1)

Introduction to the Banking Industry:

The rapid transformation in the banking industry over the last decade has made the industry stronger,
cleaner, transparent, efficient, faster, disciplined and a lot more competitive. The banking industry in
India has a huge canvass of history, which covers the traditional banking practices from the time of
Britishers to the reforms period, nationalization to privatization of banks and now increasing numbers of
foreign banks in India. Therefore, banking in India has been through a long journey. Rural banking and
micro financing are the two gateways for the Indian banks to grow and compete with international
banks.

The use of technology has brought a revolution in the working style of the banks and it has pervaded
each and every aspect of human life in a drastic manner. Advent of anytime, anywhere banking has
become possible due to technology adoption. Life has changed enormously due to gadgets and
appliances becoming easy to use and that too, in affordable prices.
Mobile phones, Digital cameras, I- phones, Dish TV are now common household goods and no more
come in category of luxury items. Together with that, the entry of plastic money has opened new
avenues for cashless transactions considered safer and more convenient than watching every time
whether the wallets are still struck in our hip pockets, vanity bags or not when we move out for
shopping or on journeys.
As we know finance is considered as the life blood of all economic activities and has become integral
part of modern business. A country’s financial system works in a set of financial markets, financial
services and financial institutions.

Broadly, the financial market is categorized into two groups viz.:

(a) Money market which deals only with short term finance, and
(b) Capital market which deals with long- term funds.
Banking industry is the back bone for the growth of any economy. In the recent time, we are witnessed
that the World Economy is passing through some small details or parts circumstances as bankruptcy of
banking and financial institutions, debt crisis in major economies of the world and euro zone crisis. The
banking scenario has become very uncertain causing recession in major economies like US and
Europe.
Generally banking in India was fairly mature in terms of supply, product range and reach- even though
reach in rural India and to the poor still remains a challenge. The government has developed initiatives
to address this through the State Bank of India expanding its branch network and through the National
Bank for Agriculture and Rural Development with things like microfinance. This also included the 2014
plan by the then prime minister to bring bank accounts to the estimated 40% of the population that were
still unbanked. Banks are a subset of the financial services industry.
A banking system also referred as a system provided by the bank which offers cash management
services for customers, reporting the transactions of their accounts and portfolios, throughout day. The
banking system India should not only be hassle free but it should be able to meet the new challenges
posed by the technology and any other external and internal factors.
For past three decades, India’s banking system has several outstanding achievements to its credit. The
banks are the main participants of the financial system in India. The Banking sector offers several
facilities and opportunities to their customers. All the banks safeguard the money and valuables and
provide loans, credit, and payment services, such as checking accounts, money order, and cashier ’s
cheques.

History of Indian Banking System:

The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786
and since defunct. The largest bank, and the oldest still in existence, is the State Bank of India, which
originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal.
This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of
Madras, all three of which were established under charters from the British East India Company.

The three banks merged in 1921 to form the Imperial Bank of India, which, upon India ’s independence,
became the State Bank of India in 1955. For many years the presidency banks acted as quasi- central
banks, as did their successors, until the Reserve Bank of India was established in 1935. In 1955, RBI
acquired control on Imperial Bank of India, which was renamed as State Bank of India. In 1959, SBI
took over control of eight private banks floated in the erstwhile princely states and making them as its
100% subsidiaries.
In 1969 the Indian government nationalized all the major banks that it did not already own and these
have remained under government ownership. They are run under a structure known as ‘profit-making
public sector undertaking’ (PSU) and are allowed to compete and operate as commercial banks. The
Indian banking sector is made up of four types of banks, as well as the PSUs and the state banks; they
have been joined since the 1990s by new private commercial banks and a number of foreign banks.
Structure of Indian Banking Industry:

All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are
Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Cooperative
Banks. Scheduled Commercial Banks in India are categorized into five different groups according to
their ownership and/or nature of operation.

