List of banks in India

This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934.^[1][2]

There are 12 public sector banks in India as of 3 September 2024.^[3]

There are 21 private banks in India as of 1 April 2024.

There are 43 regional rural banks in India as of 1 November 2020.

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There are 34 state co-operative banks in India.

There are a total of 352 district Central Co-operative in India.

There are 49 Co-operative Banks - Scheduled Urban Cooperative Banks in India as of 25th September, 2024.

There are 1420 Non-Scheduled Urban Co-operative Banks in India as of 25th September, 2024.

Foreign banks in India as on 14 July 2020 - Branch/WOS/Representative form of presence as per RBI:^[68]

List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India:

List of notable banks which are incorporated outside India and are operating branches in India:

List of notable foreign banks with representative offices in India:

Local Area Banks are non-scheduled banks. They were set up with the twin objectives of providing an institutional mechanism for promoting rural and semi-urban savings and for providing credit for viable economic activities in local areas. They were established as Public Limited Companies in the private sector. They are promoted either by individuals, corporates, trusts or societies. The minimum paid up capital of such banks is ₹50 million. The promoter's contribution should be at least ₹20 million. Local Area Banks can operate and open branches in a maximum of 3 geographically contiguous districts. They are governed by the provisions of the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949 and other relevant statutes. They are to be registered as Public Limited Companies under the Companies Act 1956. Since they are non-scheduled banks, they cannot borrow funds from the Reserve Bank of India, like other scheduled commercial banks.^[69]

List of Local Area Banks:^[70]

At present, there are 11 small sector banks in India.

• Banking in India
• Defunct banks of India
• Indian Financial System Code
• List of largest banks
• List of companies of India
• List of financial regulatory authorities by country
• Make in India
• Reserve Bank of India

• "Banks in India". Reserve Bank of India.