List of banks in India

Banks in India are classified into four categories -

Banks in India
Commercial BankSmall Finance BankPayments BankCo-operative Bank
Public SectorUrban Co-op.
Private SectorRural Co-op.
Regional Rural Bank
Foreign Bank

Public-sector banks
  • Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the government.
  • In April 2019, Vijaya Bank and Dena Bank were merged with Bank of Baroda.[1]
  • On 30 August 2019, Union Finance Minister Nirmala Sitaraman announced merger of six public sector banks (PSBs) with four better performing anchor banks in order to streamline their operation and size, two banks were amalgamated to strengthen national presence and four were amalgamated to strengthen regional focuses. Subsequently, the number of public sector bank has been reduced to 12 from 27.[2][3] This new amalgamation came effective from 1 April 2020.[4]

List of Public-Sector Banks in India as of 1 April 2020:

Anchor BankGovernment
Shareholding		Merged BanksBranchesEstablishedHeadquarterTotal AssetsRevenuesRefs
Bank of Baroda71.60%9,4811908Vadodara, Gujarat₹16,130 billion (US$230 billion)₹422 billion (US$5.9 billion)[1][5]
Bank of India89.10%5,0001906Mumbai, Maharashtra₹9,030 billion (US$130 billion)₹418 billion (US$5.9 billion)[6]
Bank of Maharashtra92.49%1,8971935Pune, Maharashtra₹2,340 billion (US$33 billion)₹130.53 billion (US$1.8 billion)
Canara Bank78.52%10,3421906Bengaluru, Karnataka₹15,203 billion (US$210 billion)₹558.30 billion (US$7.8 billion)[7]
Central Bank of India92.39%4,6661911Mumbai, Maharashtra₹4,680 billion (US$66 billion)₹259 billion (US$3.6 billion)
Indian Bank88.06%6,1041907Chennai, Tamil Nadu₹8,080 billion (US$110 billion)₹405.74 billion (US$5.7 billion)[7]
Indian Overseas Bank95.84%3,4001937Chennai, Tamil Nadu₹3,750 billion (US$53 billion)₹235.2 billion (US$3.3 billion)[8]
Punjab and Sind Bank83.06%1,5541908New Delhi, Delhi₹1,710 billion (US$24 billion)₹87.44 billion (US$1.2 billion)
Punjab National Bank85.59%11,4371894New Delhi, Delhi₹17,940 billion (US$250 billion)₹774.22 billion (US$11 billion)[7]
State Bank of India56.92%24,0001955Mumbai, Maharashtra₹52,050 billion (US$730 billion)₹2,110.00 billion (US$30 billion)[9]
UCO Bank94.44%4,0001943Kolkata, West Bengal₹3,170 billion (US$44 billion)₹185.61 billion (US$2.6 billion)[10]
Union Bank of India89.07%9,6091919Mumbai, Maharashtra₹14,594 billion (US$200 billion)₹696.39 billion (US$9.8 billion)[7]

Private-sector banks

List of Private Banks: At present, there are 21 private banks in India as of 27 November 2020.

