This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934.

Commercials banks

Public Sector Banks (PSBs)

There are 12 public sector banks in India as of 3 September 2024.

Private-sector banks

There are 21 private banks in India as of 1 April 2024.

Regional Rural Banks (RRBs)

There are 43 regional rural banks in India as of 1 November 2020.

Co-operative banks

State Co-operative Banks (SCBs)

There are 34 state co-operative banks in India.

District Central Co-operative Banks

There are a total of 352 district Central Co-operative in India.

Co-operative Banks - Scheduled Urban Cooperative Banks

There are 49 Co-operative Banks - Scheduled Urban Cooperative Banks in India as of 25th September, 2024.

Co-operative Banks- Non-Scheduled Urban Cooperative Banks

There are 1420 Non-Scheduled Urban Co-operative Banks in India as of 25th September, 2024.

Foreign banks

Foreign banks in India as on 14 July 2020 - Branch/WOS/Representative form of presence as per RBI:

Foreign banks operating as wholly owned subsidiary in India

List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India: • 🇸🇬 Singapore • * DBS Bank • 🇲🇺 Mauritius • * State Bank of Mauritius

Foreign banks with branches in India

List of notable banks which are incorporated outside India and are operating branches in India: • 🇦🇺 Australia • * Australia & New Zealand Banking Group • 🇧🇭 Bahrain • * Bank of Bahrain and Kuwait • 🇧🇩 Bangladesh • * AB Bank • * Sonali Bank • 🇨🇦 Canada • * Bank of Nova Scotia • 🇨🇳 China • * Bank of China • * Industrial & Commercial Bank of China • 🇩🇰 Denmark • * Danske Bank • * Saxo Bank • 🏴󠁧󠁢󠁥󠁮󠁧󠁿 England • * Barclays • * HSBC Bank India • * Standard Chartered India • 🇫🇷 France • * BNP Paribas • * Société Générale • * Crédit Agricole Corporate and Investment Bank • 🇩🇪 Germany • * Deutsche Bank • 🇮🇩 Indonesia • * Bank Maybank Indonesia • 🇯🇵 Japan • * Mizuho Corporate Bank • * MUFG Bank • * Sumitomo Mitsui Banking Corporation • 🇳🇱 Netherlands • * ABN AMRO • * Rabobank • 🇶🇦 Qatar • * Doha Bank • * Qatar National Bank • 🇷🇺 Russia • * Sberbank • 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Scotland • * NatWest Group • 🇸🇬 Singapore • * United Overseas Bank • 🇿🇦 South Africa • * FirstRand Bank • 🇰🇷 South Korea • * Industrial Bank of Korea • * KEB Hana Bank • * Kookmin Bank • * Shinhan Bank • * Woori Bank • 🇱🇰 Sri Lanka • * Bank of Ceylon • 🇸🇪 Sweden • * Handelsbanken • 🇨🇭 Switzerland • * Credit Suisse • 🇹🇼 Taiwan • * CTBC Bank • 🇹🇭 Thailand • * Krung Thai Bank • 🇦🇪 United Arab Emirates • * Abu Dhabi Commercial Bank • * Emirates NBD • * First Abu Dhabi Bank • United States of America • * American Express • * Bank of America • * JPMorgan Chase

Foreign banks with representative offices

List of notable foreign banks with representative offices in India: • 🇦🇺 Australia • * National Australia Bank • 🇦🇹 Austria • * Raiffeisen Bank International • 🇨🇦 Canada • * Bank of Montreal • * Toronto Dominion Bank • 🇫🇷 France • * Credit Industriel et Commercial • * Natixis • 🇩🇪 Germany • * DZ Bank • 🇮🇹 Italy • * Banco BPM • * Intesa Sanpaolo • 🇳🇬 Nigeria • * Access Bank • 🇳🇴 Norway • * DNB Bank • 🇵🇹 Portugal • * Caixa Geral de Depositos • 🇷🇺 Russia • * Gazprombank • 🇪🇸 Spain • * Banco Bilbao Vizcaya Argentaria • * Banco de Sabadell • 🇸🇪 Sweden • * Skandinaviska Enskilda Banken • 🇨🇭 Switzerland • * UBS AG • * Zurcher Kantonalbank • 🇰🇷 South Korea • * Busan Bank • 🇹🇼 Taiwan • * Bank of Taiwan • 🇺🇸 United States • * The Bank of New York Mellon (United States) • * Wells Fargo Bank (United States)

Local Area Banks

Local Area Banks are non-scheduled banks. They were set up with the twin objectives of providing an institutional mechanism for promoting rural and semi-urban savings and for providing credit for viable economic activities in local areas. They were established as Public Limited Companies in the private sector. They are promoted either by individuals, corporates, trusts or societies. The minimum paid up capital of such banks is ₹50 million. The promoter's contribution should be at least ₹20 million. Local Area Banks can operate and open branches in a maximum of 3 geographically contiguous districts. They are governed by the provisions of the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949 and other relevant statutes. They are to be registered as Public Limited Companies under the Companies Act 1956. Since they are non-scheduled banks, they cannot borrow funds from the Reserve Bank of India, like other scheduled commercial banks. List of Local Area Banks: • Coastal Local Area Bank Ltd • Krishna Bhima Samruddhi LAB Ltd

Payments banks

Small finance banks

At present, there are 11 small sector banks in India.