How Many Types of Commercial Banks are in India?

There are many types of banks in any country, but the financial institutions which accept deposits of public money for the purpose of earning profit and provide loans to the public when needed, as well as various types of banking. Financial institutions that provide services are called commercial banks. Let us try to know through this article how many commercial banks are there in our country India and which ones they are . In our country India, following types of commercial banks are working on proprietary basis:-

Public Sector Commercial Banks

Banks in which the government holds more than half are called public sector commercial banks or government sector commercial banks. Following is the list of names of public sector banks in India.

1. Bank of Baroda
2. Bank of India
3. Bank of Maharashtra
4. Canara Bank
5. Central Bank of India
6. Indian Bank
7. Indian Overseas Bank
8. Punjab and Sindh Bank
9. Punjab National Bank
10. State Bank of India
11. UCO Bank
12. Union Bank of India

Private Sector Commercial Banks

This type of bank is owned by private people and is controlled and operated by private people only. The list of names of private sector commercial banks in India is as follows.

1. Axis Bank Limited
2. Bandhan Bank Limited
3. CSB Bank Limited
4. City Union Bank Limited
5. DCB Bank Limited
6. Dhanlaxmi Bank Limited
7. Federal Bank Limited
8. HDFC Bank Limited
9. ICICI Bank Limited
10. IndusInd Bank Limited
11. IDFC First Bank Limited
12. Jammu and Kashmir Bank Limited
13. Karnataka Bank Limited
14. Karur Vysya Bank Limited
15. Kotak Mahindra Bank Limited
16. Nainital Bank Limited
17. RBL Bank Limited
18. South Indian Bank Limited
19. Tamil Nadu Mercantile Bank Limited
20. Yes Bank Limited
21. IDBI Bank Limited

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Regional Rural Banks

These banks are established especially in rural areas, so that the government wants to connect the people living in rural areas with banking facilities, so that along with the economic development of the country, social development can take place. Central government, state government, and sponsoring public sector banks have stake in this type of banks. Following are the types of Regional Rural Banks in India.

1. Assam Rural Development Bank
2. Andhra Pradesh Rural Development Bank

3.Andhra Pragathi Grameena Bank

4. Arunachal Pradesh Gramin Bank
5. Aryavarta Bank
6. Bangiya Rural Development Bank
7. Baroda Gujarat Grameen Bank
8. Baroda Rajasthan Regional Rural Bank
9. Baroda UP Bank
10. Chaitanya Godavari GB
11. Chhattisgarh State Gramin Bank
12. South Bihar Gramin Bank
13. Ilakai Dehati Bank
14. Himachal Pradesh Gramin Bank
15. Jammu and Kashmir Gramin Bank
16. Jharkhand State Gramin Bank
17. Karnataka Grameen Bank
18. Karnataka Vikas Gramin Bank
19. Kerala Gramin Bank
20. Madhya Pradesh Gramin Bank
21. Madhyanchal Gramin Bank
22. Maharashtra Gramin Bank
23. Manipur Gramin Bank
24. Meghalaya Gramin Bank
25. Mizoram Gramin Bank
26. Nagaland Gramin Bank
27. Odisha Gramya Bank
28. Paschim Banga Gramin Bank
29. Pratham U.P. gramin bank
30. Puduvai Bharathiar Grama Bank
31. Punjab Gramin Bank
32. Rajasthan Marudhara Gramin Bank
33. Saptagiri Gramin Bank
34. Sarva Haryana Gramin Bank
35. Saurashtra Gramin Bank
36. Tamil Nadu Grama Bank
37. Telangana Rural Bank
38. Tripura Gramin Bank
39. North Bihar Gramin Bank
40. Utkal Gramin Bank
41. Uttarbanga Regional Rural Bank
42. Vidarbha Konkan Grameen Bank
43. Uttarakhand Gramin Bank

Foreign Sector Commercial Banks (List Of Foreign Sector Banks In India)

Banks which have branches in India and have their headquarters in another country are called foreign sector commercial banks. At present, the list of names of foreign sector commercial banks in our country India is as follows.

1. Australia and New Zealand Banking Group Limited.
2. National Australia Bank
3. Bank of Bahrain and Kuwait BSC
4. AB Bank Limited
5. Sonali Bank Limited %
6. Bank of Nova Scotia
7. Industrial and Commercial Bank of China Limited
8. BNP Paribas
9. Credit Agricole Corporate and Investment Bank #
10. Societe Generale
11. Deutsche Bank
12. HSBC Limited
13. PT Bank Maybank Indonesia Tbk
14. Mizuho Bank Limited
15. Sumitomo Mitsui Banking Corporation
16. MUFG Bank, Limited
17. Cooperative Rabobank Yu.A.
18. Doha Bank
19. Qatar National Bank SAQ
20. JSC VTB Bank
21. Sberbank
22. United Overseas Bank Limited
23. FirstRand Bank Limited
24. Shinhan Bank
25. Woori Bank
26. KEB Hana Bank
27. Industrial Bank of Korea
28. Bank of Ceylon
29. Credit Suisse AG
30. CTBC Bank Corporation Limited
31. Krung Thai Bank Public Company Limited
32. Abu Dhabi Commercial Bank Limited
33. Mashreq Bank PSC
34. First Abu Dhabi Bank PJSC
35. Emirates NBD Bank PJSC
36. Barclays Bank PLC.
37. Standard Chartered Bank
38. NatWest Markets PLC
39. American Express Banking Corporation
40. Bank of America
41. Citibank N.A.
42. J.P. Morgan Chase Bank N.A.
43. Bank of China

Digital Payment Banks (List Of Digital Payment Banks In India)

Since the arrival of Internet in the country a few years ago, some private companies are providing online banking services in the form of payment banks, the list of which is as follows.

1. Airtel Payments Bank Limited
2. India Post Payments Bank Limited
3. Fino Payments Bank Limited
4. Paytm Payments Bank Limited
5. Jio Payments Bank Limited
6. NSDL Payments Bank Limited