Bank NameEstablishedHeadquartersBranchesTotal AssetsRevenuesReferences
Axis Bank1993Mumbai, Maharashtra4800₹10,600 billion (US$150 billion)₹414.093 billion (US$5.8 billion)
Bandhan Bank2015Kolkata, West Bengal1,187₹302.36 billion (US$4.2 billion)₹43.20 billion (US$610 million)
CSB Bank1920Thrissur, Kerala417₹162.2324 billion (US$2.3 billion)₹16.17 billion (US$230 million)
City Union Bank1904Thanjavur, Tamil Nadu700₹352.71 billion (US$4.9 billion)₹29.4421 billion (US$410 million)
DCB Bank1930Mumbai, Maharashtra341₹240.46 billion (US$3.4 billion)₹20.76 billion (US$290 million)
Dhanlaxmi Bank1927Thrissur, Kerala247₹122.86 billion (US$1.7 billion)₹11.16 billion (US$160 million)
Federal Bank1931Kochi, Kerala1,284₹1,149.8 billion (US$16 billion)₹97.5920 billion (US$1.4 billion)
HDFC Bank1994Mumbai, Maharashtra5,430₹8,638 billion (US$120 billion)₹816.02 billion (US$11 billion)
ICICI Bank1994Mumbai, Maharashtra5,324₹12,720 billion (US$180 billion)₹736.60 billion (US$10 billion)[11]
IDBI Bank1964Mumbai, Maharashtra1,892₹3,144.57 billion (US$44 billion)₹253.71 billion (US$3.6 billion)[12]
IDFC First Bank2015Mumbai, Maharashtra523₹1,121.6 billion (US$16 billion)₹85.327 billion (US$1.2 billion)
IndusInd Bank1994Mumbai, Maharashtra1,911₹1,786 billion (US$25 billion)₹185.77 billion (US$2.6 billion)
Jammu & Kashmir Bank1938Srinagar, Jammu and Kashmir1,038₹820.18 billion (US$11 billion)₹71.66 billion (US$1.0 billion)
Karnataka Bank1924Mangaluru, Karnataka862₹641.26 billion (US$9.0 billion)₹51.85 billion (US$730 million)
Karur Vysya Bank1916Karur, Tamil Nadu779₹576.63 billion (US$8.1 billion)₹54.43 billion (US$760 million)
Kotak Mahindra Bank2003Mumbai, Maharashtra1,600₹2,146 billion (US$30 billion)₹211.76 billion (US$3.0 billion)
Nainital Bank1922Nainital, Uttarakhand147₹7.7 billion (US$110 million)₹6.12 billion (US$86 million)
RBL Bank1943Mumbai, Maharashtra392₹486.74 billion (US$6.8 billion)₹44.68 billion (US$630 million)
South Indian Bank1929Thrissur, Kerala929₹743.12 billion (US$10 billion)₹65.62 billion (US$920 million)
Tamilnad Mercantile Bank1921Thoothukudi, Tamil Nadu509₹322.4 billion (US$4.5 billion)₹38.11 billion (US$530 million)
Yes Bank 2004 Mumbai, Maharashtra 1,119 ₹2,578 billion (US$36 billion) ₹102.47 billion (US$1.5 billion) [13]

Regional Rural Banks (RRBs)

List of Regional Rural Bank: At present, there are 43 RRBs in India as of 1 November 2020.

