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]

As of 1 August 2025, India's commercial banking sector consists of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 28 regional rural banks (RRBs), 44 foreign banks (FBs), 12 small finance banks (SFBs), 6 payments banks (PBs)[3], 2 local area banks (LABs), and 4 financial institutions. Out of these 128 commercial banks, 124 are classified as scheduled banks and four are classified as non-scheduled banks.

Commercial banks

Public sector banks (PSBs)

There are 12 public sector banks in India, as of 1 April 2026.[4]

Private sector banks (PVBs)

''Private sector banks are banks where the majority of the bank's equity is owned by a private company or a group of individuals. They comply with the central bank guidelines yet have a unique financial system.''

There are 21 private sector banks in India, as of 1 August 2025.

Regional rural banks (RRBs)

There are 28 regional rural banks in India, as of 23 October 2025.

Co-operative banks

State co-operative banks (SCBs)

There are 34 state co-operative banks in India, as of 1 August 2025.[52]

The Andaman and Nicobar State Co-operative Bank Ltd.
The Andhra Pradesh State Co-operative Bank Ltd.
The Arunachal Pradesh State Co-operative Apex Bank Ltd.
The Assam Co-operative Apex Bank Ltd.
The Bihar State Co-operative Bank Ltd.
The Chandigarh State Co-operative Bank Ltd.
The Chhattisgarh Rajya Sahakari Bank Maryadit
The Delhi State Co-operative Bank Ltd.
The Goa State Co-operative Bank Ltd.
The Gujarat State Co-operative Bank Ltd.

Foreign banks

There are 44 foreign banks in India, as of 1 August 2025. Branch/WOS/Representative form of presence as per RBI is as follows:[53]

Foreign banks operating as wholly owned subsidiary in India

List of notable foreign banks which are incorporated outside India and are operating a wholly owned subsidiary in India: • 🇸🇬 Singapore

• * DBS Bank

• 🇨🇭 Switzerland

• * UBS

• 🇲🇺 Mauritius

• * State Bank of Mauritius

Foreign banks with branches in India

List of notable foreign banks which are incorporated outside India and are operating branches in India: • 🇦🇺 Australia

• * Australia & New Zealand Banking Group

Local area banks

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.[54]

There are 2 local area banks in India, as of 1 August 2025.[55]

Payments banks

There are 4 payments banks in India, as of 15 December 2025.

Small finance banks

There are 12 small finance banks in India, as of 15 December 2025.

External links

References

List of Scheduled Banks by RBI Reserve Bank of India, retrieved 5 January 2023^
List of Scheduled Commercial Banks (SCBs) m.rbi.org.in, Reserve Bank of India, retrieved 28 January 2023^
Banks in India PaisaSetu, retrieved 18 April 2026^