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Banks in india list 2019 nationalized banks in india banks list.
List of commercial banks in india. They are to be registered as public limited companies under the indian companies act 1956. Banks are divided into categories like public sector banks private sector banks payments banks foreign banks regional rural banks cooperative banks etc. The scheduled commercial banks have been listed under the second schedule of the reserve bank of india act 1934. State bank of india sbi sbi is indias largest public sector bank and is ranked 232 nd on the fortune global 500 list of the worlds biggest corporations.
The bank is also the countrys biggest lender. 8 central bank of india 8 icici bank ltd. 1 ab bank 2 abn amro bank 3 abu dhabi commercial bank 4 allahabad bank 5 american express banking corporation 6 andhra bank 7 antwerp diamond bank 8 axis bank 9 bank of america 10 bank of bahrain kuwait 11 bank of ceylon 12 bank of india 13 bank of nova scotia 14 bank of punjab 15 bank of rajasthan 16 bank of tokyo mitsubishi ufj 17. 12 indian overseas bank 12 karur vysya bank ltd.
They helped cash strapped customers of other banks to exchange their defunct currency in exchange of new tender. They are governed by the provisions of reserve bank of india act 1934 banking regulation act 1949 and other relevant statutes. Indeed private banks in india can rightly be credited with softening the fallout of flash demonetization of rs500 and rs1000 currency notes on november 9 2016 by the indian government. Since they are non scheduled banks they cannot borrow funds from reserve bank of india like other scheduled commercial banks.
Nationalisation of indian banks or foundation of public sector banks in india was the biggest decision took and implemented over night. 1 public sectornationalized commercial banks in india. 9 corporation bank 9 indusind bank ltd. There are 100 indian banks and 40 foreign banks in india as of april 2020 in 731 indian districts as of now.
State bank of india sbi state of india sbi s the largest and the oldest commercial bank in india. 13 oriental bank of commerce 13 kotak mahindra bank ltd. List of commercial banks in india. 7 canara bank 7 hdfc bank ltd.
The selection assessment for listing a bank under the second schedule was provided in section 42 60 of the reserve bank of india act 1934. 10 dena bank 10 jammu kashmir bank ltd.