StateBank's NameEstablishedHeadquartersBranchesSponsor BankRef
Andhra PradeshAndhra Pradesh Grameena Vikas Bank2006Warangal, Telangana755State Bank of India
Andhra Pragathi Grameena Bank2006Kadapa, Andhra Pradesh552Canara Bank
Chaitanya Godavari Gramin Bank2006 Guntur, Andhra Pradesh 219 Union Bank of India
Saptagiri Gramin Bank2006 Chittoor, Andhra Pradesh 220 Indian Bank
Arunachal PradeshArunachal Pradesh Rural Bank1983 Itanagar, Arunachal Pradesh 30 State Bank of India
AssamAssam Gramin Vikash Bank2006Guwahati, Assam474Punjab National Bank
BiharDakshin Bihar Gramin Bank2019Patna, India1078Punjab National Bank
Uttar Bihar Gramin Bank1976Muzaffarpur, India1001Central Bank of India
ChhattisgarhChhattisgarh Rajya Gramin BankRaipur625State Bank of India
GujaratBaroda Gujarat Gramin Bank2019Vadodara489Bank of Baroda
Saurashtra Gramin Bank1978Rajkot259State Bank of India[14]
HaryanaSarva Haryana Gramin Bank2013Rohtak,Haryana542Punjab National Bank
Himachal PradeshHimachal Pradesh Gramin BankMandi,Himachal Pradesh265Punjab National Bank
Jammu And KashmirEllaquai Dehati Bank1979Srinagar,Jammu and Kashmir (Union Territory)116State Bank of India
Jammu And Kashmir Grameen Bank2009Jammu,Jammu and Kashmir (Union Territory)217J&K Bank Ltd.
JharkhandJharkhand Rajya Gramin Bank2019Ranchi443State Bank Of India
KarnatakaKarnataka Gramin Bank2019Ballari1142Canara Bank
Karnataka Vikas Grameena Bank2005Dharwad, Karnataka633Canara Bank
KeralaKerala Gramin Bank2013Malappuram, Kerala634Canara Bank[15]
Madhya PradeshMadhya Pradesh Gramin Bank2019Indore866Bank of India
Madhyanchal Gramin Bank2012Sagar, Madhya Pradesh454State Bank of India
MaharashtraMaharashtra Gramin Bank2008Aurangabad, India391Bank of Maharashtra
Vidarbha Konkan Gramin Bank2013Nagpur318Bank of India
ManipurManipur Rural Bank1981Imphal28Punjab National Bank
MeghalayaMeghalaya Rural Bankshillong87State Bank of India
MizoramMizoram Rural Bank1983Aizawl, Mizoram85State Bank of India
NagalandNagaland Rural Bank1983Kohima10State Bank of India
OdishaOdisha Gramya Bank2013Bhubaneswar, India549Indian Overseas Bank
Utkal Grameen Bank2012Bolangir, India442State Bank of India
PuducherryPuduvai Bharathiar Grama Bank2008Pondicherry, India43Indian Bank
PunjabPunjab Gramin Bank2019Kapurthala,Punjab419Punjab National Bank
RajasthanRajasthan Marudhara Gramin Bank2014Jodhpur715State Bank of India
Baroda Rajasthan Kshetriya Gramin BankAjmer833Bank of Baroda
Tamil NaduTamil Nadu Grama Bank2019Salem, Tamil Nadu630Indian Bank
TelanganaTelangana Grameena Bank356State Bank of India
TripuraTripura Gramin Bank1976Agartala, India142Punjab National Bank
Uttar PradeshAryavart Bank2019 Lucknow, Uttar Pradesh 1365 Bank of India
Baroda UP Bank2020Ayodhya, Uttar Pradesh2050 Bank of Baroda
Prathama UP Gramin Bank2019 Moradabad, Uttar Pradesh938Punjab National Bank
UttarakhandUttarakhand Gramin Bank2012Dehradun, Uttarakhand286State Bank of India
West BengalBangiya Gramin Vikash Bank2007Berhampore, West Bengal587Punjab National Bank
Paschim Banga Gramin Bank2007Howrah, West Bengal230UCO Bank
Uttarbanga Kshetriya Gramin Bank1977 Coochbehar, West Bengal142Central Bank of India

Foreign banks

Foreign banks with branches

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

Foreign banks with representative offices

List of notable foreign banks with representative offices in India:

Small finance banks
Main article: Small finance bank
Bank NameEstablishedHeadquartersBranchesRevenuesTotal AssetsRef
Ujjivan Small Finance Bank 2017 Bangalore 464 ₹9,473 crore (US$1.3 billion)
Jana Small Finance Bank 2018 Bangalore [16]
Equitas Small Finance Bank 2016 Chennai 412 ₹31.35 crores (US$5 million) ₹1,787.41 crores (US$274 million)
AU Small Finance Bank 2017 Jaipur 396 ₹292 crore (US$41 million) ₹2,155.25 crore (US$300 million)
Capital Small Finance Bank 2016 Jalandhar [17]
Fincare Small Finance Bank 2017 Bangalore [18]
ESAF Small Finance Bank 2017 Thrissur 400 ₹475 crore (US$67 million) [19]
North East Small Finance Bank 2017 Guwahati [20]
Suryoday Small Finance Bank 2017 Navi Mumbai [21]
Utkarsh Small Finance Bank 2017 Varanasi [22]

