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

Bank Name Establishment Headquarter
Bank of Baroda 1908 Vadodara, Gujrat
Bank of India 1906 Mumbai, Maharashtra
Bank of Maharashtra 1935 Pune, Maharashtra
Canara Bank 1906 Bengaluru, Karnataka
Central Bank of India 1911 Mumbai, Maharashtra
Indian Overseas Bank 1937 Chennai, Tamil Nadu
Punjab and Sind Bank 1908 New Delhi, Delhi
State Bank of India 1955 Mumbai, Maharashtra
UCO Bank 1943 Kolkata, West Bengal
Union Bank of India 1919 Mumbai, Maharashtra
Punjab National Bank 1894 New Delhi, Delhi
Indian Bank 1907 Chennai, Tamil Nadu

List of Private Sector Banks

Bank Name Establishment Headquarter
Axis Bank 1993 Mumbai, Maharashtra
Bandhan Bank 2015 Kolkata, West Bengal
CSB Bank 1920 Thrissur, Kerala
City Union Bank 1904 Thanjavur, Tamil Nadu
DCB Bank 1930 Mumbai, Maharashtra
Dhanlaxmi Bank 1927 Thrissur, Kerala
Federal Bank 1931 Aluva, Kerala
HDFC Bank 1994 Mumbai, Maharashtra
ICICI Bank 1994 Mumbai, Maharashtra
Induslnd Bank 1964 Mumbai, Maharashtra
IDFC First Bank 2015 Mumbai, Maharashtra
Jammu and Kashmir Bank 1938 Srinagar, Jammu and Kashmir
Karnataka Bank 1924 Mangaluru, Karnataka
Karur Vysya Bank 1916 Karur, Tamil Nadu
Kotak Mahindra Bank 2003 Mumbai, Maharashtra
IDBI Bank 1964 Mumbai, Maharashtra
Nainital Bank 1922 Nainital, Uttrakhand
RBL Bank 1943 Mumbai, Maharashtra
South Indian Bank 1929 Thrissur, Kerala
Tamilnad Mercantile Bank 1921 Toothukudi, Tamil Nadu
YES Bank 2004 Mumbai, Maharashtra

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