These bank groups are:

i. State Bank of India and its Associates.

ii. Nationalized Banks Private Sector Banks Foreign Banks
iii. Regional Rural Banks.
In the bank group-wise classification, IDBI Bank Ltd. is included in Nationalized Banks. Scheduled Co-
operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Cooperative
Banks.
Growth of Banking in India:

By 2010, banking in India was generally fairly mature in terms of supply, product range and reach-even
though reach in rural India still remains a challenge for the private sector and foreign banks. In terms of
quality of assets and capital adequacy, Indian banks are considered to have clean, strong and
transparent balance sheets relative to other banks in comparable economies in its region. The Reserve
Bank of India is an autonomous body, with minimal pressure from the government.
With the growth in the Indian economy expected to be strong for quite some time-especially in its
services sector-the demand for banking services, especially retail banking, mortgages and investment
services are expected to be
strong. In March 2006, the Reserve Bank of India allowed Warburg Pincus to increase its stake in Kotak
Mahindra Bank (a private sector bank) to 10%. This is the first time an investor has been allowed to
hold more than 5% in a private sector bank since the RBI announced norms in 2005 that any stake
exceeding 5% in the private sector banks would need to be vetted by them.
In recent years critics have charged that the non-government owned banks are too aggressive in their
loan recovery efforts in connection with housing, vehicle and personal loans. There are press reports
that the banks’ loan recovery efforts have driven defaulting borrowers to suicide.
By 2013 the Indian Banking Industry employed 1,175,149 employees and had a total of 109,811
branches in India and 171 branches abroad and manages an aggregate deposit of Rs. 67504.54 billion
(US$1.1 trillion or 840 billion) and bank credit of 52604.59 billion (US$870 billion or 650 billion). The net
profit of the banks operating in India was 1027.51 billion (US$17 billion or 13 billion) against a turnover
of 9148.59 billion (US$150 billion or 110 billion) for the financial year 2012-13.

Challenges Faced by Banking Industry:

The bank marketing is than an approach to market the services profitability. It is a device to maintain
commercial viability. The changing perception of bank marketing has made it a social process. The
significant properties of the holistic concept of management and marketing has made bank marketing a
device to establish a balance between the commercial and social considerations, often considered to
be opposite of each other.

2)

Introduction to Banking: What is a Bank?

When you think of a bank, what image comes to mind? A bank is a financial intermediary for the
safeguarding, transferring, exchanging, or lending of money. Banks distribute “money ” - the medium of
exchange. A bank is a business and banks sell their services to earn money, and they need to market
and manage those services in a competitive field. Learn more about the fundamentals of banking.
What is a Bank?

A bank is a financial institution and a financial intermediary that accepts deposits and channels those
deposits into lending activities, either directly by loaning or indirectly through capital markets. 

A bank may be defined as an institution that accepts deposits, makes loans, pays checks and provides
financial services. A bank is a financial intermediary for the safeguarding, transferring, exchanging, or
lending of money. A primary role of banks is connecting those with funds, such as investors and
depositors, to those seeking funds, such as individuals or businesses needing loans. A bank is a
connection between customers that have capital deficits and customers with capital surpluses. 

Banks distribute the medium of exchange. Banking is a business. Banks sell their services to earn
money, and they must market and manage those services in a competitive field. Banks are financial
intermediaries that safeguard, transfer, exchange, and lend money and like other businesses that must
earn a profit to survive. Understanding this fundamental idea helps you to understand how banking
systems work and helps you understand many modern trends in banking and finance.

How Banks are created? 

Banks and money are essential to maintaining economies and they impact the entire societies and
nations. Hence they are closely regulated and strict procedures and principles are advised to be
followed by the banks by various authorities and governments. In the United States, banks may be
chartered by federal or state governments and in India government decides the rules for opening any
banks or its branches. 

From a business structure perspective, most of the Banks are corporations or cooperative societies and
may be owned by groups of individuals, corporations, or some combination of the two. Around the
world, banks are supervised by governments to guarantee the safety and stability of the money supply
and of the country. 
Types of Banks:

Banks provide a multitude of financial services beyond the traditional practices of holding deposits and
lending money. Commercial, retail, and central banks are three main types.

Understand the difference between the three: 

Commercial Banks: Provide familiar services such as checking and savings accounts, credit cards,
investment services, and others. Historically, offered their services only to businesses, including credit
and debit cards, bank accounts, deposits and loans, and secured and unsecured loans. Due to
deregulation, commercial banks are also competing more with investment banks in money market
operations, bond underwriting, and financial advisory work. 

