List of Banks in India

Private Sector Banks List in India

Bank Name Headquarters Year of Establishment
Axis Bank Mumbai, Maharashtra 1993
Bandhan Bank Kolkata, West Bengal 2015
CSB Bank Thrissur, Kerala 1920
City Union Bank Kumbakonam, Tamil Nadu 1904
DCB Bank Mumbai, Maharashtra 1930
Dhanlaxmi Bank Thrissur, Kerala 1927
Federal Bank Kochi, Kerala 1931
HDFC Bank Mumbai, Maharashtra 1994
ICICI Bank Mumbai, Maharashtra 1994
IDBI Bank Mumbai, Maharashtra 1964
IDFC First Bank Mumbai, Maharashtra 2015
IndusInd Bank Mumbai, Maharashtra 1994
Jammu & Kashmir Bank Srinagar, Jammu and Kashmir 1938
Karnataka Bank Mangaluru, Karnataka 1924
Karur Vysya Bank Karur, Tamil Nadu 1916
Kotak Mahindra Bank Mumbai, Maharashtra 2003
Nainital Bank Nainital, Uttarakhand 1922
RBL Bank Mumbai, Maharashtra 1943
South Indian Bank Thrissur, Kerala 1929
Tamilnad Mercantile Bank Thoothukkudi, Tamil Nadu 1921
Yes Bank Mumbai, Maharashtra 2004

Public Sector Banks in India

Bank Name Headquarters Year of Establishment
Bank of Baroda Vadodara, Gujarat 1908
Bank of India Mumbai, Maharashtra 1906
Bank of Maharashtra Pune, Maharashtra 1935
Canara Bank Bengaluru, Karnataka 1906
Central Bank of India Mumbai, Maharashtra 1911
Indian Bank Chennai, Tamil Nadu 1907
Indian Overseas Bank Chennai, Tamil Nadu 1937
Punjab and Sind Bank New Delhi, NCT of Delhi 1908
Punjab National Bank Dwarka, NCT of Delhi 1894
State Bank of India Mumbai, Maharashtra 1955
UCO Bank Kolkata, West Bengal 1943
Union Bank of India Mumbai, Maharashtra 1919

Below is a General list Categorizing the Types of Banks in India

  1. Foreign Banks:
    • Citibank
    • HSBC Bank
    • Standard Chartered Bank
    • Deutsche Bank
    • Bank of America
    • Barclays Bank
    • etc. (Several foreign banks operate in India.)
  2. Regional Rural Banks (RRBs):
    • Baroda Uttar Pradesh Gramin Bank
    • Kerala Gramin Bank
    • Andhra Pradesh Grameena Vikas Bank
    • etc. (There are multiple RRBs operating in different states.)
  3. Cooperative Banks:
    • Saraswat Co-operative Bank
    • Punjab and Maharashtra Co-operative Bank (PMC Bank)
    • Abhyudaya Co-operative Bank
    • Rajkot Nagarik Sahakari Bank
    • etc. (There are numerous cooperative banks in India.)

Banks in India across Different Categories:

  1. Small Finance Banks:
    • Equitas Small Finance Bank
    • Ujjivan Small Finance Bank
    • Jana Small Finance Bank
    • AU Small Finance Bank
    • ESAF Small Finance Bank
  2. Payments Banks:
    • Airtel Payments Bank
    • Paytm Payments Bank
    • India Post Payments Bank
    • Jio Payments Bank
    • Fino Payments Bank
  3. Development Banks:
    • National Bank for Agriculture and Rural Development (NABARD)
    • Small Industries Development Bank of India (SIDBI)
    • National Housing Bank (NHB)
  4. Cooperative Credit Institutions:
    • National Cooperative Development Corporation (NCDC)
    • National Cooperative Union of India (NCUI)
    • Cooperative Bank
  5. Specialized Banks:
    • Export-Import Bank of India (EXIM Bank)
    • Industrial Development Bank of India (IDBI)
    • National Industrial Development Corporation (NIDC)
    • Industrial Finance Corporation of India (IFCI)
  6. Microfinance Institutions (MFIs):
    • Bandhan Bank
    • SKS Microfinance (now Bharat Financial Inclusion Limited)
    • Utkarsh Small Finance Bank
    • Janalakshmi Financial Services
  7. Other Financial Institutions:
    • LIC Housing Finance
    • Housing Development Finance Corporation (HDFC)
    • Bajaj Finance Limited
    • Power Finance Corporation (PFC)
    • Rural Electrification Corporation (REC)

