List of Scheduled Commercial Banks of India 2022

By Stuti Mishra|Updated : August 9th, 2020

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. 

Table of Content

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
1State Bank of India
2Bank of Baroda
(Including Vijaya Bank and Dena
3Bank of India
4Bank of Maharashtra
5Canara Bank(Including Syndicate Bank)
6Central Bank of India
7Indian Bank
(Including Allahabad Bank)
8Indian Overseas Bank
9Punjab National Bank(including Oriental Bank of
Commerce and United Bank of India)
10Punjab & Sind Bank
11Union Bank of India(including Andhra Bank and
Corporation Bank)
12UCO 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
1Axis Bank Ltd.
2Catholic Syrian Bank Ltd.
3City Union Bank Ltd.
4Development Credit Bank Ltd.
5Dhanlaxmi Bank Ltd.
6Federal Bank Ltd.
7HDFC Bank Ltd.
8ICICI Bank Ltd.
9IndusInd Bank Ltd.
10Jammu & Kashmir Bank Ltd.
11Karnataka Bank Ltd.
12Karur Vysya Bank Ltd.
13Kotak Mahindra Bank Ltd.
14Lakshmi Vilas Bank Ltd.
15Nainital Bank Ltd.
16Ratnakar Bank Ltd.
17South Indian Bank Ltd.
18Tamilnad Mercantile Bank Ltd.
19Yes Bank Ltd.
20Bandhan Bank
21IDFC Bank Ltd.
22IDBI 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
1The Royal Bank of Scotland N.V
2Abu Dhabi Commercial Bank Ltd.
3Antwerp Diamond Bank N.V
4Arab Bangladesh Bank Ltd.(AB Bank)
5Bank International Indonesia
6Bank of America
7Bank of Bahrain & Kuwait B.S.C
8Bank of Ceylon
9Bank of Nova Scotia
10Bank of Tokyo - Mitsubishi Ltd
11Barclays Bank
12BNP Paribas
13China Trust Bank
14Shinhan Bank
15Citibank N.A
16Credit Agricole Corporate and
Investment Bank
17Deutsche Bank
18DBS Bank Ltd.
19Hongkong and Shanghai Banking
Corpn. Ltd.
20J.P.Morgan Chase Bank N.A
21Krung Thai Bank
23Mizuho Corporate Bank Ltd.
24Oman International Bank
26Sonali Bank
27Standard Chartered Bank
28State Bank of Mauritius
29JSC - VTB Bank
31American Express Banking
32First Rand Bank Ltd.
33Commonwealth Bank of Australia
34United Overseas Bank Ltd.
35Credit Suisse A.G
37Australia and New Zealand Banking
Group Ltd.
38Rabobank International
39National Australia Bank
40Woori Bank
41Industrial & Commercial Bank of
42Sumitomo Mitsui Banking
43Westpac Banking Corporation
44Doha Bank
Source: RBI

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  • Scheduled banks are banks that are listed in the 2nd schedule of the Reserve Bank of India (RBI) Act, 1934. 

  • There are two categories of the Scheduled Banks, i.e.,

    Scheduled Commercial Banks

    Scheduled Co-operative 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.

  • Currently, there are total of 12 public sector banks in India.

  • We have updated everything in this article. Kindly go through it.

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