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List of banks in India

From Wikipedia, the free encyclopedia

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

As of 1st May 2025, India's commercial banking sector consist of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 44 foreign banks (FBs), 11 SFBs, 5 PBs, 28 RRBs, and 2 LABs, 4 Financial Institutions. Out of these 128 commercial banks, 124 are classified as scheduled banks, while four are non-scheduled.

Commercials banks

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Public Sector Banks (PSBs)

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

Anchor bank Established Headquarters Government
shareholding
Branches (Domestic) Total assets Revenues Refs
Bank of Baroda 1908 Vadodara, Gujarat 63.97% 8,424 1,654,779 crore (US$200 billion) 110,777.98 crore (US$13 billion) [4][5][6]
Bank of India 1906 Mumbai, Maharashtra 73.38% 5,202 815,555.61 crore (US$96 billion) 54,747.61 crore (US$6.5 billion) [7][8]
Bank of Maharashtra 1935 Pune, Maharashtra 79.60% 2,551 184,082 crore (US$22 billion) 13,144.67 crore (US$1.6 billion) [9]
Canara Bank 1906 Bengaluru, Karnataka 62.93% 9,850 1,535,018 crore (US$180 billion) 139,165 crore (US$16 billion) [10][11][12]
Central Bank of India 1911 Mumbai, Maharashtra 93.08% 4,541 369,214.99 crore (US$44 billion) 25,897.44 crore (US$3.1 billion) [13]
Indian Bank 1907 Chennai, Tamil Nadu 73.84% 5,880 1,221,773 crore (US$140 billion) 63,481 crore (US$7.5 billion) [14][15]
Indian Overseas Bank 1937 Chennai, Tamil Nadu 96.38% 3,322 352,033.62 crore (US$42 billion) 29,705.99 crore (US$3.5 billion) [14][15]
Punjab and Sind Bank 1908 New Delhi, NCT of Delhi 98.25% 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 70.08% 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 57.43% 22,740 6,733,778 crore (US$800 billion) 473,378.14 crore (US$56 billion) [18][19][20]
UCO Bank 1943 Kolkata, West Bengal 95.39% 3,263 253,336.1092 crore (US$30 billion) 18,166.42 crore (US$2.1 billion) [21][22]
Union Bank of India 1919 Mumbai, Maharashtra 74.76% 8,572 1,391,957.62 crore (US$160 billion) 97,078.50 crore (US$11 billion) [10][23]

Private Sector Banks

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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 1st April 2025.

Bank name Established Headquarters Branches Total assets Revenues Refs
Axis Bank 1993 Mumbai, Maharashtra 5,706 1,518,239 crore (US$180 billion) 137,989 crore (US$16 billion) [24]
Bandhan Bank 2015 Kolkata, West Bengal 1,703 305,400 crore (US$36 billion) 21,656 crore (US$2.6 billion) [25]
CSB Bank 1920 Thrissur, Kerala 802 23,337 crore (US$2.8 billion) 3,450 crore (US$410 million) [26]
City Union Bank 1904 Kumbakonam, Tamil Nadu 815 53,311 crore (US$6.3 billion) 4,839 crore (US$570 million) [27][28]
DCB Bank 1930 Mumbai, Maharashtra 451 39,602 crore (US$4.7 billion) 3,916 crore (US$460 million) [29]
Dhanlaxmi Bank 1927 Thrissur, Kerala 261 13,096 crore (US$1.5 billion) 1,072 crore (US$130 million) [30]
Federal Bank 1931 Kochi, Kerala 1,533 308,311.80 crore (US$36 billion) 25,267 crore (US$3.0 billion) [31]
HDFC Bank 1994 Mumbai, Maharashtra 9,092 4,030,194 crore (US$480 billion) 205,000 crore (US$24 billion) [32][33]
ICICI Bank 1994 Mumbai, Maharashtra 6,613 2,364,063 crore (US$280 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 961 296,210 crore (US$35 billion) 36,257 crore (US$4.3 billion) [39]
IndusInd Bank 1994 Mumbai, Maharashtra 3,040 515,094 crore (US$61 billion) 28,999 crore (US$3.4 billion) [40]
Jammu & Kashmir Bank 1938 Srinagar, Jammu and Kashmir 1,008 82,018 crore (US$9.7 billion) 7,166 crore (US$850 million) [41]
Karnataka Bank 1924 Mangaluru, Karnataka 957 99,058 crore (US$12 billion) 6,232 crore (US$740 million) [42]
Karur Vysya Bank 1916 Karur, Tamil Nadu 841 74,623 crore (US$8.8 billion) 5,470 crore (US$650 million) [43]
Kotak Mahindra Bank 2003 Mumbai, Maharashtra 2013 767,667 crore (US$91 billion) 94,274 crore (US$11 billion) [44]
Nainital Bank 1922 Nainital, Uttarakhand 171 8,438 crore (US$1.0 billion) 727 crore (US$86 million) [45]
RBL Bank 1943 Mumbai, Maharashtra 550 138,403 crore (US$16 billion) 8,561 crore (US$1.0 billion) [46]
South Indian Bank 1929 Thrissur, Kerala 955 94,149 crore (US$11 billion) 7,305 crore (US$860 million) [47]
Tamilnad Mercantile Bank 1921 Thoothukkudi, Tamil Nadu 567 42,758 crore (US$5.1 billion) 3,992 crore (US$470 million) [48]
Yes Bank 2004 Mumbai, Maharashtra 1,237 405,492.99 crore (US$48 billion) 20,039 crore (US$2.4 billion) [49][50]

