You must Sign In to post a response.
  • Category: Banking

    How many total number of banks are there in India?


    Ever wondered about the total number of banks in the country? searching for this number online? On this page, you can go through the answers provided by experts.

    Banking is a backbone of the economy of any country. How many total numbers of banks are there in India including private sector and public sector banks.
    Who gives the status of the bank to any financial institute? Why government keeps on giving banking licenses instead of managing the current ones?
  • #149318
    Private-Sector Banks
    Axis Bank
    Bandhan Bank
    Catholic Syrian Bank
    City Union Bank
    DCB Bank
    Dhanlaxmi Bank
    Federal Bank
    HDFC Bank
    ICICI Bank
    IndusInd Bank
    IDFC Bank
    Jammu and Kashmir Bank
    Karnataka Bank
    Karur Vysya Bank
    Kotak Mahindra Bank
    Lakshmi Vilas Bank
    Nainital Bank
    RBL Bank
    South Indian Bank
    Tamilnad Mercantile Bank Limited
    U.P Agro Corporation Bank
    YES Bank
    Chartered Mercantile M bank Ltd
    Janalakshmi Small Finance Bank
    Public-Sector Banks:

    Allahabad Bank
    Andhra Bank
    Bank of Baroda
    Bank of India
    Bank of Maharashtra
    Canara Bank
    Central Bank of India
    Corporation Bank
    Dena Bank
    Indian Bank
    Indian Overseas Bank
    Oriental Bank of Commerce
    Punjab and Sind Bank
    Punjab National Bank
    State Bank of India
    Syndicate Bank
    UCO Bank
    Union Bank of India
    United Bank of India
    Vijaya Bank
    IDBI Bank
    In addition to the above list there are many other banks in cooperative sector and other banks.
    The permission for bank services will be given by the central government with a note RBI and RBi will control all the activities of these banks.

    drrao
    always confident

  • #149332
    Hi Paresh,
    The answer to this question keeps changing as RBI provides new licenses to different banks from time to time to cater customer needs.
    To know the full list of banks, You can refer to the RBI website, Where in you will get the latest and accurate data
    https://www.rbi.org.in/commonman/english/scripts/banksinindia.aspx

  • #149365
    RBI Scheduled banks are divided into two types of banks, they are

    1. Commercial Banks and
    2. Co-operative Banks

    And these Co-operative banks are further divided into 2, they are

    1. Urban Co-operative Banks and
    2. State Co-operative Banks

    Total number of Urban Co-operative Banks in India are 52 and State Co-operative Banks are 16.

    And Commercial Banks are divided into 4, they are

    1. Foreign Banks - Total 40 banks
    2. Regional Rural Banks - Total 196 banks
    3. Public Sector Banks - Total 27 banks
    4. Private Sector Banks - Total 30 banks

    Among public sector banks, State Bank of India and associate banks are 8 and other nationalized banks are 19. And among private sector banks, 22 banks are old and 8 banks are new.

    These numbers may change when RBI give license to new banks. So refer website: www.rbi.org.in for accurate number of banks and data.

    Regards,
    Ramya

  • #149410
    List of private banks in India :
    1. IDBI Bank
    2. ICICI Bank
    3. Federal Bank
    4. Bank of Rajasthan
    5. Bank of Punjab
    6. HDFC Bank
    7. Dhanalakshmi Bank
    8. Induslnd Bank
    9. United western Bank
    10. City Union Bank
    11. Centurion Bank
    12. Jammu & Kashmir Bank
    13. Axis Bank
    14. Karnataka Bank

    List of public sector banks :
    1. Allahabad Bank
    2. State Bank of Patiala
    3. Bank of Baroda
    4. Centaral Bank of India
    5. Canara Bank
    6. Dena Bank
    7. State Bank of Indore
    8. State Bank of Mysore
    9. State Bank of India
    10. Corporation Bank
    11. Punjab National Bank
    12. Union Bank of India
    13. UCO Bank
    14. Vijaya Bank
    15. Syndicate Bank
    16. State Bank of Bikaner and Jaipur

  • #149438
    The public sector banks in India are:-
    (a) State Bank of India (other associated banks have now been merged with the State Bank of India
    (b)Allahabad Bank
    (c) Bank of Baroda
    (d) Central Bank of India
    (e) Canara Bank
    (f) Dena Bank
    (g) Corporation Bank
    (h) Punjab National Bank
    (i) Union Bank of India
    (j) UCO Bank
    (k) Vijaya Bank
    (l) Syndicate Bank

    In addition, there are another twenty-four private sector banks in India, the latest being IDFC Bank and Bandhan Bank, which have got the nod of RBI in 2015.

    RBI gives permission to financial institutions to work as banks.

    Beware! I question everything and everybody.


  • Sign In to post your comments