- Source: List of banks in India
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934.
Commercials banks
= Public Sector Banks (PSBs)
=There are 12 public sector banks in India as of 3 September 2024.
= Private-sector banks
=There are 21 private banks in India as of 1 April 2024.
= Regional Rural Banks (RRBs)
=There are 43 regional rural banks in India as of 1 November 2020.
Co-operative banks
= State Co-operative Banks (SCBs)
=There are 34 state co-operative banks in India.
= District Central Co-operative Banks
=There are a total of 352 district Central Co-operative in India.
= Co-operative Banks - Scheduled Urban Cooperative Banks
=There are 49 Co-operative Banks - Scheduled Urban Cooperative Banks in India as of 25th September, 2024.
= Co-operative Banks- Non-Scheduled Urban Cooperative Banks
=There are 1420 Non-Scheduled Urban Co-operative Banks in India as of 25th September, 2024.
Foreign banks
Foreign banks in India as on 14 July 2020 - Branch/WOS/Representative form of presence as per RBI:
= Foreign banks operating as wholly owned subsidiary in India
=List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India:
= Foreign banks with branches in India
=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:
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.
List of Local Area Banks:
Payments banks
Small finance banks
At present, there are 11 small sector banks in India.
See also
Banking in India
Defunct banks of India
Indian Financial System Code
List of largest banks
List of companies of India
List of financial regulatory authorities by country
Make in India
Reserve Bank of India
References
External links
"Banks in India". Reserve Bank of India.
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- List of banks in India
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- State Bank of India
- Scheduled Banks (India)
- Bank of India
- List of oldest banks in India
- Union Bank of India
- List of largest banks
- List of banks in the United Kingdom
- List of chairpersons of the State Bank of India
