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Types of Scheduled Banks in India

Types of Scheduled Banks in India

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India has a lot of banks, so the list of scheduled banks is long. All cooperative, multinational, regional, and scheduled rural banks are included. The following are additional subcategories of scheduled banks:

1. Scheduled Commercial Public Sector Banks

2. Scheduled Commercial Private Sector Banks

3. Old Private Banks

4. New Banks in the Private Sector

5. Scheduled Foreign Banks in India

Number of Scheduled Commercial Banks in India

1. Scheduled Public Sector Banks within India - The banks in question are those in which the Indian government owns more than half of the stock. Consequently, the government has the largest stake in PSBs. There will be 12 public sector banks in 2022, but there were once 27 that had merged.

2. Scheduled Private Sector Banks within India - Private companies hold the largest stakes in these banks. In total, there are 21 private-sector banks. Customers of all private sector banks can take advantage of a wide range of banking and financial services. There are two types of private-sector banks:

a. Private Sector Banks from the Past (banks that were established prior to 1968)

b. New Private Sector Banks (banks that were established after 1968)

3. Scheduled Foreign Banks within India - There exist 45 foreign banks in India. Foreign banks are international financial institutions that must abide by the laws of their home and host nations. Based on the capital of their partner banks, they have a number of loan limits. Following is the list for the scheduled commercial banks within the private and public sectors:

Scheduled Commercial Public Sector Banks within India

1. State Bank of India

2. Bank of Baroda (Including Vijaya Bank and Dena Bank)

3. Bank of India

4. Bank of Maharashtra

5. Canara Bank (including Syndicate Bank)

6. The Central Bank of India

7. Indian Bank (Including Allahabad Bank)

8. Indian Overseas Bank

9. Punjab National Bank (including Oriental Bank of Commerce and United Bank of India)

10. Punjab & Sind Bank

11. Union Bank of India (including Andhra Bank and Corporation Bank)

12. UCO Bank

Scheduled Private Sector Banks within India

1. Axis Bank Ltd.

2. Catholic Syrian Bank Ltd.

3. City Union Bank Ltd.

4. Development Credit Bank Ltd.

5. Dhanlaxmi Bank Ltd.

6. Federal Bank Ltd.

7. HDFC Bank Ltd.

8. ICICI Bank Ltd.

9. IndusInd Bank Ltd.

10. Kotak Mahindra Bank Ltd.

Scheduled Foreign Banks within India

1. AB Bank

2. Abu Dhabi Commercial Bank

3. American Express

4. Australia and New Zealand Banking Group

5. Barclays Bank Plc

6. Bank of America

7. Bank of Bahrain and Kuwait

8. Bank of Ceylon

9. Bank of China

10.Bank of Nova Scotia

11.BNP Paribas

12.Citibank India

13.Crédit Agricole

14.Corporate and Investment Bank

15.Credit Suisse

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