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).

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 Shareholding	Branches	Total Assets in USD (Billion)	Revenue in USD (Billion)
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 in USD (Billion)	Revenue in USD (Billion)
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 Crore	₹ 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 (September’23)
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.