This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]
There are 12 public sector banks in India as of 1 March 2023. [3]
Anchor bank | Established | Headquarters | Government shareholding | Branches | Total assets | Revenues | Refs |
---|---|---|---|---|---|---|---|
Bank of Baroda | 1908 | Vadodara, Gujarat | 63.97% | 9,693 | ₹1,525,878.97 crore (US$190 billion) | ₹110,777.98 crore (US$14 billion) | [4] [5] [6] |
Bank of India | 1906 | Mumbai, Maharashtra | 81.41% | 5,152 | ₹815,555.61 crore (US$100 billion) | ₹54,747.61 crore (US$6.9 billion) | [7] [8] |
Bank of Maharashtra | 1935 | Pune, Maharashtra | 90.97% | 2,022 | ₹184,082 crore (US$23 billion) | ₹13,144.67 crore (US$1.6 billion) | [9] |
Canara Bank | 1906 | Bengaluru, Karnataka | 62.93% | 9,677 | ₹1,381,029.56 crore (US$170 billion) | ₹111,209.76 crore (US$14 billion) | [10] [11] [12] |
Central Bank of India | 1911 | Mumbai, Maharashtra | 93.08% | 4,608 | ₹369,214.99 crore (US$46 billion) | ₹25,897.44 crore (US$3.2 billion) | [13] |
Indian Bank | 1907 | Chennai, Tamil Nadu | 79.86% | 5,787 | ₹710,500.73 crore (US$89 billion) | ₹52,085 crore (US$6.5 billion) | [14] [15] |
Indian Overseas Bank | 1937 | Chennai, Tamil Nadu | 96.38% | 3,217 | ₹274,000.35 crore (US$34 billion) | ₹22,422.91 crore (US$2.8 billion) | [14] [15] |
Punjab and Sind Bank | 1908 | New Delhi, NCT of Delhi | 97.07% | 1,526 | ₹121,067.55 crore (US$15 billion) | ₹8,826.92 crore (US$1.1 billion) | [16] |
Punjab National Bank | 1894 | Dwarka, NCT of Delhi | 73.15% | 10,769 | ₹1,493,648.94 crore (US$190 billion) | ₹102,880.50 crore (US$13 billion) | [10] [17] |
State Bank of India | 1955 | Mumbai, Maharashtra | 57.62% | 22,219 | ₹5,954,418.30 crore (US$750 billion) | ₹473,378.14 crore (US$59 billion) | [18] [19] [20] |
UCO Bank | 1943 | Kolkata, West Bengal | 95.39% | 3,087 | ₹253,336.1092 crore (US$32 billion) | ₹18,166.42 crore (US$2.3 billion) | [21] [22] |
Union Bank of India | 1919 | Mumbai, Maharashtra | 83.49% | 9,315 | ₹1,288,357.10 crore (US$160 billion) | ₹97,078.50 crore (US$12 billion) | [10] [23] |
There are 21 private banks in India as of 1 March 2023.
Bank name | Established | Headquarters | Branches | Total assets | Revenues | Refs |
---|---|---|---|---|---|---|
Axis Bank | 1993 | Mumbai, Maharashtra | 4,594 | ₹1,344,418 crore (US$170 billion) | ₹106,155 crore (US$13 billion) | [24] |
Bandhan Bank | 2015 | Kolkata, West Bengal | 1,627 | ₹114,993 crore (US$14 billion) | ₹14,633 crore (US$1.8 billion) | [25] |
CSB Bank | 1920 | Thrissur, Kerala | 512 | ₹23,337 crore (US$2.9 billion) | ₹3,450 crore (US$430 million) | [26] |
City Union Bank | 1904 | Kumbakonam, Tamil Nadu | 702 | ₹53,311 crore (US$6.7 billion) | ₹4,839 crore (US$610 million) | [27] [28] |
DCB Bank | 1930 | Mumbai, Maharashtra | 352 | ₹39,602 crore (US$5.0 billion) | ₹3,916 crore (US$490 million) | [29] |
Dhanlaxmi Bank | 1927 | Thrissur, Kerala | 245 | ₹13,096 crore (US$1.6 billion) | ₹1,072 crore (US$130 million) | [30] |
Federal Bank | 1931 | Kochi, Kerala | 1,272 | ₹204,966 crore (US$26 billion) | ₹15,702 crore (US$2.0 billion) | [31] |
HDFC Bank | 1994 | Mumbai, Maharashtra | 7,860 | ₹2,530,432 crore (US$320 billion) | ₹205,000 crore (US$26 billion) | [32] [33] |
ICICI Bank | 1994 | Mumbai, Maharashtra | 5,266 | ₹1,958,490.50 crore (US$250 billion) | ₹186,178.50 crore (US$23 billion) | [34] [35] [36] |
IDBI Bank | 1964 | Mumbai, Maharashtra | 1,937 | ₹298,652 crore (US$37 billion) | ₹24,803 crore (US$3.1 billion) | [37] [38] |
IDFC First Bank | 2015 | Mumbai, Maharashtra | 707 | ₹163,071 crore (US$20 billion) | ₹18,221 crore (US$2.3 billion) | [39] |
IndusInd Bank | 1994 | Mumbai, Maharashtra | 2,015 | ₹362,903 crore (US$45 billion) | ₹28,999 crore (US$3.6 billion) | [40] |
Jammu & Kashmir Bank | 1938 | Srinagar, Jammu and Kashmir | 957 | ₹82,018 crore (US$10 billion) | ₹7,166 crore (US$900 million) | [41] |
Karnataka Bank | 1924 | Mangaluru, Karnataka | 915 [42] | ₹85,580 crore (US$11 billion) | ₹6,232 crore (US$780 million) | [43] |
Karur Vysya Bank | 1916 | Karur, Tamil Nadu | 811 | ₹74,623 crore (US$9.3 billion) | ₹5,470 crore (US$690 million) | [44] |
Kotak Mahindra Bank | 2003 | Mumbai, Maharashtra | 1,604 | ₹620,429.73 crore (US$78 billion) | ₹67,981.02 crore (US$8.5 billion) | [45] |
