List of banks in India

Last updated

This is a list of banks which are considered to be scheduled banks under the second schedule of RBI Act, 1934. [1] [2]

Contents

As of 1 August 2025, India's commercial banking sector consists of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 28 regional rural banks (RRBs), 44 foreign banks (FBs), 11 small finance banks (SFBs), 5 payments banks (PBs), 2 local area banks (LABs), and 4 financial institutions. Out of these 128 commercial banks, 124 are classified as scheduled banks and four are classified as non-scheduled banks.

Commercial banks

Top 15 banks in India by total assets
BankTotal assets in crores (INR)
State Bank of India
7,444,291
HDFC Bank
4,392,417
ICICI Bank
2,642,241
Punjab National Bank
1,873,715
Bank of Baroda
1,839,671
Canara Bank
1,777,792
Axis Bank
1,656,962
Union Bank of India
1,497,882
Bank of India
1,056,425
Indian Bank
895,503
Kotak Mahindra Bank
879,774
IndusInd Bank
554,107
Central Bank of India
481,186
Yes Bank
424,115
Indian Overseas Bank
414,113

Public sector banks (PSBs)

There are 12 public sector banks in India, as of 1 November 2025. [3]

Bank nameEstablishedHeadquartersGovernment
shareholding
Branches (domestic)Total assetsRevenuesOfficial WebsiteRefs
Bank of Baroda 1908 Vadodara, Gujarat 63.97%8,4461,913,557.33 crore (US$230 billion)152,884.14 crore (US$18 billion) https://bankofbaroda.bank.in [4] [5] [6]
Bank of India 1906 Mumbai, Maharashtra 73.38%5,3751,092,114.64 crore (US$130 billion)80,412.44 crore (US$9.5 billion) https://bankofindia.bank.in [7] [8]
Bank of Maharashtra 1935 Pune, Maharashtra 79.60%2,665373,729 crore (US$44 billion)28,401.62 crore (US$3.4 billion) https://bankofmaharashtra.bank.in [9]
Canara Bank 1906 Bengaluru, Karnataka 62.93%9,9481,813,778.91 crore (US$210 billion)152,657.89 crore (US$18 billion) https://canarabank.bank.in [10] [11] [12]
Central Bank of India 1911 Mumbai, Maharashtra 89.27%4,556504,922.58 crore (US$60 billion)39,667.95 crore (US$4.7 billion) https://centralbank.bank.in [13]
Indian Bank 1907 Chennai, Tamil Nadu 73.84%5,955924,485.57 crore (US$110 billion)72,050.88 crore (US$8.5 billion) https://indianbank.bank.in [14] [15]
Indian Overseas Bank 1937 Chennai, Tamil Nadu 94.61%3,373431,882.94 crore (US$51 billion)33,750.31 crore (US$4.0 billion) https://iob.bank.in [14] [15]
Punjab and Sind Bank 1908 New Delhi, NCT of Delhi 93.85%1,610165,341.56 crore (US$20 billion)13,048.95 crore (US$1.5 billion) https://punjabandsind.bank.in [16]
Punjab National Bank 1894 New Delhi, NCT of Delhi 70.08%10,2281,920,935.16 crore (US$230 billion)140,456.81 crore (US$17 billion) https://pnb.bank.in [10] [17]
State Bank of India 1955 Mumbai, Maharashtra 55.50%22,9807,444,291 crore (US$880 billion)473,378.14 crore (US$56 billion) https://sbi.bank.in [18] [19] [20]
UCO Bank 1943 Kolkata, West Bengal 90.95%3,302369,475.29 crore (US$44 billion)29,473.55 crore (US$3.5 billion) https://uco.bank.in [21] [22]
Union Bank of India 1919 Mumbai, Maharashtra 74.76%8,6551,490,323.47 crore (US$180 billion)129,979.25 crore (US$15 billion) https://unionbankofindia.bank.in [10] [23]

Private sector banks (PVBs)

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 sector banks in India, as of 1 August 2025.

