This is a list of banks which are considered to be scheduled banks under the second schedule of RBI Act, 1934.[1][2]
As of 1 August 2025, India's commercial banking sector consists of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 28 regional rural banks (RRBs), 44 foreign banks (FBs), 12 small finance banks (SFBs), 6 payments banks (PBs)[3], 2 local area banks (LABs), and 4 financial institutions. Out of these 128 commercial banks, 124 are classified as scheduled banks and four are classified as non-scheduled banks.
Commercial banks
Public sector banks (PSBs)
There are 12 public sector banks in India, as of 1 April 2026.[4]
Private sector banks (PVBs)
''Private sector banks are banks where the majority of the bank's equity is owned by a private company or a group of individuals. They comply with the central bank guidelines yet have a unique financial system.''
There are 21 private sector banks in India, as of 1 August 2025.
Regional rural banks (RRBs)
There are 28 regional rural banks in India, as of 23 October 2025.
Co-operative banks
State co-operative banks (SCBs)
There are 34 state co-operative banks in India, as of 1 August 2025.[52]
- The Andaman and Nicobar State Co-operative Bank Ltd.
- The Andhra Pradesh State Co-operative Bank Ltd.
- The Arunachal Pradesh State Co-operative Apex Bank Ltd.
- The Assam Co-operative Apex Bank Ltd.
- The Bihar State Co-operative Bank Ltd.
- The Chandigarh State Co-operative Bank Ltd.
- The Chhattisgarh Rajya Sahakari Bank Maryadit
- The Delhi State Co-operative Bank Ltd.
- The Goa State Co-operative Bank Ltd.
- The Gujarat State Co-operative Bank Ltd.
- The Haryana State Co-operative Apex Bank Ltd.
- The Himachal Pradesh State Co-operative Bank Ltd.
- The Jammu and Kashmir State Co-operative Bank Ltd.
- The Jharkhand State Co-operative bank Ltd.
- The Karnataka State Co-operative Apex Bank Ltd.
- The Kerala State Co-operative Bank Ltd.
- The Madhya Pradesh Rajya Sahakari Bank Maryadit.
- The Maharashtra State Co-operative Bank Ltd.
- The Manipur State Co-operative Bank Ltd.
- The Meghalaya Co-operative Apex Bank Ltd.
- The Mizoram Co-operative Apex Bank Ltd.
- The Nagaland State Co-operative Bank Ltd.
- The Odisha State Co-operative Bank Ltd.
- The Pondichery State Co-operative Bank Ltd.
- The Punjab State Co-operative Bank Ltd.
- The Rajasthan State Co-operative Bank Ltd.
- The Sikkim State Co-operative Bank Ltd.
- The Tamil Nadu State Apex Co-operative Bank Ltd.
- The Telangana State Co-operative Apex Bank Ltd.
- The Tripura State Co-operative Bank Ltd.
- The Uttar Pradesh Co-operative Bank Ltd.
- The Uttaranchal Rajya Sahakari Bank Ltd.
- The West Bengal State Co-operative Bank Ltd.
- The Daman and Diu State Co-operative Bank Ltd.
District central co-operative banks
There are 352 district central co-operative banks in India, as of 1 August 2025.
Scheduled urban co-operative banks
There are 24 scheduled urban co-operative banks in India, as of 1 August 2025.
Non-scheduled urban co-operative banks
There are 1407 non-scheduled urban co-operative banks in India, as of 1 August 2025.
Foreign banks
There are 44 foreign banks in India, as of 1 August 2025. Branch/WOS/Representative form of presence as per RBI is as follows:[53]
Foreign banks operating as wholly owned subsidiary in India
List of notable foreign banks which are incorporated outside India and are operating a wholly owned subsidiary in India: • 🇸🇬 Singapore
• * DBS Bank
• 🇨🇭 Switzerland
• * UBS
• 🇲🇺 Mauritius
• * State Bank of Mauritius
Foreign banks with branches in India
List of notable foreign 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
• 🏴 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
• * 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
• 🇹🇼 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 in India
List of notable foreign banks which are incorporated outside India and are operating 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
• * Wells Fargo Bank
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.[54]
There are 2 local area banks in India, as of 1 August 2025.[55]
Payments banks
There are 4 payments banks in India, as of 15 December 2025.
Small finance banks
There are 12 small finance banks in India, as of 15 December 2025.
See also
- Banking in India
- Defunct banks of India
- Indian Financial System Code
- List of largest banks
- List of companies of India
- Make in India
- Reserve Bank of India
External links
References
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