List of banks in India
| Company type | Banking sector |
|---|---|
| Industry | Banking and finance |
| Founded | 1934 (RBI Act) |
Area served | India |
| Products | Commercial banking, Regional rural banking, Co-operative banking, Foreign banking, Payments banks, Small finance banks, Local area banks |
This compilation enumerates the banks recognized as Scheduled Banks according to the second schedule of the RBI Act, 1934.
As of 1 August 2025, India's commercial banking landscape comprises 12 Public Sector Banks (PSBs), 21 Private Sector Banks (PVBs), 28 Regional Rural Banks (RRBs), 44 Foreign Banks (FBs), 11 Small Finance Banks (SFBs), 5 Payments Banks (PBs), 2 Local Area Banks (LABs), alongside 4 Financial Institutions. Out of these total 128 commercial banks, 124 qualify as scheduled banks, while the remaining four are classified as non-scheduled.
Public Sector Banks (PSBs)
As on 1 August 2025, India hosts a total of 12 public sector banks.[1]
| Anchor bank | Founded | Headquarters | Government Ownership |
Domestic Branches | Total assets | Revenue | References |
|---|---|---|---|---|---|---|---|
| Bank of Baroda | 1908 | Vadodara, Gujarat | 63.97% | 8,426 | Template:Sort | Template:Sort | [2] |
| Bank of India | 1906 | Mumbai, Maharashtra | 73.38% | 5,304 | Template:Sort | Template:Sort | [3] |
| Bank of Maharashtra | 1935 | Pune, Maharashtra | 79.60% | 2,641 | Template:Sort | Template:Sort | [4] |
| Canara Bank | 1906 | Bengaluru, Karnataka | 62.93% | 9,861 | Template:Sort | Template:Sort | [5] |
| Central Bank of India | 1911 | Mumbai, Maharashtra | 89.27% | 4,552 | Template:Sort | Template:Sort | [6] |
| Indian Bank | 1907 | Chennai, Tamil Nadu | 73.84% | 5,909 | Template:Sort | Template:Sort | [7] |
| Indian Overseas Bank | 1937 | Chennai, Tamil Nadu | 94.61% | 3,345 | Template:Sort | Template:Sort |
Private Sector Banks (PVBs)
Private sector banks are financial institutions where a private company or group of individuals holds the majority ownership of the bank's equity. Although they adhere to the regulations set by the central banking authority, they maintain their own unique financial frameworks.
As of 1 August 2025, there are 21 private sector banks operating in India:
Regional Rural Banks (RRBs)
As of August 1, 2025, India hosts a total of 28 regional rural banks.
| State | Bank Name | Year Founded | Headquarters | Number of Branches | Sponsoring Bank |
|---|---|---|---|---|---|
| Andhra Pradesh | Andhra Pradesh Grameena Bank | 2025 | Guntur, Andhra Pradesh | 1,351 | Union Bank of India |
| Arunachal Pradesh | Arunachal Pradesh Rural Bank | 1983 | Itanagar, Arunachal Pradesh | 30 | State Bank of India |
| Assam | Assam Gramin Vikash Bank | 2006 | Guwahati, Assam | 472 | Punjab National Bank |
| Bihar | Bihar Gramin Bank | 2025 | Patna, Bihar | 2,885 | Punjab National Bank |
| Chhattisgarh | Chhattisgarh Rajya Gramin Bank | 2013 | Raipur, Chhattisgarh | 614 | State Bank of India |
| Gujarat | Gujarat Gramin Bank | 2025 | Vadodara, Gujarat | 744 | Bank of Baroda |
| Haryana | Sarva Haryana Gramin Bank | 2013 | Rohtak, Haryana | 542 | Punjab National Bank |
| Himachal Pradesh | Himachal Pradesh Gramin Bank | 2013 | Mandi, Himachal Pradesh | 265 | Punjab National Bank |
| 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 |
| 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 |
| 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, Odisha | 979 | Indian Overseas Bank |
| Puducherry | Puduvai Bharathiar Grama Bank | 2008 | Pondicherry, Puducherry | 47 | 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 |
| Tripura | Tripura Gramin Bank | 1976 | Agartala, Tripura | 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 |
| West Bengal | West Bengal Gramin Bank | 2025 | Kolkata, West Bengal | 960 | Punjab National Bank |
State Co-operative Banks (SCBs)
As of 1 August 2025, India comprises 34 state co-operative banks, featuring prominent regional institutions such as The Andhra Pradesh State Co-operative Bank Ltd., The Gujarat State Co-operative Bank Ltd., The Kerala State Co-operative Bank Ltd., and The Tamil Nadu State Apex Co-operative Bank Ltd. These banks are instrumental in delivering financial services to the agricultural and rural sectors throughout various states.