Retail Banks: Developed to help individuals not served by commercial banks. Provide basic banking
services to individual consumers. These institutions help customers save money, acquire loans, and
invest. They also offer a wide range of financial services to a broad customer base. Examples include
savings banks, savings and loan associations, and credit unions and examples of products and
services include safe deposit boxes, checking and savings accounting, certificates of deposit (CDs),
mortgages, and car loans. 

Central Banks: Banks formed, owned, and regulated by the government to manage, regulate, and
protect both the money supply and the other banking institutions. Guarantee stable monetary and
financial policy from country to country. Typical functions include implementing monetary policy,
managing foreign exchange and gold reserves, making decisions regarding official interest rates, acting
as banker to the government and other banks, and regulating and supervising the banking industry.
Central banks serve as the government's banker. Central banks issue currency and conduct monetary
policy.

3)

BANKING SYSTEM IN INDIA

In India the banks and banking have been divided in different groups. Each group has their own
benefits and limitations in their operations. They have their own dedicated target market. Some are
concentrated their work in rural sector while others in both rural as well as urban. Most of them are only
catering in cities and major towns.

FINANCIAL REGULATORS IN INDIA

There are mainly three Financial regulators in India:
1.Reserve Bank of India (RBI) - Banking Sector
2.Securities Exchange Board of India (SEBI) - Capital Markets /Mutual Funds
3.Insurance Regulatory and Development Authority (IRDA) - Insurance Companies

STRUCTURE OF BANKING SYSTEM IN INDIA

Banks can generally be classified into various sub-categories as follows:

• PUBLIC SECTOR BANKS IN INDIA

•The State Bank Group and Nationalized banks: Is a group of 27 banks

•Has the largest number of branches in metro/ urban/rural areas throughout the country
•Contributes to about 75% of the total deposits
•Contributes about 70% of total advances of all commercial banks in India.
•Most have a very large branch network spread over all parts of the country
•Have a Large deposits and assets base
•Perform all kinds of core and modern banking functions
SCHEDULED BANKS:

•These are banks which are listed in the second schedule of the Reserve Bank of India Act, 1934
•These banks are required to maintain certain amounts with RBI and, in return, they enjoy the facility of
financial accommodation and remittance facilities at concessionary rates from RBI
•State Co-operative Banks
•Commercial Banks

The banking system plays an important role in promoting economic growth not only by channeling
savings into investments but also by improving allocative efficiency of resources. The recent empirical
evidence, in fact, suggests that banking system contributes to economic growth more by improving the
allocative efficiency of resources than by channeling of resources from savers to investors. An efficient
banking system is now regarded as a necessary pre-condition for growth.

The banking system of India consists of the central bank (Reserve Bank of India - RBI), commercial

banks, cooperative banks and development banks (development finance institutions). These
institutions, which provide a meeting ground for the savers and the investors, form the core of India ’s
financial sector. Through mobilization of resources and their better allocation, banks play an important

role in the development process of underdeveloped countries.

Structure of Organised Indian Banking System:
The organised banking system in India can be classified as given below:

Reserve Bank of India (RBI):

The country had no central bank prior to the establishment of the RBI. The RBI is the supreme

monetary and banking authority in the country and controls the banking system in India. It is called the

Reserve Bank’ as it keeps the reserves of all commercial banks.

Commercial Banks:
Commercial banks mobilise savings of general public and make them available to large and small
industrial and trading units mainly for working capital requirements.
Commercial banks in India are largely Indian-public sector and private sector with a few foreign banks.

The public sector banks account for more than 92 percent of the entire banking business in India—

occupying a dominant position in the commercial banking. The State Bank of India and its 7 associate

banks along with another 19 banks are the public sector banks.

Scheduled and Non-Scheduled Banks:

The scheduled banks are those which are enshrined in the second schedule of the RBI Act, 1934.

These banks have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakhs,

hey have to satisfy the RBI that their affairs are carried out in the interest of their depositors.

All commercial banks (Indian and foreign), regional rural banks, and state cooperative banks are

scheduled banks. Non- scheduled banks are those which are not included in the second schedule of

the RBI Act, 1934. At present these are only three such banks in the country.
Regional Rural Banks:
The Regional Rural Banks (RRBs) the newest form of banks, came into existence in the middle of
1970s (sponsored by individual nationalised commercial banks) with the objective of developing rural
economy by providing credit and deposit facilities for agriculture and other productive activities of al
kinds in rural areas.

