This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]
At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs. Out of these 141 commercial banks, 137 were classified as scheduled banks, while four were non-scheduled.
There are 12 public sector banks in India as of 31st December 2024. [3]
Anchor bank | Established | Headquarters | Government shareholding | Branches (Domestic) | Total assets | Revenues | Refs |
---|---|---|---|---|---|---|---|
Bank of Baroda | 1908 | Vadodara, Gujarat | 63.97% | 8,356 | ₹1,654,779 crore (US$190 billion) | ₹110,777.98 crore (US$13 billion) | [4] [5] [6] |
Bank of India | 1906 | Mumbai, Maharashtra | 81.41% | 5,200 | ₹815,555.61 crore (US$94 billion) | ₹54,747.61 crore (US$6.3 billion) | [7] [8] |
Bank of Maharashtra | 1935 | Pune, Maharashtra | 90.97% | 2,508 | ₹184,082 crore (US$21 billion) | ₹13,144.67 crore (US$1.5 billion) | [9] |
Canara Bank | 1906 | Bengaluru, Karnataka | 62.93% | 9,816 | ₹1,535,017 crore (US$180 billion) | ₹111,209.76 crore (US$13 billion) | [10] [11] [12] |
Central Bank of India | 1911 | Mumbai, Maharashtra | 93.08% | 4,541 | ₹369,214.99 crore (US$43 billion) | ₹25,897.44 crore (US$3.0 billion) | [13] |
Indian Bank | 1907 | Chennai, Tamil Nadu | 79.86% | 5,863 | ₹710,500.73 crore (US$82 billion) | ₹52,085 crore (US$6.0 billion) | [14] [15] |
Indian Overseas Bank | 1937 | Chennai, Tamil Nadu | 96.38% | 3,460 | ₹274,000.35 crore (US$32 billion) | ₹22,422.91 crore (US$2.6 billion) | [14] [15] |
Punjab and Sind Bank | 1908 | New Delhi, NCT of Delhi | 97.07% | 1,584 | ₹121,067.55 crore (US$14 billion) | ₹8,826.92 crore (US$1.0 billion) | [16] |
Punjab National Bank | 1894 | Dwarka, NCT of Delhi | 73.15% | 10,168 | ₹1,561,835.01 crore (US$180 billion) | ₹102,880.50 crore (US$12 billion) | [10] [17] |
State Bank of India | 1955 | Mumbai, Maharashtra | 57.49% | 22,640 | ₹6,733,778 crore (US$780 billion) | ₹473,378.14 crore (US$55 billion) | [18] [19] [20] |
UCO Bank | 1943 | Kolkata, West Bengal | 95.39% | 3,263 | ₹253,336.1092 crore (US$29 billion) | ₹18,166.42 crore (US$2.1 billion) | [21] [22] |
Union Bank of India | 1919 | Mumbai, Maharashtra | 83.49% | 8,555 | ₹1,391,957.62 crore (US$160 billion) | ₹97,078.50 crore (US$11 billion) | [10] [23] |
Private sector banks are banks where the majority of the bank's equity is owned by a private company or a group of individuals. They comply with the central bank guidelines yet have a unique financial system.
There are 21 private banks in India as of 1 April 2024.