Nainital Bank | 1922 | Nainital, Uttarakhand | 160 | ₹8,438 crore (US$1.1 billion) | ₹727 crore (US$91 million) | [46] |
RBL Bank | 1943 | Mumbai, Maharashtra | 435 | ₹100,618 crore (US$13 billion) | ₹8,561 crore (US$1.1 billion) | [47] |
South Indian Bank | 1929 | Thrissur, Kerala | 935 | ₹94,149 crore (US$12 billion) | ₹7,305 crore (US$910 million) | [48] |
Tamilnad Mercantile Bank | 1921 | Thoothukkudi, Tamil Nadu | 509 | ₹42,758 crore (US$5.4 billion) | ₹3,992 crore (US$500 million) | [49] |
Yes Bank | 2004 | Mumbai, Maharashtra | 1,070 | ₹273,593 crore (US$34 billion) | ₹20,039 crore (US$2.5 billion) | [50] [51] |
There are 43 regional rural banks in India as of 1 November 2020.
There are a total of 34 state co-operative banks in India.
There are a total of 59 scheduled urban co-operative banks in India.
Foreign banks in India as on 14 July 2020 - Branch/WOS/Representative form of presence as per RBI: [74]
List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India:
List of notable banks which are incorporated outside India and are operating branches in India:
List of notable foreign banks with representative offices in India:
Local Area Banks are non-scheduled banks. 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 local areas. They were established as Public Limited Companies in the private sector. They are promoted either by individuals, corporates, trusts or societies. The minimum paid up capital of such banks is ₹50 million. The promoter's contribution should be at least ₹20 million. Local Area Banks can operate and open branches in a maximum of 3 geographically contiguous districts. They are governed by the provisions of the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949 and other relevant statutes. They are to be registered as Public Limited Companies under the Companies Act 1956. Since they are non-scheduled banks, they cannot borrow funds from the Reserve Bank of India, like other scheduled commercial banks. [75]
List of Local Area Banks: [76]
Bank name | Established | Headquarters | Branches | Revenues | Refs |
---|---|---|---|---|---|
Airtel Payments Bank | 2017 | New Delhi, Delhi | ₹627 crore (US$79 million) | [77] [78] | |
India Post Payments Bank | 2018 | New Delhi, Delhi | 650 Branches | ₹55 crore (US$6.9 million) | [79] |
Paytm Payments Bank | 2017 | Noida, Uttar Pradesh | ₹2,109 crore (US$260 million) | [80] [81] | |
Jio Payments Bank | 2018 | Mumbai, Maharashtra | ₹13 crore (US$1.6 million) | [82] | |
Fino Payments Bank | 2017 | Mumbai, Maharashtra | 410 Branches | ₹791 crore (US$99 million) | [83] [84] |
NSDL Payments Bank | 2018 | Mumbai, Maharashtra | ₹62 crore (US$7.8 million) | [85] |
At present, there are 12 small sector banks in India.
Bank name | Established | Headquarters | Branches | Total assets | Revenues | Refs |
---|---|---|---|---|---|---|
AU Small Finance Bank | 2017 | Jaipur, Rajasthan | 474 | ₹90,216.12 crore (US$11 billion) | ₹9,293 crore (US$1.2 billion) | [86] |
Capital Small Finance Bank | 2016 | Jalandhar, Punjab | 47 | [87] | ||
Equitas Small Finance Bank | 2016 | Chennai, Tamil Nadu | 412 | ₹26,959 crore (US$3.4 billion) | ₹3,997 crore (US$500 million) | [88] |
ESAF Small Finance Bank | 2017 | Thrissur, Kerala | 575 | ₹475 crore (US$59 million) | [89] | |
Fincare Small Finance Bank | 2017 | Bangalore, Karnataka | 919 | [90] | ||
Jana Small Finance Bank | 2018 | Bangalore, Karnataka | 611 | ₹20,189 crore (US$2.5 billion) | ₹3,050 crore (US$380 million) | [91] |
North East Small Finance Bank | 2017 | Guwahati, Assam | [92] | |||
Shivalik Small Finance Bank | 2021 | Saharanpur, Uttar Pradesh | 46 | [93] | ||
Suryoday Small Finance Bank | 2017 | Navi Mumbai, Maharashtra | 477 | [94] | ||
Ujjivan Small Finance Bank | 2017 | Bangalore, Karnataka | 732 | ₹33,316 crore (US$4.2 billion) | ₹4,754 crore (US$600 million) | [95] |
Unity Small Finance Bank | 2021 | Mumbai, Maharashtra | [96] | |||
Utkarsh Small Finance Bank | 2018 | Varanasi, Uttar Pradesh | [97] |
Tata Teleservices Limited along with its subsidiary Tata Teleservices (Maharashtra) Limited is an Indian internet services provider and IT services company headquartered in Mumbai, India. It is listed on BSE and NSE in India.