Bank nameEstablishedHeadquartersBranchesTotal assetsRevenuesOfficial WebsiteRefs
Axis Bank 1993 Mumbai, Maharashtra 5,8761,656,962.61 crore (US$200 billion)137,989 crore (US$16 billion) https://axis.bank.in [24]
Bandhan Bank 2015 Kolkata, West Bengal 1,715191,476.29 crore (US$23 billion)21,656 crore (US$2.6 billion) https://bandhan.bank.in [25]
CSB Bank 1920 Thrissur, Kerala 82947,836.27 crore (US$5.7 billion)3,450 crore (US$410 million) https://csb.bank.in [26]
City Union Bank 1904 Kumbakonam, Tamil Nadu 87577,623.21 crore (US$9.2 billion)4,839 crore (US$570 million) https://cityunionbank.bank.in [27] [28]
DCB Bank 1930 Mumbai, Maharashtra 46476,809.78 crore (US$9.1 billion)3,916 crore (US$460 million) https://dcb.bank.in [29]
Dhanlaxmi Bank 1927 Thrissur, Kerala 26117,936.94 crore (US$2.1 billion)1,072 crore (US$130 million) https://dhan.bank.in [30]
Federal Bank 1931 Kochi, Kerala 1,589360,151.91 crore (US$43 billion)25,267 crore (US$3.0 billion) https://federal.bank.in [31]
HDFC Bank 1994 Mumbai, Maharashtra 9,4554,392,417.42 crore (US$520 billion)205,000 crore (US$24 billion) https://hdfc.bank.in [32] [33]
ICICI Bank 1994 Mumbai, Maharashtra 6,9832,642,241.41 crore (US$310 billion)186,178.50 crore (US$22 billion) https://icici.bank.in [34] [35] [36]
IDBI Bank 1964 Mumbai, Maharashtra 2,104412,961.90 crore (US$49 billion)24,803 crore (US$2.9 billion) https://idbi.bank.in [37] [38]
IDFC First Bank 2015 Mumbai, Maharashtra 1002343,908.74 crore (US$41 billion)36,257 crore (US$4.3 billion) https://idfcfirst.bank.in [39]
IndusInd Bank 1994 Mumbai, Maharashtra 3,081554,107.11 crore (US$66 billion)28,999 crore (US$3.4 billion) https://indusind.bank.in [40]
Jammu & Kashmir Bank 1938 Srinagar, Jammu and Kashmir 1,019169,423.54 crore (US$20 billion)7,166 crore (US$850 million) https://jkb.bank.in [41]
Karnataka Bank 1924 Mangaluru, Karnataka 957120,960.45 crore (US$14 billion)6,232 crore (US$740 million) https://karnatakabank.bank.in [42]
Karur Vysya Bank 1916 Karur, Tamil Nadu 888119,367.42 crore (US$14 billion)5,470 crore (US$650 million) https://kvb.bank.in [43]
Kotak Mahindra Bank 2003 Mumbai, Maharashtra 2148879,774.34 crore (US$100 billion)94,274 crore (US$11 billion) https://kotak.bank.in [44]
Nainital Bank 1922 Nainital, Uttarakhand 1739,306 crore (US$1.1 billion)727 crore (US$86 million) https://nainitalbank.bank.in [45]
RBL Bank 1943 Mumbai, Maharashtra 561146,772.11 crore (US$17 billion)8,561 crore (US$1.0 billion) https://rbl.bank.in [46]
South Indian Bank 1929 Thrissur, Kerala 948124,655.07 crore (US$15 billion)7,305 crore (US$860 million) https://southindianbank.bank.in [47]
Tamilnad Mercantile Bank 1921 Thoothukkudi, Tamil Nadu 57866,449.87 crore (US$7.9 billion)3,992 crore (US$470 million) https://tmb.bank.in [48]
Yes Bank 2004 Mumbai, Maharashtra 1,255424,115.93 crore (US$50 billion)20,039 crore (US$2.4 billion) https://yes.bank.in [49] [50]

Regional rural banks (RRBs)

There are 28 regional rural banks in India, as of 23 oct 2025.