Payments banks
Bank NameEstablishedHeadquartersBranchesRevenuesReferences
Airtel Payments Bank2017New Delhi, Delhi ₹474 crores (FY2020)[23]
[24]
India Post Payments Bank2018New Delhi, Delhi650 Branches ₹48 crores (FY2019)[25]
[26]
Paytm Payments Bank2017Noida, Uttar Pradesh ₹29.8 crores (FY2020)[27]
[28]
Jio Payments Bank2018Mumbai, Maharashtra[29]
[30]
Fino Payments Bank2017Mumbai, Maharashtra410 Branches ₹689 crores (FY2020)[31]
[32]
NSDL Payments Bank2018Mumbai, Maharashtra[33]

Co-operative banks

State Co-operative Banks (SCBs)

List of State Co-operative Banks:

Urban Co-operative Banks (UCBs)

List of scheduled and unscheduled Urban Co-operative Banks:

  • Abhyudaya Co-operative Bank Ltd
  • Ahmedabad Mercantile Co-Op Bank Limited
  • Amanath Co-operative Bank Limited
  • Andhra Pradesh Mahesh Co-Op Urban Bank Limited
  • Apna Sahakari Bank Limited
  • Bassein Catholic Co-operative Bank Limited
  • Bharat Co-operative Bank (Mumbai) Limited
  • Bombay Mercantile Co-operative Bank Limited
  • Citizen Credit Co-operative Bank Limited
  • Cosmos Bank
  • Dombivli Nagari Sahakari Bank Ltd
  • Fingrowth Co-operative Bank Limited
  • Goa Urban Co-operative Bank Limited
  • Gopinath Patil Parsik Janata Sahakari Bank Limited
  • Greater Bombay Co-operative Bank Limited
  • GS Mahanagar Co-operative Bank Limited
  • Indian Mercantile Co-operative Bank Limited
  • Jalgaon Janata Sahakari Bank Limited
  • Jalgaon People's Co-operative Bank Limited
  • Janakalyan Sahakari Bank Limited
  • Janalaxmi Co-operative Bank Limited
  • Janata Sahakari Bank Limited
  • Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited
  • Kalupur Commercial Co-Op Bank Limited
  • Kalyan Janata Sahakari Bank Limited
  • Karad Urban Co-operative Bank Limited
  • Mapusa Urban Co-operative Bank of Goa Limited
  • Nagar Urban Co-operative Bank Limited
  • Nagpur Nagrik Sahakari Bank Limited
  • Nasik Merchant's Co-operative Bank Limited
  • New India Co-operative Bank Limited
  • NKGSB Co-operative Bank Limited
  • Nutan Nagarik Sahakari Bank Limited
  • Osmanabad Janata Sahakari Bank Limited
  • Pravara Sahakari Bank Limited
  • Punjab and Maharashtra Co-operative Bank
  • Rajarambapu Sahakari Bank Limited
  • Rajkot Nagrik Sahakari Bank Limited
  • Rupee Co-operative Bank Limited
  • Sangli Urban Co-operative Bank Limited
  • Saraswat Bank
  • Sardar Bhiladwala Pardi People's Co-op. Bank Limited
  • Shamrao Vithal Co-operative Bank
  • Shikshak Sahakari Bank Limited
  • Solapur Janata Sahakari Bank Limited
  • Surat Peoples Coop Bank Limited
  • Thane Bharat Sahakari Bank Limited
  • The Akola Janata Commercial Co-operative Bank Limited
  • The Akola Urban Co-operative Bank Limited
  • The Jaynagar Majilpur People's Co-Operative Bank Limited
  • The Khamgaon Urban Co-operative Bank Limited
  • The Mehsana Urban Co-Op Bank Limited
  • TJSB Sahakari Bank
  • Vasai Vikas Sahakari Bank Limited
  • Zoroastrian Co-operative Bank Limited

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.[34]

List of Local Area Banks: [35]