District Central Co-operative Banks
By 1 August 2025, there are 352 district central co-operative banks functioning across India, acting as intermediaries connecting state co-operative banks with primary societies.
Scheduled Urban Co-operative Banks
India hosts 24 scheduled urban co-operative banks as of the same date, primarily addressing the financial demands of urban and semi-urban populations.
Non-Scheduled Urban Co-operative Banks
On 1 August 2025, the nation has 1,407 non-scheduled urban co-operative banks, which serve smaller urban regions.
Foreign banks
As of 1 August 2025, a total of 44 foreign banks operate within India through branches, wholly owned subsidiaries (WOS), or representative offices under the regulatory framework of the Reserve Bank of India.
Foreign banks operating as wholly owned subsidiaries in India
Key foreign banks incorporated outside India and running wholly owned subsidiaries include:
- Singapore: DBS Bank
- Switzerland: UBS
- Mauritius: State Bank of Mauritius
These subsidiaries play a vital role in enhancing India's banking landscape by introducing global expertise and capital.
Foreign banks with branches in India
Several notable foreign banks incorporated abroad maintain branches in India:
Foreign banks with representative offices in India
Prominent foreign banks headquartered outside India operate representative offices within the country:
Local area banks
Local area banks are non-scheduled institutions created to encourage savings and provide credit facilities for viable economic activities in rural and semi-urban areas. Established as Public Limited Companies within the private sector, these banks are promoted by individuals, corporations, trusts, or societies. They require a minimum paid-up capital of , with promoters contributing at least . Their operations are restricted to a maximum of three contiguous districts. Governance is provided under the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, along with other applicable laws. Unlike scheduled commercial banks, they do not have access to borrowing from the Reserve Bank of India.
As of 1 August 2025, two local area banks are operational in India:
Payments banks
As on 1 August 2025, five payments banks are active in India:
| Bank name | Established | Headquarters | Branches | Revenues | |
|---|---|---|---|---|---|
| Airtel Payments Bank | 2017 | New Delhi, NCT of Delhi | Template:Sort | ||
| India Post Payments Bank | 2018 | New Delhi, NCT of Delhi | 650 | Template:Sort | |
| Jio Payments Bank | 2018 | Mumbai, Maharashtra | Template:Sort | ||
| Fino Payments Bank | 2017 | Mumbai, Maharashtra | 410 | Template:Sort | |
| NSDL Payments Bank | 2018 | Mumbai, Maharashtra | Template:INRConvert |
Small Finance Banks
As of 1 August 2025, India is home to 11 small finance banks dedicated to promoting financial inclusion and catering to underserved sectors.
| Bank Name | Year Founded | Headquarters | Number of Branches | Total Assets | Revenue | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AU Small Finance Bank | 2017 | Jaipur, Rajasthan | 630 | Template:Sort | Template:Sort | |||||||||||||||||||||||
| Capital Small Finance Bank | 2016 | Jalandhar, Punjab | 180 | |||||||||||||||||||||||||
| Equitas Small Finance Bank | 2016 | Chennai, Tamil Nadu | 987 | Template:Sort | Template:Sort | |||||||||||||||||||||||
| ESAF Small Finance Bank | 2017 | Thrissur, Kerala | 756 | Template:Sort | Template:Sort | |||||||||||||||||||||||
| Jana Small Finance Bank | 2018 | Bengaluru, Karnataka | 640 | Template:Sort | Template:Sort | |||||||||||||||||||||||
| Slice Small Finance Bank | 2017 | Guwahati, Assam | 232 | |||||||||||||||||||||||||
| Shivalik Small Finance Bank | 2021 | "Saharanpur", Uttar Pradesh
73 |
- |
"Suryoday Small Finance Bank" | "2017" | "Navi Mumbai", Maharashtra
695 |
- |
"Ujjivan Small Finance Bank" | "2017" | "Bengaluru", Karnataka
752 |
Template:Sort | Template:Sort |
- |
"Unity Small Finance Bank" | "2021" | "Mumbai", Maharashtra
334 |
- |
"Utkarsh Small Finance Bank" | "2018" | "Varanasi", Uttar Pradesh
967 |
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
External links
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