List of Scheduled Commercial Banks of India 2022

By BYJU'S Exam Prep

Updated on: September 25th, 2023

List of Scheduled Commercial Banks of India 2021: Scheduled banks are banks that are listed in the 2nd schedule of the Reserve Bank of India (RBI) Act, 1934. In this article, we are going to discuss the definitions of the bank, commercial banks, scheduled banks, scheduled commercial banks of India. 

What is Bank?

  • Bank can be defined as a financial institution that receives deposits and grant loans.
  • The most common types of banks are:
    • Retail Banks
    • Corporate Banks
    • Investment Banks
  • Banks also deal with other financial services such as wealth management, currency exchange, and providing lockers, etc.

What are Commercial Banks?

  • Commercial bank is a financial institution that performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit.
  • Commercial bank offers other financial services like ATM, Demand Draft, Certificate of Deposits, etc as well.
  • In India, commercial Banks are those scheduled and non-scheduled commercial banks that are regulated under Banking Regulation Act, 1949.

Scheduled Banks

  • All those banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are known as Scheduled Banks.
  • There are two categories of the Scheduled Banks, i.e.,
    1. Scheduled Commercial Banks
    2. Scheduled Co-operative Banks.

1. Scheduled Commercial Banks:

  • Scheduled Commercial Banks in India can be classified into five categories according to their ownership and/or nature of the operation.
    • State Bank of India and its Associates,
    • Nationalized Banks,
    • Private Sector Banks,
    • Foreign Banks, and
    • Regional Rural Banks.
  • SBI and Associates and Nationalised Banks are commonly called Public Sector Banks.
  • bank’s paid-up capital and raised funds must be at least Rs5 lakh to qualify as a scheduled bank.

2. Scheduled Co-operative banks

  • They are further divided into 2 types:
    • Scheduled State Co-operative banks
    • Scheduled Urban Co-operative banks

Public Sector Banks:

  • Public Sector Banks are those in which the Government of India holds the major portion of the shares. In other words, the GOI is the major shake holder in Public Sector Banks.

List of Public Sector Banks in India:

The table given below lists the PSBs of India:

Sr. No. Public Sector Banks
1 State Bank of India
2 Bank of Baroda
(Including Vijaya Bank and Dena
3 Bank of India
4 Bank of Maharashtra
5 Canara Bank(Including Syndicate Bank)
6 Central Bank of India
7 Indian Bank
(Including Allahabad Bank)
8 Indian Overseas Bank
9 Punjab National Bank(including Oriental Bank of
Commerce and United Bank of India)
10 Punjab & Sind Bank
11 Union Bank of India(including Andhra Bank and
Corporation Bank)
12 UCO Bank
Source: RBI

Read about the HQ, Tagline, MD/CEO, Recent News, etc about PSBs.

Private Sector Banks:

  • As the name suggests the private sector banks are those in which the private entities hold the majority of stakes.
  • In these banks, most of the capital is in private hands.

List of Private Sector Banks in India:

The table given below lists the Scheduled Private Sector Indian Banks:

Sr. No. Private Sector Banks
1 Axis Bank Ltd.
2 Catholic Syrian Bank Ltd.
3 City Union Bank Ltd.
4 Development Credit Bank Ltd.
5 Dhanlaxmi Bank Ltd.
6 Federal Bank Ltd.
7 HDFC Bank Ltd.
8 ICICI Bank Ltd.
9 IndusInd Bank Ltd.
10 Jammu & Kashmir Bank Ltd.
11 Karnataka Bank Ltd.
12 Karur Vysya Bank Ltd.
13 Kotak Mahindra Bank Ltd.
14 Lakshmi Vilas Bank Ltd.
15 Nainital Bank Ltd.
16 Ratnakar Bank Ltd.
17 South Indian Bank Ltd.
18 Tamilnad Mercantile Bank Ltd.
19 Yes Bank Ltd.
20 Bandhan Bank
21 IDFC Bank Ltd.
22 IDBI Bank Ltd
Source: RBI

Foreign Banks in India:

  • A Foreign Bank is a type of International Banking body that is obligated to follow the regulations of both the home country where located and the host country.
  • In India, Foreign Banks are present in two forms:
    • Representative Offices
    • Branches

List of Foreign Banks operating in India:

There are a total of 44 Foreign Banks operating in India. The following list shows the Foreign Banks in India.

Sr. No. Foreign Banks
1 The Royal Bank of Scotland N.V
2 Abu Dhabi Commercial Bank Ltd.
3 Antwerp Diamond Bank N.V
4 Arab Bangladesh Bank Ltd.(AB Bank)
5 Bank International Indonesia
6 Bank of America
7 Bank of Bahrain & Kuwait B.S.C
8 Bank of Ceylon
9 Bank of Nova Scotia
10 Bank of Tokyo – Mitsubishi Ltd
11 Barclays Bank
12 BNP Paribas
13 China Trust Bank
14 Shinhan Bank
15 Citibank N.A
16 Credit Agricole Corporate and
Investment Bank
17 Deutsche Bank
18 DBS Bank Ltd.
19 Hongkong and Shanghai Banking
Corpn. Ltd.
20 J.P.Morgan Chase Bank N.A
21 Krung Thai Bank
22 Mashreqbank
23 Mizuho Corporate Bank Ltd.
24 Oman International Bank
25 SocieteGenerale
26 Sonali Bank
27 Standard Chartered Bank
28 State Bank of Mauritius
29 JSC – VTB Bank
31 American Express Banking
32 First Rand Bank Ltd.
33 Commonwealth Bank of Australia
34 United Overseas Bank Ltd.
35 Credit Suisse A.G
36 Sberbank
37 Australia and New Zealand Banking
Group Ltd.
38 Rabobank International
39 National Australia Bank
40 Woori Bank
41 Industrial & Commercial Bank of
42 Sumitomo Mitsui Banking
43 Westpac Banking Corporation
44 Doha Bank
Source: RBI

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