Bank name | Established | Headquarters | Branches | Total assets | Revenues | Refs |
---|---|---|---|---|---|---|
Axis Bank | 1993 | Mumbai, Maharashtra | 5,577 | ₹1,518,238 crore (US$180 billion) | ₹106,155 crore (US$12 billion) | [24] |
Bandhan Bank | 2015 | Kolkata, West Bengal | 1,703 | ₹305,400 crore (US$35 billion) | ₹21,656 crore (US$2.5 billion) | [25] |
CSB Bank | 1920 | Thrissur, Kerala | 802 | ₹23,337 crore (US$2.7 billion) | ₹3,450 crore (US$400 million) | [26] |
City Union Bank | 1904 | Kumbakonam, Tamil Nadu | 815 | ₹53,311 crore (US$6.2 billion) | ₹4,839 crore (US$560 million) | [27] [28] |
DCB Bank | 1930 | Mumbai, Maharashtra | 451 | ₹39,602 crore (US$4.6 billion) | ₹3,916 crore (US$450 million) | [29] |
Dhanlaxmi Bank | 1927 | Thrissur, Kerala | 261 | ₹13,096 crore (US$1.5 billion) | ₹1,072 crore (US$120 million) | [30] |
Federal Bank | 1931 | Kochi, Kerala | 1,533 | ₹204,966 crore (US$24 billion) | ₹15,702 crore (US$1.8 billion) | [31] |
HDFC Bank | 1994 | Mumbai, Maharashtra | 9,092 | ₹4,030,194 crore (US$470 billion) | ₹205,000 crore (US$24 billion) | [32] [33] |
ICICI Bank | 1994 | Mumbai, Maharashtra | 6,613 | ₹2,364,063 crore (US$270 billion) | ₹186,178.50 crore (US$22 billion) | [34] [35] [36] |
IDBI Bank | 1964 | Mumbai, Maharashtra | 2,116 | ₹298,652 crore (US$35 billion) | ₹24,803 crore (US$2.9 billion) | [37] [38] |
IDFC First Bank | 2015 | Mumbai, Maharashtra | 961 | ₹296,115.10 crore (US$34 billion) | ₹36,257 crore (US$4.2 billion) | [39] |
IndusInd Bank | 1994 | Mumbai, Maharashtra | 3,040 | ₹515,094 crore (US$60 billion) | ₹28,999 crore (US$3.4 billion) | [40] |
Jammu & Kashmir Bank | 1938 | Srinagar, Jammu and Kashmir | 1,008 | ₹82,018 crore (US$9.5 billion) | ₹7,166 crore (US$830 million) | [41] |
Karnataka Bank | 1924 | Mangaluru, Karnataka | 931 | ₹85,580 crore (US$9.9 billion) | ₹6,232 crore (US$720 million) | [42] |
Karur Vysya Bank | 1916 | Karur, Tamil Nadu | 841 | ₹74,623 crore (US$8.6 billion) | ₹5,470 crore (US$630 million) | [43] |
Kotak Mahindra Bank | 2003 | Mumbai, Maharashtra | 2013 | ₹767,667 crore (US$89 billion) | ₹67,981.02 crore (US$7.9 billion) | [44] |
Nainital Bank | 1922 | Nainital, Uttarakhand | 171 | ₹8,438 crore (US$970 million) | ₹727 crore (US$84 million) | [45] |
RBL Bank | 1943 | Mumbai, Maharashtra | 550 | ₹138,403 crore (US$16 billion) | ₹8,561 crore (US$990 million) | [46] |
South Indian Bank | 1929 | Thrissur, Kerala | 955 | ₹94,149 crore (US$11 billion) | ₹7,305 crore (US$840 million) | [47] |
Tamilnad Mercantile Bank | 1921 | Thoothukkudi, Tamil Nadu | 567 | ₹42,758 crore (US$4.9 billion) | ₹3,992 crore (US$460 million) | [48] |
Yes Bank | 2004 | Mumbai, Maharashtra | 1,237 | ₹405,492.99 crore (US$47 billion) | ₹20,039 crore (US$2.3 billion) | [49] [50] |
There are 43 regional rural banks in India as of 1 January 2025.
There are 34 state co-operative banks in India.
There are a total of 352 district Central Co-operative in India.
There are 49 Co-operative Banks - Scheduled Urban Cooperative Banks in India as of 25 September 2024.
There are 1420 Non-Scheduled Urban Co-operative Banks in India as of 25 September 2024.
Foreign banks in India as on 2024 are 44. Branch/WOS/Representative form of presence as per RBI is as follows: [68]
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. [69]
As of 1 April 2024 there are 2 Local Area Banks. There names are : [70]
As of 1 April 2024, there are 6 Payment Banks in India.
