what are commercial bank

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
what are commercial bank

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

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

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