The emphasis is on providing such facilities to small and marginal farmers, agricultural labourers, rural

artisans and other small entrepreneurs in rural areas.

Other special features of these banks are:

(i) their area of operation is limited to a specified region, comprising one or more districts in any state;

(ii) their lending rates cannot be higher than the prevailing lending rates of cooperative credit societies

in any particular state; (iii) the paid-up capital of each rural bank is Rs. 25 lakh, 50 percent of which has

been contributed by the Central Government, 15 percent by State Government and 35 percent by

sponsoring public sector commercial banks which are also responsible for actual setting up of the

RRBs.
These banks are helped by higher-level agencies: the sponsoring banks lend them funds and advise
and train their senior staff, the NABARD (National Bank for Agriculture and Rural Development) gives
them short-term and medium, term loans: the RBI has kept CRR (Cash Reserve Requirements) of them
at 3% and SLR (Statutory Liquidity Requirement) at 25% of their total net liabilities, whereas for other
commercial banks the required minimum ratios have been varied over time.
Cooperative Banks:
Cooperative banks are so-called because they are organised under the provisions of the Cooperative
Credit Societies Act of the states. The major beneficiary of the Cooperative Banking is the agricultural
sector in particular and the rural sector in general.
 The cooperative credit institutions operating in the country are mainly of two kinds: agricultural
(dominant) and non-agricultural. There are two separate cooperative agencies for the provision of
agricultural credit: one for short and medium-term credit, and the other for long-term credit. The former
has three tier and federal structure.
At the apex is the State Co-operative Bank (SCB) (cooperation being a state subject in India), at the
intermediate (district) level are the Central Cooperative Banks (CCBs) and at the village level are
Primary Agricultural Credit Societies (PACs).
Long-term agriculture credit is provided by the Land Development Banks. The funds of the RBI meant
for the agriculture sector actually pass through SCBs and CCBs. Originally based in rural sector, the
cooperative credit movement has now spread to urban areas also and there are many urban
cooperative banks coming under SCBs.

4)

Structure of the Indian Banking System

Reserve Bank of India is the central bank of the country and regulates the banking system of India. The

structure of the banking system of India can be broadly divided into scheduled banks, non-scheduled

banks and development banks.

Banks that are included in the second schedule of the Reserve Bank of India Act, 1934 are considered

to be scheduled banks. 

All scheduled banks enjoy the following facilities:

• Such a bank becomes eligible for debts/loans on bank rate from the RBI
• Such a bank automatically acquires the membership of a clearing house.
All banks which are not included in the second section of the Reserve Bank of India Act, 1934 are Non-

scheduled Banks. They are not eligible to borrow from the RBI for normal banking purposes except for

emergencies.

Scheduled banks are further divided into commercial and cooperative banks.
 Scheduled, Non-Scheduled Banks and Development Banks

Commercial Banks
The institutions that accept deposits from the general public and advance loans with the purpose of

earning profits are known as Commercial Banks.

Commercial banks can be broadly divided into public sector, private sector, foreign banks and RRBs.

•  In Public Sector Banks the majority stake is held by the government. After the recent amalgamation of
smaller banks with larger banks, there are 12 public sector banks in India as of now. An example of
Public Sector Bank is State Bank of India.
• Private Sector Banks are banks where the major stakes in the equity are owned by private stakeholders
or business houses. A few major private sector banks in India are HDFC Bank, Kotak Mahindra Bank,
ICICI Bank etc.
• A Foreign Bank is a bank that has its headquarters outside the country but runs its offices as a private
entity at any other location outside the country. Such banks are under an obligation to operate under
the regulations provided by the central bank of the country as well as the rule prescribed by the parent
organization located outside India. An example of Foreign Bank in India is Citi Bank.
•  Regional Rural Banks were established under the Regional Rural Banks Ordinance, 1975 with the aim
of ensuring sufficient institutional credit for agriculture and other rural sectors. The area of operation of
RRBs is limited to the area notified by the Government. RRBs are owned jointly by the Government of
India, the State Government and Sponsor Banks. An example of RRB in India is Arunachal Pradesh
Rural Bank.
Cooperative Banks

A Cooperative Bank is a financial entity that belongs to its members, who are also the owners as well
as the customers of their bank. They provide their members with numerous banking and financial
services. Cooperative banks are the primary supporters of agricultural activities, some small-scale
industries and self-employed workers. An example of a Cooperative Bank in India is Mehsana Urban
Co-operative Bank.

