List of Scheduled Commercial Banks of India 2022

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

• 1. What is Bank?
• 2. What are Commercial Banks?
• 3. Public Sector Banks:
• 4. List of Public Sector Banks in India:
• 5. Private Sector Banks:
• 6. List of Private Sector Banks in India:
• 7. Foreign Banks in India:
• 8. List of Foreign Banks operating in 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

  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.

    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 Bank)
      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

      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
        30	UBS AG
        31	American Express Banking Corporation
        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 China
        42	Sumitomo Mitsui Banking Corporation
        43	Westpac Banking Corporation
        44	Doha Bank
        Source: RBI

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