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
A. List of Public Sector Banks
As per RBI, there are 12 Public Sector banks as listed below:
Note: All the data provided below is as on 30th September,2023.
Name |
Establishment |
Headquarter |
Government |
Branches |
Total Assets in USD (Billion) |
Revenue |
---|---|---|---|---|---|---|
Bank of Baroda |
1908 |
Vadodara, Gujarat |
63.97% |
9,693 |
$191.69 |
$8.16 |
Bank of India |
1906 |
Mumbai, Maharashtra |
81.41% |
5,152 |
$104.01 |
$3.39 |
Bank of Maharashtra |
1935 |
Pune, Maharashtra |
90.97% |
2,022 |
$32.92 |
$1.41 |
Canara Bank |
1906 |
Bengaluru, Karnataka |
62.93% |
9,677 |
$176.39 |
$7.64 |
Central Bank of India |
1911 |
Mumbai, Maharashtra |
93.08% |
4,608 |
$51 |
$3.2 |
Indian Bank |
1907 |
Chennai, Tamil Nadu |
79.86% |
5,787 |
$89.32 |
$3.71 |
Indian Overseas Bank |
1937 |
Chennai, Tamil Nadu |
96.38% |
3,217 |
$40.50 |
$1.26 |
Punjab & Sind Bank |
1908 |
New Delhi, NCT of Delhi |
97.07% |
1,526 |
$17.11 |
$0.48 |
Punjab National Bank |
1894 |
New Delhi, NCT of Delhi |
73.15% |
10,769 |
$184.46 |
$6.31 |
State Bank of India |
1955 |
Mumbai, Maharashtra |
57.62% |
22,219 |
$760.77 |
$37.15 |
UCO Bank |
1943 |
Kolkata, West Bengal |
95.39% |
3,087 |
$32 |
$2.3 |
Union Bank of India |
1919 |
Mumbai, Maharashtra |
83.49% |
9,315 |
$159.33 |
$6.42 |
B. List of Private Sector Banks
There are 21 Private Sector Banks in India:
Note: All the data provided below is as on 30th September,2023.
Bank |
Establishment |
Headquarter |
Branches |
Total Assets |
Revenue |
---|---|---|---|---|---|
Axis Bank Ltd. |
1993 |
Mumbai, Maharashtra |
4,594 |
$165.40 |
$8.58 |
Bandhan Bank Ltd. |
2015 |
Kolkata, West Bengal |
1,627 |
$18.35 |
$1.46 |
CSB Bank Limited |
1920 |
Thrissur, Kerala |
512 |
$3.78 |
$0.22 |
City Union Bank Ltd. |
1904 |
Kumbakonam, Tamil Nadu |
702 |
$8.10 |
$0.35 |
DCB Bank Ltd. |
1930 |
Mumbai, Maharashtra |
352 |
$5.0 |
$0.49 |
Dhanlaxmi Bank Ltd. |
1927 |
Thrissur, Kerala |
245 |
$1.6 |
$0.13 |
Federal Bank Ltd. |
1931 |
Kochi, Kerala |
1,272 |
$35.65 |
$1.37 |
HDFC Bank Ltd |
1994 |
Mumbai, Maharashtra |
7,860 |
$313.23 |
$14.89 |
ICICI Bank Ltd. |
1994 |
Mumbai, Maharashtra |
5,266 |
$255.89 |
$18.11 |
IDBI Bank |
1964 |
Mumbai, Maharashtra |
1,937 |
$40.37 |
$2.12 |
IDFC First Bank |
2015 |
Mumbai, Maharashtra |
707 |
$31.88 |
$2.28 |
IndusInd Bank Ltd |
1994 |
Mumbai, Maharashtra |
2,015 |
$57.55 |
$3.37 |
Jammu & Kashmir Bank |
1938 |
Srinagar, Jammu and Kashmir |
957 |
$18 |
$0.9 |
Karnataka Bank |
1924 |
Mangaluru, Karnataka |
913 |
$11 |
$0.78 |
Karur Vysya Bank |
1916 |
Karur, Tamil Nadu |
811 |
$11.85 |
$0.60 |
Kotak Mahindra Bank |
2003 |
Mumbai, Maharashtra |
1,604 |
$81.65 |
$7.56 |
Nainital Bank |
1922 |
Nainital, Uttarakhand |
160 |
₹8,438 crore (US$1.1 billion) |
₹727 crore (US$91 million) |
RBL Bank |
1943 |
Mumbai, Maharashtra |
435 |
$14.94 |
$0.98 |
South Indian Bank Ltd. |
1929 |
Thrissur, Kerala |
935 |
$13.46 |
$0.50 |
Tamilnad Mercantile Bank Ltd. |
1921 |
Thoothukkudi, Tamil Nadu |
509 |
₹42,758 crore (US$5.4 billion) |
₹3,992 crore (US$500 million) |
YES Bank Ltd. |
2004 |
Mumbai, Maharashtra |
1,070 |
$44.05 |
$1.54 |
C. List of Regional Rural Banks (RRBs)
Note: Data as on March 31, 2023.