StateBank nameEstablishedHeadquartersBranchesSponsor bankOfficial Website
Andhra Pradesh Andhra Pradesh Grameena Bank 2025 Amaravati, Andhra Pradesh 1,351 Union Bank of India https://apgb.bank.in
Arunachal Pradesh Arunachal Pradesh Rural Bank1983 Itanagar, Arunachal Pradesh 34 State Bank of India https://aprb.bank.in
Assam Assam Gramin Bank 2019 Guwahati, Assam 473 Punjab National Bank https://agvb.bank.in
Bihar Bihar Gramin Bank 2025 Patna, Bihar 2,885 Punjab National Bank https://bgb.bank.in
Chhattisgarh Chhattisgarh Gramin Bank2013 Raipur, Chhattisgarh 626 State Bank of India https://crgb.bank.in
Gujarat Gujarat Gramin Bank 2025 Vadodara, Gujarat 744 Bank of Baroda https://ggb.bank.in
Haryana Haryana Gramin Bank2013 Rohtak, Haryana 690 Punjab National Bank http://shgb.bank.in
Himachal Pradesh Himachal Pradesh Gramin Bank2013 Mandi, Himachal Pradesh 265 Punjab National Bank https://hpgb.bank.in
Jammu And Kashmir Jammu and Kashmir Grameen Bank 2025 Jammu, Jammu and Kashmir 330 Jammu & Kashmir Bank https://jkgrameen.bank.in
Jharkhand Jharkhand Gramin Bank 2019 Ranchi, Jharkhand 450 State Bank of India https://jrgbank.bank.in
Karnataka Karnataka Grameena Bank 2025 Ballari, Karnataka 1,750 Canara Bank https://karnatakagb.bank.in
Kerala Kerala Grameena Bank 2013 Malappuram, Kerala 635 Canara Bank https://kgb.bank.in
Madhya Pradesh Madhya Pradesh Gramin Bank 2025 Indore, Madhya Pradesh 1,320 Bank of India https://mpgb.bank.in
Maharashtra Maharashtra Gramin Bank 2025 Chhatrapati Sambhajinagar, Maharashtra 748 Bank of Maharashtra https://mahagramin.in
Manipur Manipur Rural Bank1981 Imphal, Manipur 28 Punjab National Bank https://manipurrural.bank.in
Meghalaya Meghalaya Rural Bank1981 Shillong, Meghalaya 89 State Bank of India https://meghalayaruralbank.bank.in
Mizoram Mizoram Rural Bank 1983 Aizawl, Mizoram 105 State Bank of India https://mrb.bank.in
Nagaland Nagaland Rural Bank1983 Kohima, Nagaland 12 State Bank of India https://www.nrb.bank.in
Odisha Odisha Grameen Bank 2025 Bhubaneswar, Odisha 979 Indian Overseas Bank https://odishabank.bank.in
Puducherry Puducherry Grama Bank 2008 Pondicherry, Puducherry 48 Indian Bank

https://rrbpuduvai.bank.in/

Punjab Punjab Gramin Bank2019 Kapurthala, Punjab 458 Punjab National Bank https://pgb.bank.in
Rajasthan Rajasthan Gramin Bank 2025 Jaipur, Rajasthan 1,596 State Bank of India https://rgb.bank.in
Tamil Nadu Tamil Nadu Grama Bank 2019 Salem, Tamil Nadu 676 Indian Bank https://tngb.bank.in
Telangana Telangana Grameena Bank 2025 Hyderabad, Telangana 934 State Bank of India https://tgb.bank.in
Tripura Tripura Gramin Bank 1976 Agartala, Tripura 154 Punjab National Bank https://tripuragramin.bank.in
Uttar Pradesh Uttar Pradesh Gramin Bank 2025 Lucknow, Uttar Pradesh 4,353 Bank of Baroda https://upgb.bank.in
Uttarakhand Uttarakhand Gramin Bank 2012 Dehradun, Uttarakhand 291 State Bank of India https://ukgb.bank.in
West Bengal West Bengal Gramin Bank 2025 Kolkata, West Bengal 960 Punjab National Bank https://wbgb.bank.in

Co-operative banks

State co-operative banks (SCBs) [51]

There are 34 state co-operative banks in India, as of 1 August 2025.

  • The Andaman and Nicobar State Co-operative Bank Ltd.
  • The Andhra Pradesh State Co-operative Bank Ltd.
  • The Arunachal Pradesh State Co-operative Apex Bank Ltd.
  • The Assam Co-operative Apex Bank Ltd.
  • The Bihar State Co-operative Bank Ltd.
  • The Chandigarh State Co-operative Bank Ltd.
  • The Chhattisgarh Rajya Sahakari Bank Maryadit
  • The Delhi State Co-operative Bank Ltd.
  • 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.
  • The Madhya Pradesh Rajya Sahakari Bank Maryadit.
  • The Maharashtra State Co-operative Bank Ltd.
  • The Manipur State Co-operative Bank Ltd.
  • The Meghalaya Co-operative Apex Bank Ltd.
  • The Mizoram Co-operative Apex Bank Ltd.
  • The Nagaland State Co-operative Bank Ltd.
  • The Odisha State Co-operative Bank Ltd.
  • The Pondichery State Co-operative Bank Ltd.
  • The Punjab State Co-operative Bank Ltd.
  • The Rajasthan State Co-operative Bank Ltd.
  • The Sikkim State Co-operative Bank Ltd.
  • The Tamil Nadu State Apex Co-operative Bank Ltd.
  • The Telangana State Co-operative Apex Bank Ltd.
  • The Tripura State Co-operative Bank Ltd.
  • The Uttar Pradesh Co-operative Bank Ltd.
  • The Uttaranchal Rajya Sahakari Bank Ltd.
  • The West Bengal State Co-operative Bank Ltd.
  • The Daman and Diu State Co-operative Bank Ltd.