List of Banks in India

Banks and Financial Institutions in India

  1. Custodian Banks:
    • Deutsche Bank AG
    • Standard Chartered Bank
    • HSBC Securities and Capital Markets (India) Pvt. Ltd.
    • Citibank N.A.
  2. Infrastructure Financing Institutions:
    • India Infrastructure Finance Company Limited (IIFCL)
    • Infrastructure Development Finance Company Limited (IDFC)
  3. Asset Reconstruction Companies (ARCs):
    • ARCIL (Asset Reconstruction Company India Limited)
    • Edelweiss Asset Reconstruction Company Limited
    • JM Financial Asset Reconstruction Company Limited
  4. Venture Capital Funds (VCFs) and Private Equity Funds (PEFs):
    • Sequoia Capital India
    • Accel Partners India
    • Nexus Venture Partners
    • Kalaari Capital
  5. Mutual Funds:
    • HDFC Mutual Fund
    • ICICI Prudential Mutual Fund
    • SBI Mutual Fund
    • Aditya Birla Sun Life Mutual Fund
  6. Insurance Companies:
    • Life Insurance Corporation of India (LIC)
    • ICICI Prudential Life Insurance
    • HDFC Life Insurance
    • SBI Life Insurance
    • Max Life Insurance
  7. Stock Exchanges:
    • Bombay Stock Exchange (BSE)
    • National Stock Exchange of India (NSE)
  8. Credit Rating Agencies:
    • CRISIL
    • ICRA
    • CARE Ratings
    • India Ratings and Research (a Fitch Group Company)

Few more examples

  1. Payment Gateways and Payment Service Providers:
    • Razorpay
    • PayU India
    • BillDesk
    • CCAvenue
  2. Non-Banking Financial Companies (NBFCs):
    • Bajaj Finance Limited
    • Mahindra & Mahindra Financial Services Limited
    • Shriram Transport Finance Company Limited
    • L&T Finance Holdings Limited
  3. Microfinance Institutions (MFIs):
    • Ujjivan Financial Services
    • Bharat Financial Inclusion Limited (now part of IndusInd Bank)
    • Equitas Holdings Limited
  4. Stock Brokers and Depository Participants:
    • Angel Broking
    • Zerodha
    • Kotak Securities
    • HDFC Securities
  5. Financial Technology (FinTech) Companies:
    • Paytm
    • PhonePe
    • Policybazaar
    • Lendingkart Technologies
  6. Housing Finance Companies (HFCs):
    • LIC Housing Finance Limited
    • HDFC Ltd (Housing Development Finance Corporation)
    • Dewan Housing Finance Corporation Limited (DHFL)
  7. Primary Dealers:
    • ICICI Securities Primary Dealership Limited
    • HDFC Securities Limited (Primary Dealership)
    • SBI DFHI Limited
  8. Pension Funds:
    • National Pension System (NPS) Trust
    • Pension Fund Regulatory and Development Authority (PFRDA)
  9. Micro Units Development and Refinance Agency (MUDRA):
    • MUDRA Bank

Different Segments of the Financial Industry in India

  1. Factoring Companies:
    • SBI Global Factors Limited
    • Magma Fincorp Limited (Magma)
    • Aditya Birla Finance Limited
  2. Merchant Acquirers:
    • HDFC Bank
    • Axis Bank
    • State Bank of India (SBI)
    • ICICI Bank
  3. Financial Consultancy and Advisory Firms:
    • Ernst & Young (EY)
    • Deloitte
    • PricewaterhouseCoopers (PwC)
    • KPMG
  4. Asset Management Companies (AMCs):
    • Reliance Nippon Life Asset Management (RNAM)
    • Franklin Templeton India
    • DSP Mutual Fund
    • Mirae Asset Mutual Fund
  5. Regulators and Authorities:
    • Reserve Bank of India (RBI)
    • Securities and Exchange Board of India (SEBI)
    • Insurance Regulatory and Development Authority of India (IRDAI)
    • Pension Fund Regulatory and Development Authority (PFRDA)
  6. Export Credit Agencies:
    • Export Credit Guarantee Corporation of India Limited (ECGC)
    • Export-Import Bank of India (EXIM Bank)
  7. Insurance Brokers:
    • Marsh India Insurance Brokers Pvt. Ltd.
    • Willis Towers Watson India Insurance Brokers Pvt. Ltd.
    • Aon India Insurance Brokers Pvt. Ltd.
  8. Venture Debt Providers:
    • Alteria Capital
    • InnoVen Capital
    • Trifecta Capital
  9. Digital Lenders:
    • Capital Float
    • Lendingkart Technologies
    • Faircent

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