The Reserve Bank of India (RBI) is the central bank of India responsible for issuing and supplying the Indian Rupee and controlling the Indian banking system. It also operates the key payment systems of the nation and works to support its economic growth. Until the Monetary Policy Committee was formed in 2016, RBI also had full control of monetary policy. It began operations on 1 April 1935 in compliance with the Indian Reserve Bank Act, 1934. The initial share capital was divided into 100 shares each fully paid out. Following the independence of India on 15 August 1947, the RBI was nationalized on 1 January 1949. Almost every bank falls under the control of the Reserve Bank of India. To give you a clear idea of which banks fall under this, we have provided a list of Banks in India RBI below. Get the entire list below.
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List of Banks in India RBI
The Reserve Bank of India (RBI) is the highest banking regulatory authority in India. It was established by the RBI Act, 1934. Indian banks are divided into two groups: Scheduled banks and Non Scheduled banks. Scheduled banks are those banks that are included in the second schedule of the RBI Act, 1934. The other commercial banks are then divided into two: Private Sector Banks and Public Sector Banks. Here is the list of Banks in India RBI as per their categories. As per the database of the Reserve Bank of India, we have sourced this information. It is RBI that regulates all these other banks. Get the List of Banks in India RBI.
List of Scheduled Public Sector Banks
- Bank of Baroda
- Bank of India
- Canara Bank
- Bank of Maharashtra
- Central Bank of India
- Indian Bank
- Indian Overseas Bank
- Punjab and Sind Bank
- Punjab National Bank
- State Bank of India
- UCO Bank
- Union Bank of India
List of Scheduled Private Sector Banks
- Axis Bank Ltd
- Bandhan Bank Ltd
- CSB Bank Ltd
- City Union Bank Ltd
- DCB Bank Ltd
- Dhanlaxmi Bank Ltd
- Federal Bank Ltd
- HDFC Bank Ltd
- ICICI Bank Ltd
- Induslnd Bank Ltd
- IDFC First Bank Ltd
- Jammu and Kashmir Bank Ltd
- Karnataka Bank Ltd
- Karur Vysya Bank Ltd
- Kotak Mahindra Bank Ltd
- Lakshmi Vilas Bank Ltd
- Nainital Bank Ltd
- RBL Bank Ltd
- South Indian Bank Ltd
- Tamilnadu Mercantile Bank Ltd
- YES Bank Ltd
- IDBI Bank Ltd
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List of Scheduled Small Finance Banks
- Au Small Finance Bank Ltd
- Capital Small Finance Bank Ltd
- Equitas Small Finance Bank Ltd
- Suryoday Small Finance Bank Ltd
- Ujjivan Small Finance Bank Ltd
- Utkarsh Small Finance Bank Ltd
- ESAF Small Finance Bank Ltd
- Fincare Small Finance Bank Ltd
- Jana Small Finance Bank Ltd
- North East Small Finance Bank Ltd
List of Scheduled Payments Banks
- Indian Post Payments Bank Ltd
List of Scheduled Regional Rural Banks
- Andhra Pragathi Grameena Bank
- Chaitanya Godavari Grameena Bank
- Saptagiri Grameena Bank
- Andhra Pradesh Grameena Vikas Bank
- Telangana Grameena Bank
- Arunachal Pradesh Rural Bank
- Uttar Bihar Gramin Bank
- Chhattisgarh Rajya Gramin Bank
- Saurashtra Gramin Bank
- Sarva Haryana Gramin Bank
- Himachal Pradesh Gramin Bank
- Ellaquai Dehati Bank
- J&K Grameen Bank
- Karnataka Vikas Grameena Bank
- Madhyanchal Gramin Bank
- Vidharbha Konkan Gramin Bank
- Maharashtra Gramin Bank
- Manipur Rural Bank
- Meghalaya Rural Bank
- Mizoram Rural Bank
- Nagaland Rural Bank
- Utkal Grameen Bank
- Odisha Gramya Bank
- Puduvai Bharathiar Grama Bank
- Baroda Rajasthan Kshetriya Gramin Bank
- Rajasthan Marudhara Gramin Bank
- Tripura Gramin Bank
- Uttarakhand Gramin Bank
- Bangiya Gramin Vikas Bank
- Paschim Banga Gramin Bank
- Uttarbanga Kshetriya Gramin Bank
- Kerala Gramin Bank
- Assam Gramin Vikash Bank
- Baroda Gujarat Gramin Bank
- Dakshin Bihar Gramin Bank
- Punjab Gramin Bank
- Jharkhand Rajya Gramin Bank
- Karnataka Gramin Bank
- Madhya Pradesh Gramin Bank
- Tamil Nadu Grama Bank
- Aryavart Bank
- Prathama UP Gramin Bank
- Baroda UP Bank*
* The process for Baroda UP Bank at Serial no 43, for inclusion in the Second Schedule of RBI Act, 1934, is yet to be completed.
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List of Scheduled Foreign Banks in India
- Australia and New Zealand Banking Group Ltd.
- Westpac Banking Corporation
- Bank of Bahrain and Kuwait BSC
- AB Bank Ltd
- Sonali Bank Ltd
- Bank of Nova Scotia
- Industrial and Commercial Bank of China Ltd
- BNP Paribas
- Credit Agricole Corporate and Investment Bank
- Societe Generale
- Deutsche Bank
- HSBC Ltd
- PT Bank Maybank Indonesia TBK
- Mizuho Bank Ltd
- Sumitomo Mitsui Banking Corporation
- The Bank of Tokyo – Mitsubishi UFJ Ltd
- Cooperative Rabobank UA
- Doha Bank
- Qatar National Bank
- JSC VTB Bank
- Sberbank
- United Overseas Bank Ltd
- FirstRand Bank Ltd
- Shinhan Bank
- Woori Bank
- KEB Hana Bank
- Industrial Bank of Korea
- Kookmin Bank
- Bank of Ceylon
- Credit Suisse AG
- CTBC Bank Co Ltd
- Krung Thai Bank Public Co. Ltd
- Abu Dhabi Commercial Bank Ltd
- Mashreq Bank PSC
- First Abu Dhabi Bank PJSC
- Emirates Bank NBD
- Barclays Bank Plc
- Standard Chartered Bank
- NatWest Markets Plc
- American Express Banking Corporation
- Bank of America
- Citibank NA
- JP Morgan Chase Bank NA
- SBM Bank (India) Ltd*
- DBS Bank India Ltd*
- Bank of China Ltd*
* SBM Bank (India) Limited (Subsidiary of SBM Group) and DBS Bank India Limited (Subsidiary of DBS Bank Ltd.) have been issued licenses on December 06, 2017, and October 04, 2018, respectively for carrying on banking business in India through Wholly Owned Subsidiary (WOS) mode. They have commenced operations as WOS with effect from December 01, 2018, and March 01, 2019.
This is a list of Banks in India RBI. You can use this information to prepare for competitive exams as well. It is quite important to be aware of current affairs as most government and competitive exams have questions from the current affairs section. Share this information with friends and family who may need it. If you have liked the content of this article, visit our page for more general knowledge. Make sure to connect with us on LinkedIn for updates. Also, subscribe to our youtube channel for more such content in the visual form.
