US$44 billion) [12]
IDFC First Bank 2015 Mumbai, Maharashtra 301 85.327 billion (US$1.2 billion) 1,121.6 billion (US$16 billion)
IndusInd Bank 1994 Mumbai, Maharashtra 1,004 185.77 billion (US$2.6 billion) 1,786 billion (US$25 billion)
Jammu & Kashmir Bank 1938 Srinagar, Jammu and Kashmir 958 71.66 billion (US$1.0 billion) 820.18 billion (US$11 billion)
Karnataka Bank 1924 Mangaluru, Karnataka 835 51.85 billion (US$730 million) 641.26 billion (US$9.0 billion)
Karur Vysya Bank 1916 Karur, Tamil Nadu 668 54.43 billion (US$760 million) 576.63 billion (US$8.1 billion)
Kotak Mahindra Bank 2003 Mumbai, Maharashtra 1,369 211.76 billion (US$3.0 billion) 2,146 billion (US$30 billion)
Lakshmi Vilas Bank 1926 Karur, Tamil Nadu 570 25.68 billion (US$360 million) 287.32 billion (US$4.0 billion)
Nainital Bank 1922 Nainital, Uttarakhand 135 6.12 billion (US$86 million) 7.7 billion (US$110 million)
RBL Bank 1943 Mumbai, Maharashtra 342 44.68 billion (US$630 million) 486.74 billion (US$6.8 billion)
South Indian Bank 1929 Thrissur, Kerala 852 65.62 billion (US$920 million) 743.12 billion (US$10 billion)
Tamilnad Mercantile Bank 1921 Thoothukudi, Tamil Nadu 509 38.11 billion (US$530 million) 322.4 billion (US$4.5 billion)
Yes Bank 2004 Mumbai, Maharashtra 1,050 3.6 billion (US$50 million) 2,150 billion (US$30 billion)

Regional Rural Banks (RRBs)Edit

List of Regional Rural Bank: At present, there are 43 RRBs in India as of 1 April 2020.

State Bank's Name Established Headquarters Branches Sponsor Bank Ref
Andhra Pradesh Andhra Pradesh Grameena Vikas Bank 2006 Warangal, Telangana 755 State Bank of India
Andhra Pragathi Grameena Bank 2006 Kadapa, Andhra Pradesh Canara Bank
Chaitanya Godavari Gramin Bank 2006 Guntur, Andhra Pradesh 219 Union Bank of India
Saptagiri Gramin Bank 2006 Chittoor, Andhra Pradesh 220 Indian Bank
Arunachal Pradesh Arunachal Pradesh Rural Bank 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 1976 Muzaffarpur, India 1001 Central Bank of India
Chhattisgarh Chhattisgarh Rajya Gramin Bank State Bank of India
Gujarat Baroda Gujarat Gramin Bank Bank of Baroda
Saurashtra Gramin Bank State Bank of India
Haryana Sarva Haryana Gramin Bank Punjab National Bank
Himachal Pradesh Himachal Pradesh Gramin Bank Punjab National Bank
Jammu And Kashmir Ellaquai Dehati Bank State Bank of India
Jammu And Kashmir Grameen Bank J&K Bank Ltd.
Jharkhand Jharkhand Rajya Gramin Bank State Bank Of India
Karnataka Karnataka Gramin Bank Canara Bank
Karnataka Vikas Grameena Bank 2005 Dharwad, Karnataka 633 Canara Bank
Kerala Kerala Gramin Bank 2013 Malappuram, Kerala 634 Canara Bank [13]
Madhya Pradesh Madhya Pradesh Gramin Bank Bank of India
Madhyanchal Gramin Bank 2012 Sagar, Madhya Pradesh State Bank of India
Maharashtra Maharashtra Gramin Bank 2008 Aurangabad, India 391 Bank of Maharashtra
Vidarbha Konkan Gramin Bank Bank of India
Manipur Manipur Rural Bank Punjab National Bank
Meghalaya Meghalaya Rural Bank State Bank of India
Mizoram Mizoram Rural Bank 1983 Aizawl, Mizoram 85 State Bank of India
Nagaland Nagaland Rural Bank State Bank of India
Odisha Odisha Gramya Bank 2013 Bhubaneswar, India 549 Indian Overseas Bank
Utkal Grameen Bank 2012 Bolangir, India 442 State Bank of India
Puducherry Puduvai Bharathiar Grama Bank 2008 Pondicherry, India Indian Bank
Punjab Punjab Gramin Bank Punjab National Bank
Rajasthan Rajasthan Marudhara Gramin Bank State Bank of India
Baroda Rajasthan Kshetriya Gramin Bank Bank of Baroda
Tamil Nadu Tamil Nadu Grama Bank 2019 Salem, Tamil Nadu 630 Indian Bank
Telangana Telangana Grameena Bank State Bank of India
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 2006 Gorakhpur, Uttar Pradesh 2050 Bank of Baroda
Prathama UP Gramin Bank 2019 Moradabad, Uttar Pradesh Punjab National Bank
Uttarakhand Uttarakhand Gramin Bank 2012 Dehradun, Uttarakhand 286 State Bank of India
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 Central Bank of India