Name |
State |
Establishment |
Headquarter |
Sponsor Bank |
Branches |
Total Assets |
Revenue |
---|---|---|---|---|---|---|---|
Assam Gramin Vikash Bank |
Assam |
2006 |
Guwahati, Assam |
Punjab National Bank |
474 |
₹ 1,37,55,16,36,394 |
₹ (1,37,95,82,096) |
Arunachal Pradesh Rural Bank |
Arunachal Pradesh |
1983 |
Itanagar, Arunachal Pradesh |
State Bank of India |
30 |
₹ 14,32,42,20,433.50 |
₹ 20,55,42,31,5.14 |
Andhra Pragathi Grameena Bank |
Andhra Pradesh |
2006 |
Kadapa, Andhra Pradesh |
Canara Bank |
552 |
₹ 21,863.60 Crore |
₹ 595.15 Crore |
Chaitanya Godavari Gramin Bank |
Andhra Pradesh |
2006 |
Guntur, Andhra Pradesh |
Union Bank of India |
219 |
₹ 13,562.42 Crore |
₹ 232.34 Crore |
Saptagiri Gramin Bank |
Andhra Pradesh |
2006 |
Chittoor, Andhra Pradesh |
Indian Bank |
220 |
₹ 17,522.62 Crore |
₹ 351.40 Crore |
Dakshin Bihar Gramin Bank |
Bihar |
2019 |
Patna, Bihar |
Punjab National Bank |
1078 |
₹ 26,737.49 Crore |
₹ 918.37 Crore |
Uttar Bihar Gramin Bank |
Bihar |
2008 |
Muzaffarpur, Bihar |
Central Bank of India |
1032 |
₹2,14,22,51,227.89 |
₹32,36,58,288.02 |
Chhattisgarh Rajya Gramin Bank |
Chhattisgarh |
2013 |
Raipur, Chhattisgarh |
State Bank of India |
625 |
₹1,72,83,49,52,322 |
₹1,67,24,24,291 |
Baroda Gujarat Gramin Bank |
Gujarat |
2019 |
Vadodara, Gujarat |
Bank of Baroda |
489 |
₹ 12,728.93 |
₹ 40.76 Crore |
Saurashtra Gramin Bank |
Gujarat |
1978 |
Rajkot, Gujarat |
State Bank of India |
259 |
₹ 10,545.03 Crore |
₹ 576.16 Crore |
Sarva Haryana Gramin Bank |
Haryana |
2013 |
Rohtak, Haryana |
Punjab National Bank |
542 |
₹ 1,355.729 Crore |
₹ 275.53 Crore |
Himachal Pradesh Gramin Bank |
Himachal Pradesh |
2013 |
Mandi, Himachal Pradesh |
Punjab National Bank |
265 |
₹ 8,892.88 Crore |
₹2.165 Crore |
Ellaquai Dehati Bank |
Jammu And Kashmir |
1979 |
Srinagar, Jammu and Kashmir |
State Bank of India |
116 |
₹ 18,24,34,52,063.64 |
₹ (41,51,36,572.46) |
Grameen Bank |
Jammu and Kashmir |
2009 |
Jammu, Jammu and Kashmir |
Jammu & Kashmir Bank |
217 |
₹ 6,117.91 Crore |
₹ 51.627 Crore |
Jharkhand Rajya Gramin Bank |
Jharkhand |
2019 |
Ranchi, Jharkhand |
State Bank Of India |
443 |
₹ 12,766.21 Crore |
₹ 94.266 Crore |
Karnataka Gramin Bank |
Karnataka |
2019 |
Ballari, Karnataka |
Canara Bank |
1142 |
₹42,956.98 Crore |
₹ 7.559 Crore |
Vikas Grameena Bank |
Karnataka |
2005 |
Dharwad, Karnataka |
Canara Bank |
633 |
₹ 23,292.30 Crore |
₹ 40.2522 Crore |
Kerala Gramin Bank |
Kerala |
2013 |
Malappuram, Kerala |
Canara Bank |
634 |
₹ 29,504.17 Crore |
₹ 324.60 Crore |
Madhya Pradesh Gramin Bank |
Madhya Pradesh |
2019 |
Indore, Madhya Pradesh |
Bank of India |
866 |
₹ 24,187.63 Crore |
₹ 161.58 Crore |
Madhyanchal Gramin Bank |
Madhya Pradesh |
2012 |
Sagar, Madhya Pradesh |
State Bank of India |
454 |
₹ 12,969.96 Crore |
₹ 74.9475 Crore |
Maharashtra Gramin Bank |
Maharashtra |
2008 |