Regional Rural Banks (RRBs)

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There are 28 regional rural banks in India as of 1st May 2025.

State Bank name Established Headquarters Branches Sponsor bank Refs
Andhra Pradesh Andhra Pradesh Grameena Bank 2025 Amaravati, Andhra Pradesh 1,351 Union Bank of India [51]
Arunachal Pradesh Arunachal Pradesh Rural Bank 1983 Itanagar, Arunachal Pradesh 30 State Bank of India [52]
Assam Assam Gramin Vikash Bank 2006 Guwahati, Assam 472 Punjab National Bank
Bihar Bihar Gramin Bank 2025 Patna, India 2,117 Punjab National Bank
Chhattisgarh Chhattisgarh Rajya Gramin Bank 2013 Raipur, Chhattisgarh 614 State Bank of India [53]
Gujarat Gujarat Gramin Bank 2025 Vadodara, Gujarat 740 Bank of Baroda [54]
Haryana Sarva Haryana Gramin Bank 2013 Rohtak, Haryana 542 Punjab National Bank [55]
Himachal Pradesh Himachal Pradesh Gramin Bank 2013 Mandi, Himachal Pradesh 265 Punjab National Bank [56]
Jammu And Kashmir Jammu and Kashmir Grameen Bank 2025 Jammu, Jammu and Kashmir 333 Jammu & Kashmir Bank
Jharkhand Jharkhand Rajya Gramin Bank 2019 Ranchi, Jharkhand 443 State Bank Of India
Karnataka Karnataka Grameena Bank 2025 Ballari, Karnataka 1,751 Canara Bank
Kerala Kerala Gramin Bank 2013 Malappuram, Kerala 634 Canara Bank [57]
Madhya Pradesh Madhya Pradesh Gramin Bank 2025 Indore, Madhya Pradesh 1,320 Bank of India
Maharashtra Maharashtra Gramin Bank 2025 Chhatrapati Sambhajinagar, Maharashtra 709 Bank of Maharashtra
Manipur Manipur Rural Bank 1981 Imphal, Manipur 28 Punjab National Bank
Meghalaya Meghalaya Rural Bank 1981 Shillong, Meghalaya 87 State Bank of India [58]
Mizoram Mizoram Rural Bank 1983 Aizawl, Mizoram 85 State Bank of India
Nagaland Nagaland Rural Bank 1983 Kohima, Nagaland 10 State Bank of India
Odisha Odisha Gramin Bank 2025 Bhubaneswar, India 991 Indian Overseas Bank
Puducherry Puduvai Bharathiar Grama Bank 2008 Pondicherry, Puducherry 43 Indian Bank
Punjab Punjab Gramin Bank 2019 Kapurthala, Punjab 419 Punjab National Bank
Rajasthan Rajasthan Gramin Bank 2025 Jaipur, Rajasthan 1,548 State Bank of India
Tamil Nadu Tamil Nadu Grama Bank 2019 Salem, Tamil Nadu 675 Indian Bank
Telangana Telangana Grameena Bank 2025 Hyderabad, Telangana 934 State Bank of India [59]
Tripura Tripura Gramin Bank 1976 Agartala, India 142 Punjab National Bank
Uttar Pradesh Uttar Pradesh Gramin Bank 2025 Lucknow, Uttar Pradesh 4,353 Bank of Baroda
Uttarakhand Uttarakhand Gramin Bank 2012 Dehradun, Uttarakhand 286 State Bank of India [60]
West Bengal West Bengal Gramin Bank 2025 Kolkata, West Bengal 960 Punjab National Bank

