The Reserve Financial institution of India (RBI) is the central financial institution and apex monetary establishment of the nation. It was established in 1935. The RBI regulates and oversees the banking system of India. There are numerous kinds of banks in India. Every kind of financial institution is accountable to carry out completely different capabilities. On this submit, I’ve compiled a listing of banks in India (Indian Financial institution Names Record).
Sorts of Banks in India
In India, banks are categorised into 4 classes. Sorts of banks in India are as beneath.
1. Industrial Banks
Industrial banks in India are broadly categorised into the next classes:
- Public sector financial institution
- Personal sector banks
- Overseas banks
- Regional rural banks (RRB)
2. Co-operative Banks
Cooperative banks are additional categorised into the next classes:
- City co-operative banks
- Rural co-operative banks
3. Small Finance Banks
4. Funds Banks
Record of Banks in India 2021 (Indian Financial institution Names Record)
At current, there are 12 public sector banks and 21 non-public sector banks in India. Right here, I’ve compiled the Indian financial institution names checklist. Subsequently, you can see all of the financial institution names in India (checklist of financial institution identify) on this weblog.
Public Sector Banks in India
Public Sector Banks are the banks which are owned by the Authorities. The Authorities is the foremost shareholder of greater than 50% within the financial institution. Public sector banks (Govt. Banks in India) are additional categorised into two classes:
- State Financial institution and Associates
- Nationalized Banks in India
At current, there are 12 Authorities Banks in India. Examples of Authorities banks in India are the State Financial institution of India (SBI), Punjab Nationwide Financial institution (PNB) and Financial institution of Baroda (BOB), and many others.
Record of Public Sector Banks in India 2021
Beneath is the checklist of Authorities banks in India after the merger.
1. State Financial institution of India (With the merger of State Financial institution of Bikaner & Jaipur, State Financial institution of Hyderabad, State Financial institution of Mysore, State Financial institution of Indore, State Financial institution of Patiala, State Financial institution of Travancore, State Financial institution of Saurashtra, and Bhartiya Mahila Financial institution)
2. Financial institution of Baroda (With the merger of Vijaya Financial institution and Dena Financial institution)
3. Financial institution of India
4. Financial institution of Maharashtra
5. Canara Financial institution (With the merger of Syndicate Financial institution)
6. Central Financial institution of India
7. Indian Financial institution (With the merger of Allahabad Financial institution)
8. Indian Abroad Financial institution
9. Punjab & Sind Financial institution
10. Punjab Nationwide Financial institution (With the merger of United Financial institution of India and Oriental Financial institution of Commerce)
11. UCO Financial institution
12. Union Financial institution of India (With the merger of Company Financial institution and Andhra Financial institution)
The above is the newest checklist of Nationalised Banks in India.
Personal Sector Banks in India
Personal Sector Banks are the banks the place many of the fairness is owned by non-public shareholders. There are 21 non-public sector banks working in India. Examples of personal banks are ICICI Financial institution, HDFC Financial institution, and Axis Financial institution, and many others.
Record of Personal Banks in India
1. Axis Financial institution
2. Bandhan Financial institution
3. CSB Financial institution
4. Metropolis Union Financial institution
5. DCB Financial institution
6. Dhanlaxmi Financial institution
7. Federal Financial institution
8. HDFC Financial institution
9. ICICI Financial institution
10. IDBI Financial institution
11. IDFC FIRST Financial institution
12. IndusInd Financial institution
13. J&Okay Financial institution
14. Karnataka Financial institution
15. Karur Vysya Financial institution
16. Kotak Mahindra Financial institution
17. Nainital Financial institution
18. RBL Financial institution
19. South Indian Financial institution
20. Tamilnad Mercantile Financial institution
21. YES Financial institution
Additionally Learn: Record of Personal Banks in India.
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Overseas Banks
Overseas Banks are the banks headquartered in a special nation with branches in India. There are at present 44 overseas banks having a department in India. Examples of Overseas Banks are American Specific, Citi Financial institution and Customary Chartered Financial institution, and many others.
Record of Overseas Banks in India
Following are the overseas banks working in India.
1. Australia and New Zealand Banking Group Ltd.
2. Nationwide Australia Financial institution
3. Westpac Banking Company
4. Financial institution of Bahrain & Kuwait BSC
5. AB Financial institution Ltd.
6. Sonali Financial institution Ltd.
7. Financial institution of Nova Scotia
8. Industrial & Industrial Financial institution of China Ltd.
9. BNP Paribas
10. Credit score Agricole Company & Funding Financial institution
11. Societe Generale
12. Deutsche Financial institution
13. HSBC Ltd
14. PT Financial institution Maybank Indonesia TBK
15. Mizuho Financial institution Ltd.
16. Sumitomo Mitsui Banking Company
17. The Financial institution of Tokyo- Mitsubishi UFJ, Ltd.
18. Cooperative Rabobank U.A.
19. Doha Financial institution
20. Qatar Nationwide Financial institution SAQ
21. JSC VTB Financial institution
22. Sberbank
23. DBS Financial institution Ltd.
24. United Abroad Financial institution Ltd.
25. FirstRand Financial institution Ltd.
26. Shinhan Financial institution
27. Woori Financial institution
28. KEB Hana Financial institution
29. Industrial Financial institution of Korea
30. Financial institution of Ceylon
31. Credit score Suisse A.G
32. CTBC Financial institution Co., Ltd.
33. Krung Thai Financial institution Public Co. Ltd.
34. Abu Dhabi Industrial Financial institution Ltd.
35. Mashreq Financial institution PSC
36. First Abu Dhabi Financial institution PJSC
37 .Emirates NBD Financial institution PJSC
38. Barclays Financial institution Plc.
39. Customary Chartered Financial institution
40. The Royal Financial institution of Scotland plc
41. American Specific Banking Corp.
42. Financial institution of America
43. Citibank N.A.
44. J.P. Morgan Chase Financial institution N.A.
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Regional Rural Banks (RRB Banks)
Regional Rural Banks are additionally scheduled industrial banks. They’re established to offer credit score to the much less lucky sections of society. These banks normally function at regional ranges in several states of the nation. Some regional rural banks might have branches in city areas as effectively.
Regional Rural Banks Record (Record of RRBs)
Beneath is the checklist of Regional Rural Banks in India.
1. Assam Gramin Vikash Financial institution
2. Andhra Pradesh Grameena Vikas Financial institution
3. Andhra Pragathi Grameena Financial institution
4. Arunachal Pradesh Rural Financial institution
5. Aryavart Financial institution
6. Bangiya Gramin Vikash Financial institution
7. Baroda Gujarat Gramin Financial institution
8. Baroda Rajasthan Kshetriya Gramin Financial institution
9. Baroda UP Financial institution
10. Chaitanya Godavari GB
11. Chhattisgarh Rajya Gramin Financial institution
12. Dakshin Bihar Gramin Financial institution
13. Ellaquai Dehati Financial institution
14. Himachal Pradesh Gramin Financial institution
15. J&Okay Grameen Financial institution
16. Jharkhand Rajya Gramin Financial institution
17. Karnataka Gramin Financial institution
18. Karnataka Vikas Gramin Financial institution
19. Kerala Gramin Financial institution
20. Madhya Pradesh Gramin Financial institution
21. Madhyanchal Gramin Financial institution
22. Maharashtra Gramin Financial institution
23. Manipur Rural Financial institution
24. Meghalaya Rural Financial institution
25. Mizoram Rural Financial institution
26. Nagaland Rural Financial institution
27. Odisha Gramya Financial institution
28. Paschim Banga Gramin Financial institution
29. Prathama U.P. Gramin Financial institution
30. Puduvai Bharathiar Grama Financial institution
31. Punjab Gramin Financial institution
32. Rajasthan Marudhara Gramin Financial institution
33. Saptagiri Grameena Financial institution
34. Sarva Haryana Gramin Financial institution
35. Saurashtra Gramin Financial institution
36. Tamil Nadu Grama Financial institution
37. Telangana Grameena Financial institution
38. Tripura Gramin Financial institution
39. Uttar Bihar Gramin Financial institution
40. Utkal Grameen Financial institution
41. Uttarbanga Kshetriya Gramin Financial institution
42. Vidharbha Konkan Gramin Financial institution
43. Uttarakhand Gramin Financial institution
Small Finance Banks in India
Small Finance Banks are area of interest banks with fundamental banking providers. The principle goal is to offer monetary inclusion to sections of society that aren’t served by different banks. These are regulated and managed by the nationwide authorities of the nation.
Small Finance Banks Record
Following are the small finance banks at present working in India.
1. Au Small Finance Financial institution Ltd.
2. Capital Small Finance Financial institution Ltd
3. Fincare Small Finance Financial institution Ltd.
4. Equitas Small Finance Financial institution Ltd
5. ESAF Small Finance Financial institution Ltd.
6. Suryoday Small Finance Financial institution Ltd.
7. Ujjivan Small Finance Financial institution Ltd.
8. Utkarsh Small Finance Financial institution Ltd.
9. North East Small Finance Financial institution Ltd
10. Jana Small Finance Financial institution Ltd
Funds Banks in India
Funds financial institution is a brand new class of banks within the Indian Banking trade. Fee Banks in India had been conceptualized by the RBI. These banks are allowed to function on a smaller scale with out involving any credit score danger. They’re allowed to simply accept a nominal deposit of Rs.1 lakh per buyer.
Funds Banks Record
At current, beneath is the checklist of Funds Banks in India.
1. Airtel Funds Financial institution Ltd
2. India Publish Funds Financial institution Ltd
3. FINO Funds Financial institution Ltd
4. Paytm Funds Financial institution Ltd
5. Jio Funds Financial institution Ltd
6. NSDL Funds Financial institution Restricted
Co-operative Banks in India
Co-operative banks in India are monetary entities established on a co-operative foundation. These banks are run by an elected managing committee. These work on a no-profit no-loss foundation. They supply a variety of normal banking and monetary providers. The principle intention of this banking system is to advertise saving and funding habits amongst folks in rural components of the nation.
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Closing Ideas
I hope now you recognize in regards to the kinds of completely different banks that are working in India. The above-mentioned checklist of Banks in India adjustments sometimes. Subsequently, it’s essential to get up to date info by newspapers, on-line portals, and many others.
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