List of banks in India: A Comprehensive Guide to Banking Institutions

India has a well-developed banking system with a wide range of banks catering to different needs and segments of society.

There are 40 nationalized banks in India, which were nationalized by the government in the 1960s to increase access to banking services in rural areas.

These nationalized banks have a strong presence in rural areas and offer a range of services including savings accounts, loans, and remittances.

Many of these nationalized banks have been privatized over the years, but they continue to play a significant role in the Indian banking sector.

Public Sector (PSBs) banks are the backbone of Indian banking, with the government holding a majority stake. Diving into the leading public sector banks, we see institutions like the State Bank of India standing tall.

There are 12 public sector banks in India as of 31st December 2024. The oldest among them is the Punjab National Bank, established in 1894. The youngest is the State Bank of India, established in 1955.

Here's a list of the 12 public sector banks in India, along with their headquarters and government shareholding:

Private sector banks in India are a crucial part of the country's banking system, with 21 private banks operating as of April 1, 2024.

The oldest private bank in India is CSB Bank, which was established in 1920 in Thrissur, Kerala.

CSB Bank has 802 branches across the country and total assets of ₹23,337 crore (US$2.7 billion).

HDFC Bank is one of the largest private banks in India, with 9,092 branches and total assets of ₹4,030,194 crore (US$470 billion).

IDBI Bank has 2,116 branches and total assets of ₹298,652 crore (US$35 billion).

Here is a list of the 21 private sector banks in India, along with their establishment year and headquarters:

Regional Rural Banks (RRBs) play a vital role in serving the rural parts of India, aiming to improve the economic scenario of the rural populace.

There are 43 regional rural banks in India as of 1 January 2025. These banks operate in various states across the country.

RRBs serve the rural areas, providing essential banking services to the local population. They aim to promote financial inclusion and improve the overall well-being of the rural community.

Here's a list of some of the states where RRBs operate:

Some of the notable RRBs include the Andhra Pradesh Grameena Vikas Bank, Assam Gramin Vikash Bank, and Dakshin Bihar Gramin Bank.

There are 49 Co-operative Banks - Scheduled Urban Cooperative Banks in India as of 25 September 2024.

These banks are scattered across various states, with some of the notable ones being Ahmedabad Mercantile Co-Op Bank Ltd. and Kalupur Commercial Coop.Bank Ltd.

The list of Scheduled Urban Cooperative Banks includes banks from Maharashtra, Gujarat, and other states, providing financial services to their respective areas.

Some of the notable banks in this list include Abhyudaya Co-operative Bank Ltd., Mumbai, and Citizen Credit Co-operative Bank Ltd., Mumbai.

Here is a list of some of the Co-operative Banks - Scheduled Urban Cooperative Banks:

In addition to these 49 Scheduled Urban Cooperative Banks, there are 1420 Non-Scheduled Urban Co-operative Banks in India as of 25 September 2024.

India has a robust banking system with a variety of institutions catering to different needs. There are several types of banks in India, including state and district banks.

The state co-operative banks in India are 34 in number, each serving a specific state. These banks include the Andaman and Nicobar State Co-operative Bank Ltd. and the Andhra Pradesh State Co-operative Bank Ltd., among others.

Here's a list of some of the state co-operative banks in India:

In addition to state co-operative banks, India also has district central co-operative banks, with a total of 352 such banks in the country.

There are 34 state co-operative banks in India.

These banks are spread across the country, with each state having its own co-operative bank. The Andaman and Nicobar State Co-operative Bank Ltd. is one of them, serving the union territory of Andaman and Nicobar Islands.

The Andhra Pradesh State Co-operative Bank Ltd. is another example, catering to the needs of the people in Andhra Pradesh. Similarly, the Arunachal Pradesh State co-operative Apex Bank Ltd. serves the state of Arunachal Pradesh.

Here's a list of all the state co-operative banks in India:

There are a total of 352 district Central Co-operative Banks in India.

These banks play a significant role in the country's financial system, providing essential services to rural and urban areas.

The sheer number of 352 district Central Co-operative Banks is a testament to their widespread presence across India.

They cater to the diverse financial needs of the population, from small savings accounts to larger business loans.

The district Central Co-operative Banks are a vital part of India's banking infrastructure.

Small finance institutions in India are a type of bank that provides basic banking services to small businesses and individuals. They were introduced in 2015 to increase access to financial services in rural and semi-urban areas.

As of 31st December 2024, there are 12 small finance banks in India. These banks are AU Small Finance Bank, Capital Small Finance Bank, Equitas Small Finance Bank, ESAF Small Finance Bank, Jana Small Finance Bank, North East Small Finance Bank, Shivalik Small Finance Bank, Suryoday Small Finance Bank, Ujjivan Small Finance Bank, Unity Small Finance Bank, Fincare Small Finance Bank, and Utkarsh Small Finance Bank.