District central co-operative banks

There are 352 district central co-operative banks in India, as of 1 August 2025.

Scheduled urban co-operative banks

There are 24 scheduled urban co-operative banks in India, as of 1 August 2025.

Non-scheduled urban co-operative banks

There are 1407 non-scheduled urban co-operative banks in India, as of 1 August 2025.

Foreign banks

There are 44 foreign banks in India, as of 1 August 2025. Branch/WOS/Representative form of presence as per RBI is as follows: [52]

Foreign banks operating as wholly owned subsidiary in India

List of notable foreign banks which are incorporated outside India and are operating a wholly owned subsidiary in India:

Foreign banks with branches in India

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

Foreign banks with representative offices in India

List of notable foreign banks which are incorporated outside India and are operating representative offices in India:

Local area banks

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. [53]

There are 2 local area banks in India, as of 1 August 2025. [54]

Payments banks

There are 5 payments banks in India, as of 1 August 2025.

Bank nameEstablishedHeadquartersBranches Revenues Official WebsiteRefs
Airtel Payments Bank 2017 New Delhi, NCT of Delhi 627 crore (US$74 million) https://airtelpayments.bank.in [55] [56]
India Post Payments Bank 2018 New Delhi, NCT of Delhi 65055 crore (US$6.5 million) https://ippbonline.bank.in [57]
Jio Payments Bank 2018 Mumbai, Maharashtra 13 crore (US$1.5 million) https://jiopayments.bank.in [58]
Fino Payments Bank2017 Mumbai, Maharashtra 410791 crore (US$94 million) https://fino.bank.in [59] [60]
NSDL Payments Bank2018 Mumbai, Maharashtra 62 crore (US$7.3 million) https://nsdlpayments.bank.in [61]

Small finance banks

There are 11 small finance banks in India, as of 1 August 2025.

Bank nameEstablishedHeadquartersBranchesTotal assetsRevenuesOfficial WebsiteRefs
AU Small Finance Bank 2017 Jaipur, Rajasthan 63090,216.12 crore (US$11 billion)9,293 crore (US$1.1 billion) https://au.bank.in [62]
Capital Small Finance Bank 2016 Jalandhar, Punjab 180 https://capital.bank.in [63]
Equitas Small Finance Bank 2016 Chennai, Tamil Nadu 98726,959 crore (US$3.2 billion)3,997 crore (US$470 million) https://equitas.bank.in [64]
ESAF Small Finance Bank 2017 Thrissur, Kerala 75626,086.88 crore (US$3.1 billion)475 crore (US$56 million) https://esaf.bank.in [65]
Jana Small Finance Bank 2018 Bengaluru, Karnataka 64020,189 crore (US$2.4 billion)3,050 crore (US$360 million) https://jana.bank.in [66]
Slice Small Finance Bank2017 Guwahati, Assam 232 https://slice.bank.in [67]
Shivalik Small Finance Bank2021 Saharanpur, Uttar Pradesh 73 https://shivalik.bank.in [68]
Suryoday Small Finance Bank2017 Navi Mumbai, Maharashtra 695 https://suryoday.bank.in [69]
Ujjivan Small Finance Bank 2017 Bengaluru, Karnataka 75233,316 crore (US$3.9 billion)4,754 crore (US$560 million)

https://ujjivansfb.bank.in

[70]
Unity Small Finance Bank2021 Mumbai, Maharashtra 334 https://unity.bank.in
Utkarsh Small Finance Bank2018 Varanasi, Uttar Pradesh 967 https://utkarsh.bank.in [71]

See also

Notes

    Reference

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