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List of Banks in India

IndianMoney.com Research Team | Updated On Wednesday, October 17,2018, 11:27 AM

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List of Banks in India

 

 

In India the banks are being segregated in many groups. Each group has their own advantages and limitations and each has their own dedicated target market. Few of them work only in rural sector while others in both rural and urban. Many are operating only in cities, some are of Indian origin and some are foreign players. The RBI has shown firm interest to involve more of foreign banks than the existing one recently. This step has paved a way for few more foreign banks to start business in India.

Banks are also adding more and more services to their customers. The Indian banking industry is passing through a stage of customers market. The customers have more choices in choosing their banks because the numbers of banks existing in India are quite high. All these banks are introducing innovative products in the market and it has been increased the sharpness of competition. By means of firm competition and advancement in technology, the service provided by banks has become more easy and convenient. The past days are witness to an hour wait before withdrawing cash from accounts or a cheque from south of the country being cleared in one month in the north.

List of Banks in India

1. Public Sector Banks

State Bank of India (SBI)

Prior to the year 2017, SBI had associate banks, in which the parent company had varying controlling interest. After the acquisition of subsidiary banks by SBI, as approved by the Union Cabinet on 15 February 2017, subsidiary banks have ceased to exist. With effect from April 2017, the business of these banks is to be carried out by SBI, in accordance with the SBI Act, 1955.

Nationalised Banks In India

  • Allahabad Bank
  • Andhra Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • Dena Bank
  • Indian Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Syndicate Bank
  • Union Bank of India
  • United Bank of India
  • Punjab & Sind Bank
  • UCO Bank
  • Vijaya Bank

Note: The government is currently in the stage of analysing the viability of two separate mergers involving 6 nationalised banks - Bank of Baroda, Vijaya Bank, and Dena Bank into one entity, and Oriental Bank of Commerce, Punjab National Bank, and Andhra Bank into another single entity.

List of Public Sector Banks in India

IDBI Bank (Industrial Development Bank of India)

2. Private Sector Banks

Indian Private Banks

  • Axis Bank
  • Bandhan Bank
  • Catholic Syrian Bank
  • City Union Bank
  • DCB Bank (Development Credit Bank)
  • Dhanlaxmi Bank
  • Federal Bank
  • HDFC Bank (Housing Development Finance Corporation)
  • ICICI Bank (Industrial Credit and Investment Corporation of India)
  • IndusInd Bank
  • IDFC Bank (Infrastructure Development Finance Company)
  • Jammu & Kashmir Bank
  • Karnataka Bank
  • KarurVyasa Bank
  • Kotak Mahindra Bank
  • Lakshmi Vilas Bank
  • Nainital Bank
  • RBL Bank
  • South Indian Bank
  • Tamilnad Mercantile Bank
  • YES Bank

Local Area Banks (LABs)

  • Coastal Local Area Bank
  • Krishna Bhima Samruddhi Local Area Bank
  • Subhadra Local Area Bank

Small Finance Banks (SFBs)

  • AU Small Finance Bank
  • Capital Small Finance Bank
  • FINCARE Small Finance Bank
  • Equitas Small Finance Bank
  • ESAF Small Finance Bank
  • Suryoday Small Finance Bank
  • Ujjivan Small Finance Bank
  • Utkarsh Small Finance Bank
  • North East Small Finance Bank
  • Jana Small Finance Bank

Payments Banks (PBs)

  • Airtel Payments Bank
  • India Post Payments Bank (IPPB)
  • Fino Payments Bank
  • Paytm Payments Bank
  • Aditya Birla Idea Payments Bank
  • Jio Payments Bank

List Of Foreign Banks in India

  • Abu Dhabi Commercial Bank PJSC
  • American Express Banking Corp.
  • AB Bank
  • Australia & New Zealand Banking Group
  • KEB Hana Bank
  • PT Bank Maybank Indonesia TBK
  • Bank of America
  • Bank of Bahrain and Kuwait B.S.C
  • Bank of Ceylon
  • Bank of Nova Scotia
  • Bank of Tokyo - Mitsubishi UFJ
  • Barclays Bank
  • BNP Paribas
  • Citibank
  • Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.
  • Credit Agricole Corporate & Investment Bank
  • CTBC Bank
  • Credit Suisse A.G
  • DBS Bank
  • Deutsche Bank
  • Doha Bank
  • Emirates NBD Bank
  • First Abu Dhabi Bank
  • FirstRand Bank
  • Hong Kong and Shanghai Banking Corporation
  • Industrial & Commercial Bank of China
  • JP Morgan Chase Bank
  • JSC VTB Bank
  • Krung Thai Bank
  • Mizuho Bank Limited
  • Mashreqbank PSC
  • National Australia Bank
  • Industrial Bank of Korea
  • Qatar National Bank SAQ
  • Shinhan Bank
  • Societe Generale India
  • Sonali Bank Limited
  • Standard Chartered Bank
  • SBM Bank (Mauritius)
  • Sberbank
  • Sumitomo Mitsui Banking Corporation 
  • The Royal Bank of Scotland
  • United Overseas Bank
  • Westpac Banking Corporation
  • Woori Bank