  • Coastal Local Area Bank Ltd
  • Krishna Bhima Samruddhi LAB Ltd

See also

References
  1. "Dena Bank, Vijaya Bank merges with Bank of Baroda". Livemint. 1 April 2019.
  2. "Modi govt's mega bank merger drive: Now there will be only 12 PSU banks". India Today. 30 August 2019.
  3. "Big bank mergers: Government turns ten PSBs into four". Economic Times. 30 August 2019.
  4. "Merged entity of UBI, PNB, OBC to become operational from 1 April next year". Livemint. 30 August 2019.
  5. "Offices & Branches". Bank of Baroda. Retrieved 16 March 2019.
  6. India, Press Trust of (1 November 2019). "Bank of India posts Rs 266 crore profit in Q2, eyes 10% growth in FY20". Business Standard India. Retrieved 22 November 2019.
  7. "PNB to be 2nd largest PSB post merger, Canara fourth, UBI fifth, Allahabad 7th". Economic Times. Retrieved 16 March 2019.
  8. "Indian Overseas Bank". Business Standard India. Retrieved 26 February 2020.
  9. "Five associate banks, BMB merge with SBI". The Hindu. Retrieved 16 March 2019.
  10. "Efforts of banks under PCA framework are being monitored: RBI Governor". The Economic Times. 22 February 2020.
  11. "ICICI Bank- About Us". ICICI Bank.
  12. Re-categorization of IDBI Bank Ltd. as a Private Sector Bank: https://www.idbibank.in/idbi-bank-history.asp
  13. "Yes Bank Q1 2020-21".
  14. https://sgbrrb.org/pdf/SGB-key-indicator.pdf
  15. https://www.keralagbank.com/about-us/profile/
  16. "Jana Small Finance Bank commences operations to continue its focus on financial inclusion". The Times of India. 2 April 2018. Retrieved 16 August 2018.
  17. "Capital Small Finance Bank Ltd. commences Operations". Reserve Bank of India. 27 April 2016. Retrieved 16 August 2018.
  18. "Fincare Small Finance Bank commences banking operations, ready to usher an era of 'Rurban' banking". BW Education. 26 July 2017. Retrieved 16 August 2018.
  19. "ESAF SFB fulfils banking dreams of commom man". Passline Business Magazine. 4 August 2017. Retrieved 14 December 2018.
  20. "North East Small Finance Bank starts operations: RBI". The Economic Times. 17 October 2017. Retrieved 16 August 2018.
  21. "Suryoday, Utkarsh small finance banks commence operations". Business Standard India. 23 January 2017. Retrieved 16 August 2018.
  22. "Utkarsh start's operations". business-standard. 4 August 2018. Retrieved 14 December 2018.
  23. "Airtel launches India's first payments bank". Livemint. 23 November 2016. Retrieved 29 April 2020.
  24. "Airtel Payments Bank's revenue up 87% in FY20". Livemint. 28 June 2020. Retrieved 13 November 2020.
  25. "Prime Minister launches India Post Payments Bank". The Hindu. 1 September 2018. Retrieved 29 April 2020.
  26. "Annual Report-2019". IPPB. 13 November 2020. Retrieved 13 June 2019.
  27. "Paytm gets a green signal from the RBI to formally launch its 'Payments Bank'". The Economic Times. 4 January 2017. Retrieved 13 November 2020.
  28. "Paytm Payments Bank FY20 net profit up 55% at Rs 29.8 crore". The Economic Times. 9 June 2020. Retrieved 13 November 2020.
  29. "RIL takes Reliance Jio route for Jio Payments Bank launch". Livemint. 24 October 2018. Retrieved 28 October 2020.
  30. "Jio Payments Bank a step closer to launch, Mukesh Ambani foray to take on Paytm, Airtel; trials on". Financial Express. 24 October 2018. Retrieved 13 November 2020.
  31. "India Gets Its Fourth Payments Bank". BloombergQuint. 17 July 2017. Retrieved 13 November 2020.
  32. "Fino Payments Bank Q4 results: Reports profit, ends FY20 with positive EBITDA". The Economic Times. 20 May 2020. Retrieved 13 November 2020.
  33. "NSDL Payments Bank set to start operations". The Hindu Business Line. 4 January 2017. Retrieved 13 November 2020.
  34. https://m.rbi.org.in//scripts/PublicationReportDetails.aspx?ID=294
  35. https://www.rbi.org.in/scripts/banklinks.aspx
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