At the ground level, individuals come together to form a Credit Co-operative Society. The individuals in

the society include an association of borrowers and non-borrowers residing in a particular locality and
 taking interest in the business affairs of one another. As membership is practically open to all

inhabitants of a locality, people of different status are brought together into the common organization.

All the societies in an area come together to form a Central Co-operative Banks.

Cooperative banks are further divided into two categories - urban and rural.

• Rural cooperative Banks are either short-term or long-term.

• Short-term cooperative banks can be subdivided into State Co-operative Banks, District Central Co-
operative Banks, Primary Agricultural Credit Societies.
• Long-term banks are either State Cooperative Agriculture and Rural Development Banks (SCARDBs)
or Primary Cooperative Agriculture and Rural Development Banks (PCARDBs).
• Urban Co-operative Banks (UCBs) refer to primary cooperative banks located in urban and semi-urban
areas.
Development Banks

Financial institutions that provide long-term credit in order to support capital-intensive investments
spread over a long period and yielding low rates of return with considerable social benefits are known
as Development Banks. The major development banks in India are; Industrial Finance Corporation of
India (IFCI Ltd), 1948, Industrial Development Bank of India' (IDBI) 1964, Export-Import Banks of India
(EXIM) 1982, Small Industries Development Bank Of India (SIDBI) 1989, National Bank for Agriculture
and Rural Development (NABARD) 1982.

The banking system of a country has the capability to heavily influence the development of a country ’s

economy. It is also instrumental in the development of rural and suburban regions of a country as it

provides capital for small businesses and helps them to grow their business. The organized financial

system comprises Commercial Banks, Regional Rural Banks (RRBs), Urban Co-operative Banks

(UCBs), Primary Agricultural Credit Societies (PACS) etc. caters to the financial service requirement of

the people. The initiatives taken by the Reserve Bank and the Government of India in order to promote

financial inclusion have considerably improved the access to the formal financial institutions. Thus, the

banking system of a country is very significant not only for economic growth but also for promoting

economic equality.

5)

Types of commercial banks in India

Scheduled Banks:- Banks that have been included in the Second Schedule of RBI Act,1934;
categorized as follows:-
1. Private Sector Banks:- Majority of stake is held by private individuals. Examples of Private banks are;
HDFC Bank, ICICI Bank, and AXIS Bank, etc.
2. Public Sector Banks:- Majority of stake is held by the government. Examples of Public Sector Banks
are; Punjab National Bank, state bank of India and Central Bank of India, etc.
3. Foreign Banks:- These are the banks with Head office outside the country in which they are located.
Examples of Foreign Sector Banks are; Standard Chartered Bank, American Express, and Citi Bank
etc.
List of Public Sector Banks in India 2020

Bank Name Establishment Headquarter

1. Bank of Baroda 1908 Vadodara, Gujarat
2. Bank of India 1906 Mumbai, Maharashtra
3. Bank of Maharashtra 1935 Pune, Maharashtra
4. Canara Bank 1906 Bengaluru, Karnataka
5. Central Bank of India 1911 Mumbai, Maharashtra
6.Indian Bank 1907 Chennai, Tamil Nadu
7.Indian Overseas Bank 1937 Chennai, Tamil Nadu
8. Punjab and Sind Bank 1908 New Delhi, Delhi
9.Punjab National Bank 1894 New Delhi, Delhi
10.State Bank of India 1955 Mumbai, Maharashtra
11.UCO Bank 1943 Kolkata, West Bengal
12.Union Bank of India 1919 Mumbai, Maharashtra
List of Private Sector Banks 2020
Bank name Establishment Headquarter
1. Axis Bank 1993 Mumbai, Maharashtra
2. Bandhan Bank 2015 Kolkata, West Bengal
3.CSB Bank 1920 Thrissur, Kerala
4. City Union Bank 1904 Thanjavur, Tamil Nadu
5.DCB Bank 1930 Mumbai, Maharashtra
6. Dhanlaxmi Bank 1927 Thrissur, Kerala
7. Federal Bank 1931 Aluva, Kerala
8. HDFC Bank 1994 Mumbai, Maharashtra
9. ICICI Bank 1994 Mumbai, Maharashtra
10. IndusInd Bank 1964 Mumbai, Maharashtra
11. IDFC FIRST Bank 2015 Mumbai, Maharashtra
12. Jammu & Kashmir Bank 1938 Srinagar, Jammu and Kashmir
13. Karnataka Bank 1924 Mangaluru, Karnataka
14. Karur Vysya Bank 1916 Karur, Tamil Nadu
15. Kotak Mahindra Bank 2003 Mumbai, Maharashtra
16. Lakshmi Vilas Bank 1926 Chennai, Tamil Nadu
17. Nainital bank 1922 Nainital, Uttarakhand
18. RBL Bank 1943 Mumbai, Maharashtra
19. South Indian Bank 1929 Thrissur, Kerala
20. Tamilnad Mercantile Bank 1921 Thoothukudi, Tamil Nadu
21. YES Bank 2004 Mumbai, Maharashtra
22. IDBI Bank 1964 Mumbai, Maharashtra