Foreign banksEdit

Foreign banks with branchesEdit

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

Foreign banks with representative officesEdit

List of notable foreign banks with representative offices in India:

Small finance banksEdit

Bank Name Established Headquarters Branches Revenues Total Assets Ref
Ujjivan Small Finance Bank 2017 Bangalore 464 9,473 crore (US$1.3 billion)
Jana Small Finance Bank 2018 Bangalore [14]
Equitas Small Finance Bank 2016 Chennai 412 ₹31.35 crores (US$5 million) ₹1,787.41 crores (US$274 million)
AU Small Finance Bank 2017 Jaipur 396 292 crore (US$41 million) 2,155.25 crore (US$300 million)
Capital Small Finance Bank 2016 Jalandhar [15]
Fincare Small Finance Bank 2017 Bangalore [16]
ESAF Small Finance Bank 2017 Thrissur 400 475 crore (US$67 million) [17]
North East Small Finance Bank 2017 Guwahati [18]
Suryoday Small Finance Bank 2017 Navi Mumbai [19]

Payments banksEdit

Bank Name Established Headquarters Revenues Total Assets Ref
Airtel Payments Bank 2017 New Delhi, Delhi [20]
India Post Payments Bank 2018 New Delhi, Delhi [21]
Jio Payments Bank 2018 Mumbai, Maharashtra
Paytm Payments Bank 2017 Noida, Uttar Pradesh
NSDL Payments Bank 2018 Mumbai, Maharashtra
Fino Payment Bank 2017

Mumbai, Maharashtra

Cooperative banksEdit

State Co-operative Banks (SCBs)Edit

List of State Co-operative Banks:

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

Urban Co-operative Banks (UCBs)Edit

List of scheduled and unscheduled Urban Co-operative Banks:

  • Ahmedabad Mercantile Co-Op Bank Ltd
  • Kalupur Commercial Co-Op Bank Ltd
  • The Mehsana Urban Co-Op Bank Ltd
  • Nutan Nagarik Sahakari Bank Ltd
  • Rajkot Nagrik Sahakari Bank Ltd
  • Sardar Bhiladwala Pardi People's Co-Op. Bank Ltd
  • Surat Peoples Coop Bank Ltd
  • Amanath Co-operative Bank Ltd Bangalore
  • Andhra Pradesh Mahesh Co-Op Urban Bank Ltd
  • Indian Mercantile Co-operative Bank Ltd
  • Abhyudaya Co-operative Bank Ltd
  • Apna Sahakari Bank Ltd
  • Bassein Catholic Co-operative Bank Ltd
  • Bharat Co-operative Bank (Mumbai) Ltd
  • Bharati Sahakari Bank Limited.
  • Bombay Mercantile Co-operative Bank Limited MUMBAI
  • Citizen Credit Co-operative Bank Ltd. Mumbai
  • Cosmos Bank
  • Dombivli Nagari Sahakari Bank Ltd.
  • Gopinath Patil Parsik Janata Sahakari Bank Ltd
  • Greater Bombay Co-operative Bank Limited MUMBAI
  • GS Mahanagar Co-operative Bank Ltd. Mumbai
  • Jalgaon Janata Sahakari Bank Ltd.
  • Jalgaon People's Co-operative Bank Ltd.
  • Janakalyan Sahakari Bank Ltd Mumbai
  • Janalaxmi Co-operative Bank Ltd. Nashik
  • Janata Sahakari Bank Ltd. Pune
  • Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd
  • Kalyan Janata Sahakari Bank Ltd
  • Kapol Co-operative Bank Ltd., Mumbai
  • Karad Urban Co-operative Bank Ltd.
  • Nagar Urban Co-operative Bank Ltd., Ahmednagar
  • Nasik Merchant's Co-operative Bank Ltd.
  • New India Co-operative Bank Ltd. Mumbai
  • NKGSB Co-operative Bank Ltd. Mumbai
  • Pravara Sahakari Bank Ltd.
  • Punjab and Maharashtra Co-operative Bank
  • Rajarambapu Sahakari Bank Ltd
  • Rupee Co-operative Bank Ltd Pune
  • Sangli Urban Co-operative Bank Ltd
  • Saraswat Bank
  • Shamrao Vithal Co-operative Bank
  • Solapur Janata Sahakari Bank Ltd
  • Thane Bharat Sahakari Bank Ltd
  • TJSB Sahakari Bank
  • The Jaynagar Majilpur People's Co-Operative Bank Ltd.
  • Vasai Vikas Sahakari Bank Ltd.
  • Zoroastrian Co-operative Bank Ltd Mumbai
  • Nagpur Nagrik Sahakari Bank Ltd
  • Shikshak Sahakari Bank Ltd. Nagpur
  • The Akola Janata Commercial Co-operative Bank Ltd. Akola
  • The Akola Urban Co-operative Bank Ltd. Akola
  • The Khamgaon Urban Co-operative Bank Ltd
  • Goa Urban Co-operative Bank Limited.
  • Mapusa Urban Co-operative Bank of Goa Ltd

