Indian Banks: An overview
Nationalized banks
Given below are the names of the nationalized banks in India:
Allahabad Bank, Bank of Baroda, Andhra Bank, Bank of Maharashtra, Bank of India, Central Bank of India, Canara Bank, Dena Bank, Corporation Bank, Indian Bank, UP Agro Bank Corporation Ltd, Oriental Bank of Commerce, Indian Overseas Bank, Punjab National Bank, Punjab & Sind Bank, State Bank of Bikaner & Jaipur, State Bank of India, State Bank of Mysore, State Bank of Hyderabad, State Bank of Indore (currently merged with State Bank of India), State Bank of Saurashtra (currently merged with State Bank of India), State Bank of Patiala, Syndicate Bank, State Bank of Travancore, Union Bank of India, UCO Bank, Vijaya Bank, United Bank of India.
Of late, IDBI (Industrial Development Bank of India) has been included in the list of public sector banks in India.
Private sector banks
The private sector banks in India are mentioned below:
City Union Bank, Catholic Syrian Bank, Federal Bank, Dhanlaxmi Bank, Karnataka Bank, Jammu & Kashmir Bank, Nainital Bank, Karur Vysya Bank, South Indian Bank, Lakshmi Vilas Bank, ABN-Amro Bank, ICICI Bank, HDFC Bank, ING Vysya Bank, Indusind Bank, Kotak Mahindra Bank, Yes Bank, and Axis Bank.
ri Chhatrapati Rajashi Shahu Urban Co Op Bank Ltd.
Scheduled Banks and Non-Scheduled Banks in India
Indian banks can be also classified into scheduled and non-scheduled banks. Currently, India is home to 96 scheduled commercial banks or SCBs. Of these 96 banks, 31 banks are private sector banks (where the Government of India doesn't hold any stake, however they are listed with major stock exchanges and their stocks are bought and sold via these exchanges), 27 are public sector banks (where the Government of India enjoys a stake), and 38 are foreign or overseas banks. Together, these banking institutions have an extensive network of over 53,000 branches and 49,000 ATMs (automated teller machines).
Last Updated on 03 February 2012