Complete list of all the Public and Private sector banks in India as of 2022

This article presents a complete list of all the public and private sector banks operating in India, providing an overview of their key features and contributions to the banking landscape.

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Complete list of all the Public and Private sector banks in India as of 2022

India's banking sector is a significant contributor to the country's economic growth and development. It plays a crucial role in channeling financial resources, facilitating transactions, and supporting various sectors of the economy. The banking industry in India is composed of both public and private sector banks, each with its own unique characteristics and contributions.

In recent years, the Indian banking sector has witnessed various reforms and policy changes aimed at strengthening the financial system and enhancing transparency. The introduction of the Insolvency and Bankruptcy Code (IBC) and initiatives like the Pradhan Mantri Jan Dhan Yojana (PMJDY) have further bolstered the banking sector's role in promoting financial stability and inclusive growth.

Additionally, the Reserve Bank of India (RBI), as the country's central bank, plays a crucial regulatory role in ensuring the stability and smooth functioning of the banking sector. It formulates policies, supervises banks, and acts as a lender of last resort during times of financial distress.

As India progresses towards becoming a digitally empowered society, the banking sector has also embraced technology-driven solutions. Digital banking, mobile banking apps, and online payment systems have gained widespread acceptance, making banking services more accessible, convenient, and secure for customers across the country.

In conclusion, the banking sector in India, comprising both public and private sector banks, is a vital component of the nation's economic landscape. With their extensive reach, diverse product offerings, and customer-centric approach, banks in India have played a crucial role in fostering economic growth, financial inclusion, and stability. As of 2022, India boasted a comprehensive network of banks, catering to the diverse financial needs of its citizens and businesses. This article presents a complete list of all the public and private sector banks operating in India, providing an overview of their key features and contributions to the banking landscape.

List of all Public Sector Banks in India as of 2022

The public sector banks (PSBs) in India are financial institutions where the majority of the ownership is held by the government. These banks, with their wide branch network and robust infrastructure, have been instrumental in promoting financial inclusion and extending banking services to the farthest corners of the country. Public sector banks have played a pivotal role in uplifting the rural economy and supporting priority sectors such as agriculture, small-scale industries, and micro, small, and medium enterprises (MSMEs). Some notable public sector banks in India include State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), and Canara Bank.

Bank nameEstablishmentHeadquarter
1. Axis Bank1993"Mumbai Maharashtra"
2. Bandhan Bank2015"Kolkata West Bengal"
3. CSB Bank1920"Thrissur Kerala"
4. City Union Bank1904"Thanjavur Tamil Nadu"
5. DCB Bank1930"Mumbai Maharashtra"
6. Dhanlaxmi Bank1927"Thrissur Kerala"
7. Federal Bank1931"Aluva Kerala"
8. HDFC Bank1994"Mumbai Maharashtra"
9. ICICI Bank1994"Mumbai Maharashtra"
10. IndusInd Bank1964"Mumbai Maharashtra"
11. IDFC FIRST Bank2015"Mumbai Maharashtra"
12. Jammu & Kashmir Bank1938"Srinagar Jammu and Kashmir"
13. Karnataka Bank1924"Mangaluru Karnataka"
14. Karur Vysya Bank1916"Karur Tamil Nadu"
15. Kotak Mahindra Bank2003"Mumbai Maharashtra"
16. IDBI Bank1964"Mumbai Maharashtra"
17. Nainital bank1922"Nainital Uttarakhand"
18. RBL Bank1943"Mumbai Maharashtra"
19. South Indian Bank1929"Thrissur Kerala"
20. Tamilnad Mercantile Bank1921"Thoothukudi Tamil Nadu"
21. YES Bank2004"Mumbai Maharashtra"

List of Private Sector Banks in India as of 2022

Private sector banks (PVBs) are financial institutions where the majority of the ownership is held by private individuals or organizations. Private banks have been at the forefront of innovation, customer-centric services, and technological advancements in the Indian banking sector. With a focus on providing personalized banking experiences and catering to niche market segments, private banks have carved a niche for themselves. Some prominent private sector banks in India include HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.

Bank NameEstablishmentHeadquarter
1. Bank of Baroda1908"Vadodara Gujarat"
2. Bank of India1906"Mumbai Maharashtra"
3. Bank of Maharashtra1935"Pune Maharashtra"
4. Canara Bank1906"Bengaluru Karnataka"
5. Central Bank of India1911"Mumbai Maharashtra"
6. Indian Bank1907"Chennai Tamil Nadu"
7. Indian Overseas Bank1937"Chennai Tamil Nadu"
8. Punjab and Sind Bank1908"New Delhi Delhi"
9. Punjab National Bank1894"New Delhi Delhi"
10. State Bank of India1955"Mumbai Maharashtra"
11. UCO Bank1943"Kolkata West Bengal"
12. Union Bank of India1919"Mumbai Maharashtra"

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Public and Private sector banks