The Reserve Bank of India regulates these small finance banks to ensure they operate in a safe and sound manner.

The small finance banks have a total of 630 branches across the country, with the majority being AU Small Finance Bank with 630 branches.

AU Small Finance Bank has the highest total assets of ₹90,216.12 crore (US$10 billion), followed by Ujjivan Small Finance Bank with ₹33,316 crore (US$3.8 billion).

Here's a list of the 12 small finance banks in India, along with their headquarters and number of branches:

There are several types of banks in India, each with its own unique characteristics and operations.

Public sector banks are owned and operated by the government, with 21 nationalized banks in India.

Private sector banks, on the other hand, are owned and operated by private companies, with 10 major private sector banks in India.

Foreign banks operate in India with a presence of 47 banks from around the world, including banks from countries like the UK, Australia, and Singapore.

Commercial banks in India can be categorized into three main types: Scheduled Banks, Private Sector Banks, and Public Sector Banks.

Scheduled Banks are those that have been included in the Second Schedule of the RBI Act, 1934. These banks are further categorized into Private Sector Banks, Public Sector Banks, and Foreign Banks.

Private Sector Banks are owned by private individuals, with the majority of the stake held by them. HDFC Bank, ICICI Bank, and AXIS Bank are examples of Private Sector Banks. They are known for their innovative services and products.

Public Sector Banks, on the other hand, are owned by the government, with the majority of the stake held by them. Examples of Public Sector Banks include Punjab National Bank, State Bank of India, and Central Bank of India. They are known for their wide network and customer-centric services.

Foreign Banks have their head offices outside India and operate in the country. Examples of Foreign Sector Banks include Standard Chartered Bank, American Express, and Citi Bank.

Here's a brief overview of the types of commercial entities:

Foreign banks can operate in India through a wholly owned subsidiary. This means they have a separate entity incorporated in India, with 100% ownership by the parent bank.

The list of notable banks operating in this manner is quite extensive, but two examples that come to mind are banks that have a wholly owned subsidiary in India.

These banks are incorporated outside India and have chosen to establish a presence in the Indian market through a wholly owned subsidiary.

In India, there are several types of bank institutions that offer payment services, including Payment Banks. As of 1 April 2024, there are 6 Payment Banks in India.

The Payment Banks in India are Airtel Payments Bank, India Post Payments Bank, Jio Payments Bank, Fino Payments Bank, NSDL Payments Bank, and Paytm Payments Bank. These banks were established between 2017 and 2018, with Airtel Payments Bank and Fino Payments Bank being the first to be established in 2017.

Here's a list of the 6 Payment Banks in India:

These Payment Banks have a significant presence in India, with some of them having a large number of branches. For example, India Post Payments Bank has 650 branches.

As of 1 April 2024, there are six Payment Banks in India.

India Post Payments Bank has the most branches, with 650 locations across the country.

Fino Payments Bank has 410 branches, making it one of the largest payment banks in terms of physical presence.

Airtel Payments Bank and Jio Payments Bank have a significant presence in the country, but their branch numbers are not publicly disclosed.

NSDL Payments Bank and Jio Payments Bank have relatively low revenues, with ₹62 crore (US$7.2 million) and ₹13 crore (US$1.5 million) respectively.

India Post Payments Bank has the lowest revenue among the six payment banks, with ₹55 crore (US$6.4 million) in revenues.

Here is a list of notable foreign banks with branches in India:

India has a diverse banking sector, with both domestic and foreign banks operating in the country. The Reserve Bank of India (RBI) regulates the banking sector, ensuring that all banks operate in a safe and sound manner.

One notable aspect of India's banking sector is the presence of foreign banks. These international players bring in global expertise and cater to a niche set of customers looking for global banking services. For example, AB Bank Ltd., a Bangladesh-based bank, has a presence in India.

Here are some of the domestic bank institutions in India:

These domestic banks play a crucial role in providing banking services to the local population. They offer a range of products and services, including savings accounts, loans, and credit cards.

Payments banks in India are a relatively new concept, with the first one launched in 2017. There are currently 6 payment banks operating in the country.

Airtel Payments Bank, one of the earliest payment banks, was established in 2017 and is headquartered in New Delhi, Delhi. It has not disclosed the exact number of branches it has.

India Post Payments Bank, launched in 2018, has a significant presence with 650 branches across the country. In contrast, Jio Payments Bank, also launched in 2018, has not disclosed the number of branches it has.

Fino Payments Bank, another payment bank, was established in 2017 and is headquartered in Mumbai, Maharashtra. It has 410 branches and generated revenues of ₹791 crore (US$91 million) as of 1 April 2024.

Here's a list of the 6 payment banks in India, along with their establishment year and headquarters: