All Banks List 2020, Banking in India: Banking in India in the modern sense originated in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786 and since defunct. Now you can scroll down below and check complete details regarding “Banking in India – A comprehensive list of all Banks”
Banking in India – A comprehensive list of all Banks
The largest bank, and the oldest still in existence, is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India’s independence, became the State Bank of India in 1955. For many years the presidency banks acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935.
In 1969 the Indian government nationalised all the major banks that it did not already own and these have remained under government ownership. They are run under a structure know as ’profit-making public sector undertaking’ (PSU) and are allowed to compete and operate as commercial banks. The Indian banking sector is made up of four types of banks, as well as the PSUs and the state banks, they have been joined since the 1990s by new private commercial banks and a number of foreign banks.
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Types of banks in India:
A) Nationalised banksB) SBI associated banksC) Regional rural banksD) Private banksE) co-operative banksF) Foreign banks.
A) Nationalised Banks in India:
Public Sector Banks or PSBs are those banks where the direct holding of the Central/State Government or other PSBs is 51% or more.01
1. Andhra banks2. Allahabad bank3. Bank of baroda4. Bank of India5. Bank of Maharashtra6. Canara Bank7. Central Bank of India8. Corporation Bank9. Indian Bank10. Indian Overseas Bank11. Oriental Bank of Commerce12. Punjab National Bank13. Punjab & Sind Bank14. Syndicate Bank15. UCO Bank16. Union Bank of India17. United Bank of India18. Vijaya Bank19. IDBI Bank20. Dena Bank21. ECGC.
B) SBI associated banks In India:
1.State bank of bikaner & jaipur2.State bank of Hyderabad3.State bank of mysore4.State bank of patiala5.State bank of travencore.
C) Regional rural banks In India :
1.Allahabad UP Gramin Bank2.Andhra Pradesh Grameena Vikas Bank3.Andhra Pragathi Grameena Bank4.Arunachal Pradesh Rural Bank5.Gramin Bank of Aryavart6.Assam Gramin Vikash Bank7.Baitarani Gramya Bank8.Bangiya Gramin Vikash Bank9.Baroda Gujarat Gramin Bank10.Baroda Rajasthan Kshetriya Gramin Bank11.Baroda Uttar Pradesh Gramin Bank12.Bihar Gramin Bankis the result of the merger on 15 Oct 2012 between Samastipur Kshetriya Gramina Bank and Bihar Kshetriya Gramina Bank.13.Chaitanya Godavari Grameena Bank14.Chhattisgarh Gramin Bank15.Deccan Grameena Bank16.Dena Gujarat Gramin Bank17.Durg-Rajnandgaon Gramin Bank18.Ellaquai Dehati Bank19.Sarva Haryana Gramin Bank20.Himachal Gramin21.Jhabua Dhar Kshetriya Gramin Bank22.Jharkhand Gramin Bank23.JK Gramin Bank24.Kalinga Gramya Bank25.Karnataka Vikas Grameena Bank26.Kashi Gomti Samyut Gramin Bank27.Kaveri Grameena Bank28.Kerala Gramin Bank29.Krishna Grameena Bank- Amalgamated with PGBon 23 Aug 13 – New name: Pragathi Krishna Gramin Bank30.Langpi Dehangi Rural Bank31.Madhumalti Building Gupte Marg32.Madhya Bihar Gramin Bank33.Mahakaushal Kshetriya Gramin Bank34.Maharashtra Gramin Bank.35.Malwa Gramin Bank36.Manipur Rural Bank37.Marudhara Gramin Bank38.Meghalaya Rural Bank39.Mewar Anchalik Gramin Bank40.Mizoram Rural Bank41.Nagaland Rural Bank42.Narmada Jhabwa GraminBank43.Neelachal Gramya Bank44.Pallavan Grama Bank45.Pandyan Grama Bank46.Parvatiya Gramin Bank47.Paschim Banga Gramin Bank48.Pragathi Gramin Bank; after amalgamation on 23 August 2013 the bank became Pragathi Krishna Gramin49.Prathama Bharathiar Grama bank50.Punjab Gramin bank51.Purvanchal Bankmergedwith Ballia Etawa Gramin Bank on 1 July 2013.52.Odisha Grameen bank53.Rushikulya Gramya bank54.Saptagiri Grameena bank55.Sarva Haryana Gramin bank56.Sarva UP Gramin bank57.Satpura Narmada Kshetriya bank58.Saurashtra Gramin bank59.Mandhyanchal Grameen bank60.Surguja Kshetriya Gramin bank61.Sutlej Kshetriya Gramin bank62.Tripura Gramin bank63.Utkal Grameen bank64.Uttar Banga Kshetriya Gramin bank65.Uttar Bihar Gramin bank66.Uttarakhand Gramin bank67.Vananchal Gramin bank68.Vidharbha Kshetriya Gramin bank69.Wainganga Krishna Gramin bank
D) Private banks in India:
1.Bank of Rajasthan Ltd.2.Bharat Overseas Bank Ltd.3.Catholic Syrian Bank Ltd.4.Federal Bank Ltd5.Dhanalakshmi Bank Ltd.6.Jammu and Kashmir Bank Ltd.7.Karnataka Bank Ltd.8.Karur Vysya Bank Ltd.9.City Union Bank Ltd.10.Lakshmi Vilas Bank Ltd.11.Nainital Bank Ltd.12.Ratnakar Bank Ltd.13.South Indian Bank Ltd.14.Tamilnad Mercantile Bank Ltd.15.ING Vysya Bank Ltd.16.ICICI Bank Ltd.17.Axis Bank Ltd.18.IndusInd Bank Ltd.19.Yes Bank Ltd.20.SBI Commercial and International Bank Ltd.21.HDFC Bank Ltd.22.Development Credit Bank Ltd.23.Kotak Mahindra Bank Lt
E) Co-operative banks in India
F) Foreign banks.