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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.
Banks are divided into categories like public sector banks, private sector banks, payments banks, foreign banks, regional rural banks, cooperative banks etc. There are 137 banks in India as of May 2024 in 700+ Indian districts as of now. Below is the complete list of banks in India.
List of Private Sector Banks in India. Sr. No. Name of the Bank. 1. Axis Bank Ltd. 2. Bandhan Bank Ltd. 3.
20. First Abu Dhabi Bank PJSC. Unit 1101 & 1201, Platina, C - 59, G Block, Bandra Kurla Complex Bandra (East) Mumbai - 400 021. 21. FirstRand Bank Limited. 4th floor, TCG Financial Centre C – 53, "G" Block Bandra Kurla complex, Bandra (East) Mumbai – 400 051. 22. Hong Kong and Shanghai Banking Corporation Limited.
Get a list of different types of banks operating in India. Users can get information on SBI and associate banks, nationalised banks, public sector banks, private sector banks, foreign banks, co-operative banks, regional rural banks, financial institutions associated with the banks, etc. Contact details of the bank's head offices are also available.
SBM Bank (India) Limited* 39. Shinhan Bank: 40. Societe Generale: 41. Sonali Bank PLC: 42. Standard Chartered Bank : 43. Sumitomo Mitsui Banking Corporation: 44. United Overseas Bank Ltd: 45. Woori Bank *SBM Bank (India) Limited (Subsidiary of SBM Group) and DBS Bank India Limited (Subsidiary of DBS Bank Ltd.) have been issued licence on December 6, 2017 and October 4, 2018 respectively for carrying on banking business in India through Wholly Owned Subsidiary (WOS) mode. They have commenced ...
Jun 24, 2024 · Banks are classified into 4 broad categories – Commercial Banks, Small Finance Banks, Payment Banks and Co-operative Banks. Commercial Banks are further classified into Public sector banks and Private sector banks. There are total of 91 commercial banks operating in India.
List of Scheduled Commercial Banks . PUBLIC SECTOR BANKS PRIVATE BANKS 1 State Bank of India 1 Axis Bank Ltd. 2 Bank of Baroda (Including Vijaya Bank and Dena Bank) 2 Catholic Syrian Bank Ltd. 3 Bank of India 3 City Union Bank Ltd. 4 Bank of Maharashtra 4 Development Credit Bank Ltd. 5 Canara Bank (Including Syndicate Bank)
Download PDF Here. The bank takes deposits at a much lower rate from the public called the deposit rate and lends money at a much higher rate called the lending rate. Banks can be classified into various types. Given below are the bank types in India:- Central Bank. Cooperative Banks. Commercial Banks. Regional Rural Banks (RRB)
Mar 19, 2024 · Read on for a full rundown of the top banks in India, from State Bank of India to Punjab National Bank. We’ll also give you some info on the accounts each bank offers. But let’s start with an overview of banking in India.
