F. List of Local Area Bank (LABs)
Local Area Banks are small private banks that provides the financial service in rural and semi-urban areas, generally limited to three main contiguous districts.
In India there are Two Local Area Banks, namely:
Note: Data as on 31st March 2023.
|
Bank |
Establishment |
Authorised Share Capital |
Branches |
Functional Area |
Total Assets |
Revenue |
|---|---|---|---|---|---|---|
|
Coastal Local Area Bank Ltd |
1999 |
₹ 450,000,000 |
50 |
Krishna, Guntur and West Godavari |
NA |
NA |
|
Krishna Bhima Samruddhi LAB Ltd |
1999 |
₹ 25,00,00,000 |
29 |
Telangana, Andhra Pradesh and Karnataka |
₹ 5,58,39,32,528 |
₹ 48,05,87,912 |
References:
1. https://en.wikipedia.org/wiki/List_of_banks_in_India
2. https://companiesmarketcap.com/
3. Financial Statements of all the banks.
List of Banks in India
In India, the banking sector is governed under the Reserve Bank Of India Act, 1934, and functions under the guidelines of the Reserve Bank Of India (RBI). The entire banking sector is divided into various segments according to their undertakings and functions including Public Sector Banks, Private Sector Banks, Local Area Banks (LABs), Small Finance Banks (SFBs), Regional Rural Banks (RRBs), and Payments Banks (PBs).
Table of Content
- List of Public Sector Banks
- List of Private Sector Banks
- List of Regional Rural Banks (RRBs)
- List of Small Finance Banks (SFBs)
- List of Payments Banks (PBs)
- List of Local Area Bank (LABs)
- FAQs
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