Top Banks in India: A Complete list of Indian banks regulated by RBI

As we know, India is the 2^nd largest country by population, and banking management is a difficult task for our Nation. The Reserve Bank of India regulates all public and private sector banks in India, for maintaining cash flow around the country.

RBI owned By the Government of India. The RBI Act, 1934, established it. Banking is playing a significant role in the development of our country.

We have 12 government banks and 22 private banks today. Usually, the Indian banking system divided into two major categories:

Public Sector Banks
Private Sector Banks
Foreign Banks in India

In this post, I will share all three types of commercial banks list.

Updated List of Public Sector Banks in India

After the merging processes on 30Aug2019, some public sector banks merge in the other big Public Sector Banks, and it’s effective from 1st April 2020. These nationalized banks owned by the government of India. The Public sector banks in India alone account for about 75 % of the entire advances in the Indian banking business.

PSU banks give their services around the country. And State Bank of India is the largest public sector bank in India. A wide range of merchandise similar to fixed deposits, savings & current accounts, Loans, Credit Cards makes this bank top-of-the-line banks in the country.

Presently, these 12 public sector banks are in action.

Banks	Establish Year	Branches	Headquarter
1. State Bank Of India	1955	24,000	Mumbai, Maharashtra
2. Punjab National Bank	1894	11,437	New Delhi, Delhi
3. Union Bank of India	1919	9,609	Mumbai, Maharashtra
4. UCO Bank	1943	4,000	Kolkata, West Bengal
5. Punjab and Sind Bank	1908	1,554	New Delhi, Delhi
6. Central Bank of India	1911	4,666	Mumbai, Maharashtra
7. Canara Bank	1906	10,342	Bengaluru, Karnataka
8. Indian Bank	1907	6,104	Chennai, Tamil Nadu
9. Indian Overseas Bank	1937	3,400	Chennai, Tamil Nadu
10. Bank of Baroda	1908	9,481	Vadodara, Gujarat
11. Bank of India	1906	5,000	Mumbai, Maharashtra
12. Bank of Maharashtra	1935	1897	Pune, Maharashtra

Also Read: 13 Easy Online Part Time Jobs At Home For Students In 2020

List of Private Sector Banks in India

Private Sector Banks usually hold most of the shares in self hands. These 22 Private Banks are working in India right now.

Banks	Establish Year	Branches	Headquarter
1. HDFC Bank	1994	4,787	Mumbai, Maharashtra
2. ICICI Bank	1994	4,882	Mumbai, Maharashtra
3. Axis Bank	1993	4,415	Mumbai, Maharashtra
4. IndusInd Bank	1994	1,004	Mumbai, Maharashtra
5. CSB Bank	1920	426	Thrissur, Kerala
6. City Union Bank	1904	600	Thanjavur, Tamil Nadu
7. DCB Bank	1930	323	Mumbai, Maharashtra
8. IDBI Bank	1964	1,892	Mumbai, Maharashtra
9. Federal Bank	1931	1,252	Aluva, Kerala
10. Bandhan Bank	2015	1,000	Kolkata, West Bengal
11. Yes Bank	2004	1,050	Mumbai, Maharashtra
12. IDFC First Bank	2015	301	Mumbai, Maharashtra
13. Dhanlaxmi Bank	1927	269	Thrissur, Kerala
14. Jammu & Kashmir Bank	1938	958	Srinagar, Jammu, and Kashmir
15. Karnataka Bank	1924	835	Mangaluru, Karnataka
16. Karur Vysya Bank	1916	668	Karur, Tamil Nadu
17. Lakshmi Vilas Bank	1926	570[12]	Karur, Tamil Nadu
18. Nainital Bank	1922	135	Nainital, Uttarakhand
19. RBL Bank	1943	342	Mumbai, Maharashtra
20. Kotak Mahindra Bank	2003	1,369	Mumbai, Maharashtra
21. Tamilnad Mercantile Bank Limited	1921	509	Thoothukudi, Tamil Nadu
22. South Indian Bank	1929	852	Thrissur, Kerala

Top 10 Foreign Banks in India

These International Banks are working globally, and their Head offices are outside of India.

City Bank
Standard Charted Bank
HSBC
Deutsche Bank
DBS Bank
Bank of America
Barclays Bank
Doha Bank
Bank of Bahrain and Kuwait
Royal Bank of Scotland

Some FAQ to your help:

Who is the No 1 bank in India?

HDFC Bank Ltd Is on the 1^st position according to Forbes 2019 report. HDFC Bank is the largest bank in India by market capitalization. It established in 1994, and it has 88,253 staff. Its Revenue: 816.02billion INR (2019, US$17 billion) / Total assets: 8,638billion INR (2019, US$170 billion).

Here are the top 10 ranked banks in India.

Rank	Name	Headquarters City	Headquarters Country	Employees
1	HDFC Bank	Mumbai	India	88,253
2	ICICI Bank	Mumbai	India	81,548
3	DBS	Singapore	Singapore	24,174
4	Kotak Mahindra Bank	Mumbai	India	35,717
5	IDFC Bank	Chennai	India	9,670
6	Syndicate Bank	Bangalore	India	——
7	Punjab National Bank	New Delhi	India	74,897
8	Allahabad Bank	Kolkata	India	23,967
9	Vijaya Bank	Bengaluru	India	16,079
10	Axis Bank	Mumbai	India	——-

How many banks are in India?

In 2020, 22 private sector banks, 12 public sector banks, 3 local area banks, 10 small finance banks, 7 payment banks, 4 financial institutions, 45 regional rural banks(RRB), and 44 foreign banks in India.

Which bank is not under RBI?

The State Bank of Sikkim is the only bank that is not regulated by RBI. The Sikkim state government owns it, and it’s headquarter is located in Gangtok, Sikkim, India.

How many nationalized banks in India?

Currently, 20 nationalized/PSU banks in India.

Conclusion:

In this post, I will share all public sector banks and private sector banks list as 2020. I hope this will help you. So if you like this post, please like and share it with others.