Aurangabad, Maharashtra |
Bank of Maharashtra |
391 |
₹ 7,900.75 Crore |
₹ 26.5 Crore |
Vidarbha Konkan Gramin Bank |
Maharashtra |
2013 |
Nagpur, Maharashtra |
Bank of India |
318 |
₹ 7,733.86 Crore |
₹ 4,974 Crore |
Manipur Rural Bank |
Manipur |
1981 |
Imphal, Manipur |
Punjab National Bank |
28 |
₹ 5,967.367 Crore |
₹ 0.2315 Crore |
Meghalaya Rural Bank |
Meghalaya |
1981 |
Shillong, Meghalaya |
State Bank of India |
87 |
NA |
NA |
Mizoram Rural Bank |
Mizoram |
1983 |
Aizawl, Mizoram |
State Bank of India |
85 |
₹ 59,97,29,69,886.80 |
₹ 65,19,09,725.76 |
Nagaland Rural Bank |
Nagaland |
1983 |
Kohima, Nagaland |
State Bank of India |
10 |
₹ 1,48,63,37,142.63 |
₹ 43,47,384.69 |
Odisha Gramya Bank |
Odisha |
2013 |
Bhubaneswar, Odisha |
Indian Overseas Bank |
549 |
₹ 18,461.89 Crore |
₹ 20.5772 Crore |
Utkal Grameen Bank 2012 |
Odisha |
2012 |
Bolangir, Odisha |
State Bank of India |
442 |
₹ 10,708.02 Crore |
₹ 64.311 Crore |
Puduvai Bharathiar Grama Bank |
Puducherry |
2008 |
Pondicherry, Puducherry |
Indian Bank |
43 |
₹1,515.2360 Crore |
₹ 14.3324 Crore |
Punjab Gramin Bank |
Punjab |
2019 |
Kapurthala, Punjab |
Punjab National Bank |
419 |
₹ 17,542.313 Crore |
₹ 152.7123 Crore |
Rajasthan Marudhara Gramin Bank |
Rajasthan |
2014 |
Jodhpur, Rajasthan |
State Bank of India |
715 |
NA |
NA |
Rajasthan Kshetriya Gramin Bank |
Baroda |
2013 |
Ajmer, Rajasthan |
Bank of Baroda |
833 |
₹32,840.97 Crore |
₹ 560.4488 Crore |
Tamil Nadu Grama Bank |
Tamil Nadu |
2019 |
Salem, Tamil Nadu |
Indian Bank |
630 |
₹ 29,786.02 Crore |
₹ 418.2774 Crore |
Telangana Grameena Bank |
Telangana |
2014 |
Hyderabad, Telangana |
State Bank of India |
421 |
₹ 12,893 Crore |
₹ 449.37 Crore |
Tripura Gramin Bank |
Tripura |
1976 |
Agartala, Tripura |
Punjab National Bank |
142 |
NA |
₹ 143.14 Crore (as on march’22) |
Aryavart Bank |
Uttar Pradesh |
2019 |
Lucknow, Uttar Pradesh |
Bank of India |
1365 |
₹ 39,01,43,987.96 |
₹ 76,55,34,235.56 |
Baroda UP Bank |
Uttar Pradesh |
2020 |
Ayodhya, Uttar Pradesh |
Bank of Baroda |
2050 |
₹64,909.40 Crore |
₹ 117.3344 Crore |
Prathama UP Gramin Bank |
Uttar Pradesh |
2019 |
Moradabad, Uttar Pradesh |
Punjab National Bank |
938 |
₹30,395.48 Crore |
₹ 397.7490 Crore |
Uttarakhand Gramin Bank |
Uttarakhand |
2012 |
Dehradun, Uttarakhand |
State Bank of India |
286 |
NA |
₹ 43.78 Crore |
Bangiya Gramin Vikash Bank |
West Bengal |
2007 |
Berhampore, West Bengal |
Punjab National Bank |
587 |
₹ 21,392.56 Crore |
₹ 13.6161 Crore |
Paschim Banga Gramin Bank |
West Bengal |
2007 |
Howrah, West Bengal |
UCO Bank |
230 |
₹ 6,993.29 Crore |
₹ (55.0083) crore |
Uttarbanga Kshetriya Gramin Bank |
West Bengal |
1977 |
Coochbehar, West Bengal |
Central Bank of India |
142 |
NA |
NA |
D. List of Small Finance Banks (SFBs)
The 12 small sector banks in India has been listed below:
Note: Data as on 31st March 2023.