3. State Co-operative Banks

  • The Andaman & Nicobar State Co-operative Bank
  • The Andhra Pradesh State Co-operative Bank
  • The Arunachal Pradesh State Co-operative Apex Bank
  • The Assam Co-operative Apex Bank
  • The Bihar State Co-operative Bank
  • The Chandigarh State Co-operative Bank
  • The Delhi State Co-operative Bank
  • The Goa State Co-operative Bank
  • The Gujarat State Co-operative Bank
  • The Haryana State Co-operative Apex Bank
  • The Himachal Pradesh State Co-operative Bank
  • The Jammu & Kashmir State Co-operative Bank
  • The Karnataka State Co-operative Apex Bank
  • The Kerala State Co-operative Bank
  • The Madhya Pradesh Rajya Sahakari Bank Maryadit
  • The Maharashtra State Co-operative Bank
  • The Manipur State Co-operative Bank
  • The Meghalaya Co-operative Apex Bank
  • The Mizoram Co-operative Apex Bank
  • The Nagaland State Co-operative Bank
  • The Orissa State Co-operative Bank
  • The Pondicherry State Co-operative Bank
  • The Punjab State Co-operative Bank
  • The Rajasthan State Co-operative Bank
  • The Sikkim State Co-operative Bank
  • The Tamil Nadu State Apex Co-operative Bank
  • The Tripura State Co-operative Bank
  • The Uttar Pradesh State Co-operative Bank
  • The West Bengal State Co-operative Bank
  • The Chattisgarh Rajya Sahakari Bank Maryadit
  • The Uttarakhand State Co-operative Bank

4. Regional Rural Banks

  • Andhra Pradesh Grameena Vikas Bank
  • Andhra Pragathi Grameena Bank
  • Chaitanya Godavari Grameena Bank
  • Telengana Grameena Bank
  • Saptagiri Grameena Bank
  • Arunachal Pradesh Rural Bank
  • Assam Gramin Vikash Bank
  • Langpi Dehangi Rural Bank
  • Bihar Gramin Bank
  • Madhya Bihar Gramin Bank
  • Uttar Bihar Gramin Bank
  • Chattisgarh Rajya Gramin Bank
  • Baroda Gujarat Gramin Bank
  • Dena Gujarat Gramin Bank
  • Saurashtra Gramin Bank
  • Sarva Haryana Gramin Bank
  • Himachal Pradesh Gramin Bank
  • Ellaquai Dehati Bank
  • Jammu & Kashmir Grameen Bank
  • Jharkhand Gramin Bank
  • Vananchal Gramin Bank
  • Kaveri Grameena Bank
  • Karnataka Vikas Grameena Bank
  • Pragathi Krishna Gramin Bank
  • Madhyanchal Gramin Bank
  • Narmada Jhabua Gramin Bank
  • Central Madhya Pradesh Gramin Bank
  • Vidharbha Konkan Gramin Bank
  • Maharashtra Gramin Bank
  • Manipur Rural Bank
  • Meghalaya Rural Bank
  • Mizoram Rural Bank
  • Nagaland Rural Bank
  • Utkal Grameen bank
  • Odisha Gramya Bank
  • Puduvai Bharathiar Grama Bank
  • Malwa Gramin Bank
  • Punjab Gramin Bank
  • Sutlej Gramin Bank
  • Baroda Rajasthan Kshetriya Gramin Bank
  • Rajasthan Marudhara Gramin Bank
  • Pallavan Grama Bank
  • Pandyan Grama Bank
  • Tripura Gramin Bank
  • Allahabad UP Gramin Bank
  • Gramin Bank of Aryavart
  • Baroda UP Gramin Bank
  • Kashi Gomti Samyut Gramin Bank
  • Prathama Bank
  • Purvanchal Bank
  • Sarva UP Gramin Bank
  • Uttarakhand Gramin Bank
  • Bangiya Gramin Vikas Bank
  • Paschim Banga Gramin Bank
  • Uttarbanga Kshetriya Gramin Bank
  • Kerala Gramin Bank

Other Financial Institutions

  • NABARD (National Bank for Agriculture and Rural Development)
  • EXIM (Export-Import Bank of India)
  • National Housing Bank
  • SIDBI (Small Industries Development Bank of India)

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