Local area banksEdit

Local area banks are non scheduled banks and 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 the local areas. They were established as public limited companies in the private sector. They are promoted either by individuals, corporate, trusts or societies. The minimum paid up capital of such banks is ₹5 crores. The promoter's contribution should be at least ₹2 crores. Local area banks can operate and open their branches in a maximum of three geographically contiguous districts. They are governed by the provisions of Reserve Bank of India act 1934, Banking Regulation act 1949 and other relevant statutes. They are to be registered as public limited companies under the Indian companies act 1956. Since they are non scheduled banks, they cannot borrow funds from Reserve Bank of India like other scheduled commercial banks.[22]

See alsoEdit

ReferencesEdit

  1. ^ a b "Dena Bank, Vijaya Bank merges with Bank of Baroda". Livemint. 1 April 2019.
  2. ^ "Modi govt's mega bank merger drive: Now there will be only 12 PSU banks". India Today. 30 August 2019.
  3. ^ "Big bank mergers: Government turns ten PSBs into four". Economic Times. 30 August 2019.
  4. ^ "Merged entity of UBI, PNB, OBC to become operational from 1 April next year". Livemint. 30 August 2019.
  5. ^ "Offices & Branches". Bank of Baroda. Retrieved 16 March 2019.
  6. ^ India, Press Trust of (1 November 2019). "Bank of India posts Rs 266 crore profit in Q2, eyes 10% growth in FY20". Business Standard India. Retrieved 22 November 2019.
  7. ^ a b c d "PNB to be 2nd largest PSB post merger, Canara fourth, UBI fifth, Allahabad 7th". Economic Times. Retrieved 16 March 2019.
  8. ^ "Indian Overseas Bank". Business Standard India. Retrieved 26 February 2020.
  9. ^ "Five associate banks, BMB merge with SBI". The Hindu. Retrieved 16 March 2019.
  10. ^ "Efforts of banks under PCA framework are being monitored: RBI Governor". The Economic Times. 22 February 2020.
  11. ^ "ICICI Bank- About Us". ICICI Bank.
  12. ^ Re-categorization of IDBI Bank Ltd. as a Private Sector Bank: https://www.idbibank.in/idbi-bank-history.asp
  13. ^ https://www.keralagbank.com/about-us/profile/
  14. ^ "Jana Small Finance Bank commences operations to continue its focus on financial inclusion". The Times of India. 2 April 2018. Retrieved 16 August 2018.
  15. ^ "Capital Small Finance Bank Ltd. commences Operations". Reserve Bank of India. 27 April 2016. Retrieved 16 August 2018.
  16. ^ "Fincare Small Finance Bank commences banking operations, ready to usher an era of 'Rurban' banking". BW Education. 26 July 2017. Retrieved 16 August 2018.
  17. ^ "ESAF SFB fulfils banking dreams of commom man". Passline Business Magazine. 4 August 2017. Retrieved 14 December 2018.
  18. ^ "North East Small Finance Bank starts operations: RBI". The Economic Times. 17 October 2017. Retrieved 16 August 2018.
  19. ^ "Suryoday, Utkarsh small finance banks commence operations". Business Standard India. 23 January 2017. Retrieved 16 August 2018.
  20. ^ "Airtel launches India's first payments bank". Livemint. 23 November 2016. Retrieved 29 April 2020.
  21. ^ "Prime Minister launches India Post Payments Bank". The Hindu. 1 September 2018. Retrieved 29 April 2020.
  22. ^ https://m.rbi.org.in//scripts/PublicationReportDetails.aspx?ID=294

External linksEdit