The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022-23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.
Shree Ashtavinayak Cine Vision Limited was a film production and distribution company that produced and distributed Hindi films. The chief of the company was Dhilin Mehta.
63 Moons Technologies Limited, formerly Financial Technologies (India) Limited until 2016, is an Indian company which provides technology ventures, financial platforms and solutions for creating digital markets and marketplaces. It is headquartered in Mumbai, India. It was formed in 1988 and funded by Jignesh Shah. The company offers technology intellectual property to create and trade on financial markets. It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003. FTIL has divested of its domestic and international ventures.
Ashok Todi is an Indian industrialist, heading the Kolkata-based Lux Industries group, a Rs. 120-billion plus company which is the market leader in India of the inner wear garment segment.
Religare Enterprises Limited (REL) is an Indian investment and financial services holding company, headquartered in New Delhi. REL is listed on National Stock Exchange of India and Bombay Stock Exchange. It is registered with the Reserve Bank of India (RBI).
Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a development finance institution based in India under the Department of Financial Services, Government of India. It provides finance and advisory services for infrastructure projects, as well as asset management and investment banking.
Pricol Limited is an automotive components and precision engineered products manufacturer based in Coimbatore, India. It was founded in 1972 by the late V.N. Ramachandran and N.Damodaran, but started production in 1975. It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors and off-road vehicles used in the construction and Industrial segment. Pricol also manufacture sintered components and products for fleet management. Vijay Mohan is the founder, Vikram Mohan is the Managing Director and Vanitha Mohan is the Chairman.
Imagicaa is a 130-acre (53 ha) theme park in Khopoli, Raigad District, Maharashtra, India. It is owned by Imagicaa World Entertainment Ltd. Imagicaa is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Malpani Group from Sangamner are the promoters, with Mr. Rajesh Malpani as Chairman, Mr. Jai Malpani as MD, and Mr. Dhimant Bakshi as CEO. Imagicaa is an integrated holiday destination spread over 110 acres. It contains a water park, the hotel Novotel Imagicaa with 287 Rooms and a large banqueting facility, and India's largest snow park with real edible snow. The parks have an estimated daily capacity of 15,000 visitors. The park has hosted over 10.5 million visitors..
IFB Home Appliances is an Indian home appliances company and a division of IFB Industries. It has its manufacturing locations in Kolkata and Verna, Goa. The company has a chain of ~530 retail outlets called ‘IFB Point’.
Berger Paints Ltd is an Indian multinational paint company, based in Kolkata. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. It has manufacturing units at Howrah and Rishra, Arinso, Taloja, Naltoli, Goa, Devla, Hindupur, Jejuri, Jammu, Puducherry and Anand. The company has presence in five countries – India, Russia, Poland, Nepal and Bangladesh. It has an employee strength of over 3,600 and a countrywide distribution network of more than 25,000 dealers.
Piramal Capital and Housing Finance Limited is a non-deposit taking housing finance company, headquartered in Mumbai with branches in major cities across India. DHFL was established to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies in India.
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Deepak Nitrite Ltd. is an Indian chemical manufacturing company. The company’s manufacturing facilities are located at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra and Hyderabad in Telangana. Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. Deepak Mehta is the chairman of the company and his son Maulik Mehta is the chief executive officer.
Gujarat Alkalies and Chemicals Limited (GACL) is an Indian chemical substance manufacturing company, promoted by the Government of Gujarat. Its manufacturing facilities are located at Dahej and Vadodara in Gujarat. The company manufactures chemicals such as caustic soda, sodium cyanide, chloromethanes, sodium ferrocyanide, caustic potash, potassium carbonate, hydrochloric acid, phosphoric acid (85%) and hydrogen peroxide.
Dilip Buildcon Limited (DBL) is an Indian construction and infrastructure development company based in Bhopal. It was founded by Dilip Suryavanshi in 1987 and was incorporated in the Ministry of Corporate Affairs on 12 June 2006. The company is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since August 2016.
GMM Pfaudler Ltd. is an Indian manufacture of engineering equipment and glass-lined equipment headquartered in Karamsad, Gujarat.
CreditAccess Grameen Limited is an Indian microfinance institution, headquartered in Bengaluru, which serves customers predominantly in rural areas. The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.