Bank name | Established | Headquarters | Branches | Revenues | Refs |
---|---|---|---|---|---|
Airtel Payments Bank | 2017 | New Delhi, Delhi | ₹627 crore (US$72 million) | [71] [72] | |
India Post Payments Bank | 2018 | New Delhi, Delhi | 650 Branches | ₹55 crore (US$6.4 million) | [73] |
Jio Payments Bank | 2018 | Mumbai, Maharashtra | ₹13 crore (US$1.5 million) | [74] | |
Fino Payments Bank | 2017 | Mumbai, Maharashtra | 410 Branches | ₹791 crore (US$91 million) | [75] [76] |
NSDL Payments Bank | 2018 | Mumbai, Maharashtra | ₹62 crore (US$7.2 million) | [77] |
As of 30th September 2024, there are 11 small finance banks in India.
Bank name | Established | Headquarters | Branches | Total assets | Revenues | Refs |
---|---|---|---|---|---|---|
AU Small Finance Bank | 2017 | Jaipur, Rajasthan | 630 | ₹90,216.12 crore (US$10 billion) | ₹9,293 crore (US$1.1 billion) | [78] |
Capital Small Finance Bank | 2016 | Jalandhar, Punjab | 180 | [79] | ||
Equitas Small Finance Bank | 2016 | Chennai, Tamil Nadu | 987 | ₹26,959 crore (US$3.1 billion) | ₹3,997 crore (US$460 million) | [80] |
ESAF Small Finance Bank | 2017 | Thrissur, Kerala | 756 | ₹475 crore (US$55 million) | [81] | |
Jana Small Finance Bank | 2018 | Bangalore, Karnataka | 640 | ₹20,189 crore (US$2.3 billion) | ₹3,050 crore (US$350 million) | [82] |
North East Small Finance Bank | 2017 | Guwahati, Assam | 232 | [83] | ||
Shivalik Small Finance Bank | 2021 | Saharanpur, Uttar Pradesh | 73 | [84] | ||
Suryoday Small Finance Bank | 2017 | Navi Mumbai, Maharashtra | 695 | [85] | ||
Ujjivan Small Finance Bank | 2017 | Bangalore, Karnataka | 752 | ₹33,316 crore (US$3.8 billion) | ₹4,754 crore (US$550 million) | [86] |
Unity Small Finance Bank | 2021 | Mumbai, Maharashtra | 334 | [87] | ||
Utkarsh Small Finance Bank | 2018 | Varanasi, Uttar Pradesh | 967 | [88] |
The Cosmos Co-operative Bank Ltd., established in 1906, is one of the oldest Urban Co-operative Banks in India. Cosmos Bank celebrated its centenary on 18 January 2006. It is one of the first co-operative banks in the country to implement Core Banking System (CBS) across the entire network of its then 140 service outlets using Finacle-Infosys Core Banking Software. It also received an authorized dealer (AD) license from the Reserve Bank of India to become the third co-operative bank in India to have such a license in thirty years.
Bhadran is a village in the state of Gujarat, in far western India. It is in the Anand district. Bhadran was nicknamed the "Paris of Gaekwad state" due to its prosperity and civil works carried out by Maharaja Sayajirao Gaekwad III, the visionary ruler of Baroda. It has been called the greatest village in India by Vallabhbhai Patel.
Anjangaon is a city and a municipal council in Amravati district in the state of Maharashtra, India. Anjangaon City got the status of Municipal Council in 1930. It is the first municipal council established in Amravati district and the second biggest council as well. Anjangaon Surji Tehsil was established in 1981. It is technically made up of two main zones, Anjangaon and Surji, on either side of Shahanur River, and is called Anjangaon-Surji in combination. It is called a "Banana Hub of Vidarbha" as it is a large producer of bananas and a hub of medicinal plants - Piper longum and Safed musali.
Partur is a town with municipal council in Jalna district in the Indian state of Maharashtra.
Karopady is a small village in Dakshina Kannada district, Karnataka, in far southern India. It is the border village between Karnataka and Kerala. Kasaragod District is the neighbouring district in Kerala State.
The Indian Banks' Association (IBA), formed on, is an unregistered, voluntary association of like-minded banks and individuals in India—a representative body of Indian banks and financial institutions based in Mumbai. With an initial membership of 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India. IBA was formed for the development, coordination, and strengthening of Indian banking and to assist the member banks in various ways, including the implementation of new systems and the adoption of standards among the members.
Takali Dhokeshwar is a village in Ahmednagar District, Maharashtra, India. It is located at the intersection of the Mumbai - Vishakhapattanam highway and the Satara - Nashik road.
Murgod/Murugodu is a village in the southern state of Karnataka in India. It is located in the Savadatti taluk of Belagavi district in Karnataka, 491 km from the capital Bengaluru and 54 km from district headquarters Belagavi.
Bhaskarrao Patil is an Indian politician from Maharashtra belonging to Indian National Congress who served as the Member of the Maharashtra Legislative Assembly from 1990 to 1998. He was a member in the 12th, 13th and 15th Lok Sabha’s. He was also a member of Maharashtra State Assembly (M.L.A) three times. He was elected from the Biloli Constituency in the years 1990, 1995 and 2004.
Gozaria is a town and a gram panchayat in the Mehsana district in the Indian state of Gujarat.
Adarsh Co-operative Bank Ltd. is a multi-state co-operative bank with 46 branches across states of Rajasthan and Gujarat that has been in operation since 1972.
Ramesh Vishwanath Katti is an Indian politician. He was a member of the Indian Parliament from 2009 to 2014, representing Chikkodi. He is also an Incumbent President of The Belgaum District Central Co-Operative Bank.
The economy of Indore is notable for its importance in the areas of trading, finance and distribution in Madhya Pradesh. Indore has the largest economy in Madhya Pradesh and is the business and trading capital of the state. Pithampur Industrial Area, near Indore houses more than 1200 industrial units. Pithampur is a part of Indore Metropolitan Region, though its economic contributions are not accounted in Indore District. Located at the crossroads of western and central India, Indore has relatively good connectivity and has been the hub of trade and commerce, not only for the state but also for western India. Cotton textiles are the city's major product, but iron and steel, chemicals, and machinery are also manufactured there. The textile industry is in decline and is being replaced by a variety of new manufacturing industries. Still it is one of the largest textile industries in India. Old-time industries which flourished in Indore were handloom, hand dyeing, manufacture of niwar, oil extraction by ghani, manufacture of bamboo mats, baskets, metal utensils, embossing and engraving of gold and silver ornaments, shellac industry, etc. Ayurvedic and Unani medicines from roots and herbs were manufactured under state patronage. Indore has one of the largest trans-shipment centers for truck transport.
National Alliance of People's Movements is an alliance of alter-globalisation activist groups in India. It is an umbrella organisation for various civil society organisations and individuals working towards similar goals.
Shiwajirao Vishnu Nalawade founder President of Mumbai North East District Nationalist Congress Party (NCP) and thereafter, Vice-President of NCP, Mumbai Region.
Sanjay Sadashivrao Mandlik is an Indian politician and a Shiv Sena leader from Kolhapur district, Maharashtra. He is member of 17th Lok Sabha from Kolhapur Constituency. He is son of Late Shri. Sadashivrao Mandlik who was elected as a Member of Parliament four times from Kolhapur Constituency. Sanjay Mandlik is a chairman of Sadashivrao Mandlik Kagal Taluka Sahakari Sakhar Karkhana Ltd. which is located in Hamidawda in Kolhapur district.
Pimpalas is the name both of a town and a taluka in the Nashik District of Maharashtra, India. The Marathi name signifies "a place without mountains", and indeed the taluka's topography is fairly level, with hardly any hills. It is served by Kasabe Sukena railway station.pimpalas's latitude and longitude coordinates are 20°5′0″N74°7′0″E. Located northeast of Nashik city, the Taluka borders Sinnar, Nashik, Dindori, Chandwad, and Yeola Talukas and Ahmednagar District, and has no direct access to the sea.
Dombivli Nagari Sahakari Bank Ltd. is the Multi-State Scheduled Bank located in the Thane District, state of Maharashtra established on 6 September 1970. Having their Head office in Dombivli, Thane District. Currently DNS Bank has 65 branches across 12 districts in state of Maharashtra.
Zainulabedin Gulamhusain Rangoonwala was the co-founder and managing director of the Bombay Mercantile Cooperative Bank. This became one of the largest cooperative banks in India and also in Asia.