Banking in India is not just a business; it's an integral part of daily life and the economy. The Evolution of Indian Banks is a fascinating journey from traditional lending systems to sophisticated banking networks. The list of banks in India is broadly classified, and understanding the Classification of Banks in India is important to navigating this complex landscape.
Public Sector Banks (PSBs)
Public Sector Banks are the backbone of Indian banking, with the government holding a majority stake. Diving into the leading public sector banks, we see institutions like the State Bank of India standing tall. These banks offer a wide range of services offered by PSBs, from basic savings accounts to complex corporate banking solutions.
Private Sector Banks in India
In contrast, Private Sector Banks bring competitiveness to the industry. Prominent Private Sector Banks such as HDFC and ICICI are known for their customer service and innovative products. They also bring certain Advantages of Private Banks to the table, including personalized services and tech-driven banking experiences.
Foreign Banks in India
The Indian banking sector also houses several Notable Foreign Banks. These international players add diversity and global expertise to the market. Each of these banks has unique offerings of foreign banks in India, which cater to a niche set of customers looking for global banking services.
Regional Rural Banks (RRBs)
RRBs serve the rural parts of India, aiming to improve the economic scenario of the rural populace. Understanding the purpose and reach of RRBs is key to acknowledging their role in financial inclusion.
Small Finance Banks and Payment Banks
Innovation in banking has given rise to niche banking models for the Indian Economy, like Small Finance Banks and Payment Banks. These institutions are revolutionizing how banking services are perceived and accessed by the masses.
List of Bank Institutions in India
Commercial banks
Public sector banks
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Indian Bank
Indian Overseas Bank
Punjab & Sind Bank
Punjab National Bank
State Bank of India
UCO Bank
Union Bank of India
Private sector banks in India
Axis Bank Ltd.
Bandhan Bank Ltd.
CSB Bank Ltd.
City Union Bank Ltd.
DCB Bank Ltd.
Dhanlaxmi Bank Ltd.
Federal Bank Ltd.
HDFC Bank Ltd
ICICI Bank Ltd.
Induslnd Bank Ltd
IDFC First Bank Ltd.
Jammu & Kashmir Bank Ltd.
Karnataka Bank Ltd.
Karur Vysya Bank Ltd.
Kotak Mahindra Bank Ltd
Nainital Bank Ltd.
RBL Bank Ltd.
South Indian Bank Ltd.
Tamilnad Mercantile Bank Ltd.
YES Bank Ltd.
IDBI Bank Ltd.
Regional rural banks
Andhra Pragathi Grameena Bank
Andhra Pradesh Grameena Vikas Bank
Arunachal Pradesh Rural Bank
Aryavart Bank
Assam Gramin Vikash Bank
Bangiya Gramin Vikas Bank
Baroda Gujarat Gramin Bank
Baroda Rajasthan Kshetriya Gramin Bank
Baroda UP Bank
Chaitanya Godavari Grameena Bank
Chhattisgarh Rajya Gramin Bank
Dakshin Bihar Gramin Bank
Ellaquai Dehati Bank
Himachal Pradesh Gramin Bank
J&K Grameen Bank
Jharkhand Rajya Gramin Bank
Karnataka Gramin Bank
Karnataka Vikas Grameena Bank
Kerala Gramin Bank
Madhya Pradesh Gramin Bank
Madhyanchal Gramin Bank
Maharashtra Gramin Bank
Manipur Rural Bank
Meghalaya Rural Bank
Mizoram Rural Bank
Nagaland Rural Bank
Odisha Gramya Bank
Paschim Banga Gramin Bank
Prathama UP Gramin Bank
Puduvai Bharathiar Grama Bank
Punjab Gramin Bank
Rajasthan Marudhara Gramin Bank
Saptagiri Grameena Bank
Sarva Haryana Gramin Bank
Saurashtra Gramin Bank
Tamil Nadu Grama Bank
Telangana Grameena Bank
Tripura Gramin Bank
Utkal Grameen bank
Uttar Bihar Gramin Bank
Uttarakhand Gramin Bank
Uttarbanga Kshetriya Gramin Bank
Vidharbha Konkan Gramin Bank
Foreign banks
AB Bank Ltd.
American Express Banking Corporation
Australia and New Zealand Banking Group Ltd.
Barclays Bank Plc.
Bank of America
Bank of Bahrain & Kuwait BSC
Bank of Ceylon
Bank of China
Bank of Nova Scotia
BNP Paribas
Citibank N.A.
Cooperatieve Rabobank U.A.
Credit Agricole Corporate & Investment Bank
Credit Suisse A.G
CTBC Bank Co., Ltd.
DBS Bank India Limited*
Deutsche Bank
Doha Bank Q.P.S.C
Emirates Bank NBD
First Abu Dhabi Bank PJSC
FirstRand Bank Ltd
HSBC Ltd
Industrial & Commercial Bank of China Ltd.
Industrial Bank of Korea
J.P. Morgan Chase Bank N.A.
JSC VTB Bank
KEB Hana Bank
Kookmin Bank
Krung Thai Bank Public Co. Ltd.
Mashreq Bank PSC
Mizuho Bank Ltd.
MUFG Bank, Ltd.
NatWest Markets Plc
NongHyup Bank
PT Bank Maybank Indonesia TBK
Qatar National Bank (Q.P.S.C.)
Sberbank
SBM Bank (India) Limited*
Shinhan Bank
Societe Generale
Sonali Bank Ltd.
Standard Chartered Bank
Sumitomo Mitsui Banking Corporation
United Overseas Bank Ltd
Woori Bank
Small finance banks
Au Small Finance Bank Limited
Capital Small Finance Bank Limited
Equitas Small Finance Bank Limited
Suryoday Small Finance Bank Limited
Ujjivan Small Finance Bank Limited
Utkarsh Small Finance Bank Limited
ESAF Small Finance Bank Limited
Fincare Small Finance Bank Limited
Jana Small Finance Bank Limited
North East Small Finance Bank Limited
Shivalik Small Finance Bank Limited
Unity Small Finance Bank Limited
Payment banks
India Post Payments Bank Limited
Fino Payments Bank Limited
Paytm Payments Bank Limited
Airtel Payments Bank Limited
