Public And Private Sector Banks In India

The most traditional kind of financial intermediary in India is a bank. They play a key role in allocating family funds to both organized and unorganized sectors of the economy. The Indian Banking System is made up of Indian Commercial Banks, Industrial Banks, Exchange Banks, Agricultural Banks, Cooperative Banks, and Indigenous Bankers. The system’s controlling bank is the Reserve Bank of India.

Types of Banks

Indian banks are categorized into four major types:

1. Commercial Banks: These are further classified into

• Public Sector Banks – The government owns most of the stock. Punjab National Bank, State Bank of India, Central Bank of India, and other institutions are examples of public sector banks.
• Private Sector Banks –  Private individuals own the majority of the stake. Private banks include institutions like HDFC Bank, ICICI Bank, AXIS Bank, etc.
• Regional rural banks,
• Foreign banks – Foreign banks are those with their corporate headquarters located outside of India. Standard Chartered, American Express, Citibank, and other institutions are examples of foreign sector banks.

1. Small Finance Banks
2. Payments Banks
3. Cooperative Banks

List of All Public and Private Sector Banks in India 2022

List of Public Sector Banks

List of Private Sector Banks