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List Of Banks In India

List Of Banks In India, All Bank Name List In India, List Of Private Banks In India

List Of Banks In India: A bank is a financial institution licensed to receive deposits and make loans. All banks provide financial services such as wealth management, currency exchange, and safe deposit boxes. And there are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks.


As we know banks are a very important part of the economy because they provide vital services for both consumers and businesses. The bank is our financial services provider, they give you a safe place to store your cash. And through a variety of account types such as checking and savings accounts and certificates of deposit (CDs), you can conduct routine banking transactions like deposits, withdrawals, check writing, and bill payments. So you can also save your money and earn interest on your investment. And the money stored in most bank accounts is federally insured by the Federal Deposit Insurance Corporation (FDIC), up to a limit of $250,000 for individual depositors and $500,000 for jointly held deposits.1

All the banks also provide credit opportunities for people and corporations. When the bank lends the money you deposit at the bank—short-term cash—to others for long-term debt such as car loans, credit cards, mortgages, and other debt vehicles, this process helps create liquidity in the market—which creates money and keeps the supply going.

Unlike any other business, the goal of a bank is to earn a profit for its owners. And for most banks, the owners are their shareholders. All banks do this by charging more interest on the loans and other debt they issue to borrowers than what they pay to people who use their savings vehicles. And for a simple example, a bank that pays 1% interest on savings accounts and charges 6% interest for loans earns a gross profit of 5% for its owners.

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List Of Banks In India

Allahabad Bank
Andhra Bank
Axis Bank
Bank Of Bahrain and Kuwait
Bank Of Baroda (Corporate Banking)
Bank Of Baroda (Retail Banking)
Bank Of Maharashtra
Bank Of India
Canara Bank
Central Bank Of India
City Union Bank
Corporation Bank
Deutsche Bank
Development Credit Bank
Dhanlaxmi Bank
Federal Bank
Indian Bank
Indian Overseas Bank
IndusInd Bank
ING Vysya Bank
Jammu and Kashmir Bank
Karnataka Bank Ltd
Karur Vysya Bank
Kotak Bank
Laxmi Vilas Bank
Oriental Bank of Commerce
Punjab National Bank (Corporate Banking)
Punjab National Bank (Retail Banking)
Punjab & Sind Bank
Shamrao Vitthal Co-operative bank
South Indian Bank
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
Syndicate bank
Tamilnad Merchantile Bank Ltd
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
Yes Bank Ltd
List Of Banks In India
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List Of Banks In India

Types Of Bank

Retail Banks

It deals specifically with retail consumers, though some global financial services companies contain both retail and commercial banking divisions. All these banks offer services to the general public and are also called personal or general banking institutions. And the retail banks provide services such as checking and savings accounts, loan and mortgage services, financing for automobiles, and short-term loans such as overdraft protection. So many larger retail banks may also offer their customers credit card and foreign currency exchange services. Larger retail banks also often cater to high-net-worth individuals with speciality services such as private banking and wealth management. Like examples of retail banks include TD Bank and Citibank.

Commercial or Corporate Banks

It provides speciality services to its business clients, from small business owners to large, corporate entities. So along with day-to-day business banking, these banks also provide their clients with credit services, cash management, commercial real estate services, employer services, and trade finance, among other services. Like JPMorgan Chase and Bank of America are two popular examples of commercial banks, though both have large retail banking divisions as well.

Investment Banks

Its focuses on providing corporate clients with complex services and financial transactions such as underwriting and assisting with merger and acquisition (M&A) activity. So, they are known primarily as financial intermediaries in most of these transactions. The clients commonly range from large corporations, other financial institutions, pension funds, governments, and hedge funds. Morgan Stanley and Goldman Sachs are examples of U.S. investment banks.

For all the banks listed above, central banks are not market-based and don’t deal directly with the general public. So instead, they are primarily responsible for currency stability, controlling inflation and monetary policy, and overseeing a country’s money supply. And they also regulate the capital and reserve requirements of member banks. Therefore some of the world’s major central banks include the U.S. Federal Reserve Bank, the European Central Bank, the Bank of England, the Bank of Japan, the Swiss National Bank, and the People’s Bank of China.

List Of Private Banks

Private Banks In India
Axis Bank
Bandhan Bank
CSB Bank
City Union Bank
Dhanlaxmi Bank
DCB Bank
Federal Bank
IndusInd Bank
J & K Bank
Karnataka Bank
Karur Vysya Bank
Kotak Mahindra Bank
Nainital Bank
RBL Bank
South Indian Bank
Tamilnad Merchantile Bank
Yes Bank
List Of Banks In India
List Of Banks In India
List Of Banks In India

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Variation between Private and Public Sector banks

Here are some features that would illuminate the difference between private and public sector banks:

  • The shares of public sector banks are owned by the government, whereas private shareholders hold the majority stake in private sector banks
  • As a whole, there are 27 public sector banks and 21 private banks, along with four local area banks
  • The total market share of public sector banks is 72.9%, whereas the share of private sector banks is 19.7%. Therefore, public sector banks are dominating the Indian Banking system
  • Public sector banks have a significantly larger customer base than the private banks
  • In public sector banks, there is a lot more transparency in terms of interest rate policies as compared to the private banks
  • The interest rates on the deposits done in public sector banks are higher than in private sector banks.
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List Of Public Or Government Banks In India

Public Or Government Banks In India
Punjab Bank Of India (Merged with Oriental Bank Of Commerce and United Bank Of India)
Indian Bank (Merged with Allahabad Bank)
Bank of India
Canara Bank (Merged with Syndicate bank)
State Bank of India
Union Bank of India (Merged with Andhra Bank and Corporation Bank)
Indian Overseas Bank
UCO Bank
Bank of Maharashtra
Punjab and Sind Bank
Central Bank Of India
Bank of Baroda
List Of Banks In India

Amazing Facts about Banks:

  • The Central Bank of India is the largest and the oldest commercial bank in India. It was established in 1911.
  • Canara Bank is one of the largest nationalized public sector banks established in 1906.
  • Punjab National Bank’s establishment goes way back to 1894.
  • State Bank of India generated revenue of 2110 billion rupees in the past financial year.
  • Punjab and Sind Bank has 1559 branches across India out of which 623 branches are in Punjab state.
List Of Banks In India

Details about Government Banks:

Punjab National Bank:

PNB is the first Bank to be called Swadeshi (out of the Swadeshi movement). Its operations were started on April 12, 1985. The bank was first established in Lahore with the authorised capital of 2 lacs.

Now Oriental Bank of Commerce and United Bank of India have been merged with PNB.

State Bank of India:

SBI is the largest commercial bank in India. It has the maximum asset, deposits and profits among the banks in India.

Canara Bank:

It was called the ‘Canara Bank Hindu Permanent Fund’. It was nationalised in 1969 making it Canara Bank and was merged with Syndicate Bank last year.

Central Bank of India

It was established in 1911. This was the financial organization of India or the primary Indian bank that was closely held and managed by Indians. It was founded by Sir Sorabji Pochkhanawala.

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