Bank |
Establishment |
Headquaters |
Branches |
Total Assets |
Revenue |
---|---|---|---|---|---|
AU Small Finance Bank |
2017 |
Jaipur, Rajasthan |
474 |
₹ 90,216 Crore |
₹ 1,427.93 Crore |
Capital Small Finance Bank |
2016 |
Jalandhar, Punjab |
47 |
₹ 799.07 Crore |
₹ 260.6 Crore |
Equitas Small Finance Bank |
2016 |
Chennai, Tamil Nadu |
412 |
₹ 3,458.13 Crore |
₹ 3,641 Crore |
ESAF Small Finance Bank |
2017 |
Thrissur, Kerala |
575 |
₹ 20,223.66 Crore |
₹ 140.12 Crore |
Fincare Small Finance Bank |
2017 |
Bangalore, Karnataka |
919 |
₹ 124.67 Crore |
₹ 103.64 Crore |
Jana Small Finance Bank |
2018 |
Bangalore, Karnataka |
611 |
₹ 25,643.68 Crore |
₹ 255.97 Crore |
North East Small Finance Bank |
2017 |
Guwahati, Assam |
232 |
₹ 2,710.43 Crore |
₹ 213 Crore |
Shivalik Small Finance Bank |
2021 |
Saharanpur, Uttar Pradesh |
46 |
₹ 2,249.84 Crore |
₹ 1.52 Crore |
Suryoday Small Finance Bank |
2017 |
Navi Mumbai, Maharashtra |
477 |
₹ 1,961 Crore |
₹ 77.69 Crore |
Ujjivan Small Finance Bank |
2017 |
Bangalore, Karnataka |
629 |
₹ 33,316.87 Crore |
₹ 10,099.92 Crore |
Unity Small Finance Bank |
2021 |
Mumbai, Maharashtra |
137 |
₹ 15.4 crore |
₹ 137.73 crore |
Utkarsh Small Finance Bank |
2018 |
Varanasi, Uttar Pradesh |
830 |
₹ 19,117.54 Crore |
₹ 404.5 Crore |
E. List of Payments Banks (PBs)
There are 6 Payments Banks in India:
Note: Data as on 31st March 2023.
Bank |
Establishment |
Headquaters |
Branches |
Total Assets |
Revenue |
---|---|---|---|---|---|
Airtel Payments Bank |
2017 |
New Delhi, Delhi |
NA |
₹2,348 crores |
₹427 crore |
Paytm Payments Bank |
2017 |
Noida, Uttar Pradesh |
NA |
₹ 15,636.40 crore |
₹ 2,518.6 crore |
Jio Payments Bank |
2018 |
Mumbai, Maharashtra |
NA |
₹18,990 crore |
₹5,058 crore |
NSDL Payments Bank |
2018 |
Mumbai, Maharashtra |
NA |
₹ 1,63,532.34 Crore |
₹ 1,099.41 Crore (31st March’23) |
Fino Payments Bank |
2017 |
Mumbai, Maharashtra |
410 |
₹ 2,466.40 Crore |
₹ 339.15 Crore |
India Post Payments Bank |
2018 |
New Delhi, Delhi |
650 |
NA |
NA |
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.
FAQs
1. What is the difference between public and private sector banks in India?
Answer:
In public sector banks, the government holds majority of stakes while in private sector banks, the shareholders of the bank hold majority of stakes.
2. How many private sector banks are there in India?
Answer:
There are 21 private sector banks in India. These are YES Bank, Karnataka Bank, Jammu & Kashmir Bank, IDFC FIRST Bank, IndusInd Bank, ICICI Bank, HDFC Bank, Federal Bank, Dhanlaxmi Bank, Tamilnad Mercantile Bank, South Indian Bank, RBL Bank, Nainital Bank, IDBI Bank, Kotak Mahindra Bank, Karur Vysya Bank, DCB Bank, City Union Bank, CSB Bank, Bandhan Bank, and Axis Bank.
3. How many public sector banks are there in India?
Answer:
There are 12 public sector banks in India. These are State Bank of India, Union Bank of India, Punjab National Bank, Bank of India, Punjab and Sind Bank, Indian Overseas Bank, Indian Bank, Central Bank of India, UCO Bank, Canara Bank, Bank of Maharashtra,and Bank of Baroda.
4. How many payments banks are there in India?
Answer:
There are 6 payment banks in India. These are Airtel Payments Bank, Paytm Payments Bank, Jio Payments Bank, NSDL Payments Bank, Fino Payments Bank & India Post Payments Bank.
5. Which is the largest bank in India?
Answer:
The State Bank of India (SBI) is the largest bank in India in terms of assets, revenue, branches, and customer base. SBI is the largest public sector bank in the country.
6. Which is the largest private sector bank in India?
Answer:
HDFC Bank is the largest private sector bank in India.
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