Co-operative banks

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State Co-operative Banks (SCBs)

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There are 34 state co-operative banks in India.

District Central Co-operative Banks

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

Co-operative Banks - Scheduled Urban Cooperative Banks

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

Co-operative Banks- Non-Scheduled Urban Cooperative Banks

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There are 1420 Non-Scheduled Urban Co-operative Banks in India as of 25 September 2024.

Foreign Banks

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Foreign banks in India as on 1 April 2025 are 44. Branch/WOS/Representative form of presence as per RBI is as follows:[61]

Foreign banks operating as wholly owned subsidiary in India

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

Foreign banks with branches in India

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

Foreign banks with representative offices

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List of notable foreign banks with representative offices in India:

Local Area Banks

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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.[62]

As of 1 April 2025 there are 2 Local Area Banks. There names are :[63]

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

Payments banks

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As of 1 April 2025, there are 5 Payment Banks in India.

Bank name Established Headquarters Branches Revenues Refs
Airtel Payments Bank 2017 New Delhi, Delhi 627 crore (US$74 million) [64][65]
India Post Payments Bank 2018 New Delhi, Delhi 650 Branches 55 crore (US$6.5 million) [66]
Jio Payments Bank 2018 Mumbai, Maharashtra 13 crore (US$1.5 million) [67]
Fino Payments Bank 2017 Mumbai, Maharashtra 410 Branches 791 crore (US$94 million) [68][69]
NSDL Payments Bank 2018 Mumbai, Maharashtra 62 crore (US$7.3 million) [70]

Small finance banks

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As of 1 April 2025, there are 12 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$11 billion) 9,293 crore (US$1.1 billion) [71]
Capital Small Finance Bank 2016 Jalandhar, Punjab 180 [72]
Equitas Small Finance Bank 2016 Chennai, Tamil Nadu 987 26,959 crore (US$3.2 billion) 3,997 crore (US$470 million) [73]
ESAF Small Finance Bank 2017 Thrissur, Kerala 756 26,086.88 crore (US$3.1 billion) 475 crore (US$56 million) [74]
Jana Small Finance Bank 2018 Bangalore, Karnataka 640 20,189 crore (US$2.4 billion) 3,050 crore (US$360 million) [75]
North East Small Finance Bank 2017 Guwahati, Assam 232 [76]
Shivalik Small Finance Bank 2021 Saharanpur, Uttar Pradesh 73 [77]
Suryoday Small Finance Bank 2017 Navi Mumbai, Maharashtra 695 [78]
Ujjivan Small Finance Bank 2017 Bangalore, Karnataka 752 33,316 crore (US$3.9 billion) 4,754 crore (US$560 million) [79]
Unity Small Finance Bank 2021 Mumbai, Maharashtra 334
Fincare Small Finance Bank 2007[a] Mumbai, Maharashtra [80]
Utkarsh Small Finance Bank 2018 Varanasi, Uttar Pradesh 967 [81]

See also

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Notes

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  1. ^ merge in AU Small Finance Bank from 1st of April 2024

References

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