6)

Private Sector Banks refer to those banks where most of the capital is in private hands. In India, there
are two types of private sector banks viz. Old Private Sector Banks and New Private Sector Banks. Old
private sector banks are those which existed in India at the time of nationalization of major banks but
were not nationalized due to their small size or some other reason. After the banking reforms, these
banks got license to continue and have existed in India along with new private banks and government
banks.

Old Private Banks

At present, there are 12 old private sector banks in India as follows:

1.Catholic Syrian Bank
2.City Union Bank
3.Dhanlaxmi Bank
4.Federal Bank
5.Jammu and Kashmir Bank
6.Karnataka Bank
7.Karur Vysya Bank
8.Lakshmi Vilas Bank
9.Nainital Bank
10.Ratnakar Bank
11.South Indian Bank
12.Tamilnad Mercantile Bank
Among the above, Nainital Bank is a subsidiary of the Bank of Baroda, which has 98.57% stake in it.

Defunct Private Banks

Some other old generation private sector banks in India have merged with other banks. For example,
Lord Krishna Bank merged with Centurion Bank of Punjab in 2007; Sangli Bank merged with ICICI
Bank in 2006; Centurion Bank of Punjab merged with HDFC in 2008.More recently, in 2016, the ING
Vysya Bank merged with Kotak Mahindra Bank, creating the fourth largest private sector bank in India.
New Private Sector Banks in India
The new private sector banks were incorporated as per the revised guidelines issued by the RBI
regarding the entry of private sector banks in 1993. At present, there are nine new private sector banks
as follows:
1.Axis Bank
2.Development Credit Bank (DCB Bank Ltd)
3.HDFC Bank
4.ICICI Bank
5.IndusInd Bank
6.Kotak Mahindra Bank
7.Yes Bank
8.IDFC
9.Bandhan Bank of Bandhan Financial Services.

Basic Details About Banking in India: List of all Public and Private Sector Banks in India

In India, the Reserve Bank of India(RBI) is having the highest baking regulator authority and it was
formed under the act of RBI Act, 1934. Banks in India are mostly divided into two groups, ie.,
Scheduled Banks and Non-Scheduled Banks. Based on the ownership, commercial banks are
classified into two groups i.e. Private Sector Banks and Public Sector Banks, also it has classified into
two other groups ie., Regional Rural Bank and Foreign Bank. However, you will get to see the list of
PSU and Private Banks in India 2020 from the further sections.

7)

Banks in India are divided into four categories. They are as under

Commercial Banks

1.Small Finance Banks

2.Payments Banks
3.Co-operative Banks
 Types of Commercial Banks in India

Scheduled Banks that have been involved in the Second Schedule of RBI Act,1934 are categorized into
four types of banks. They are as follows;

1. Private Sector Banks: The majority of the stake is maintained by private individuals. Examples of
Private banks are HDFC Bank, ICICI Bank, and AXIS Bank, etc.

2. Public Sector Banks: The bulk of the stake is maintained by the government. Examples of Public
Sector Banks are Punjab National Bank, state bank of India and Central Bank of India, etc.

3. Regional Rural Banks (RRB): The Regional Rural Banks were owned by the Central Government,
the State Government, and the Sponsor Bank. Examples of RRBs are Andhra Pradesh Grameena
Vikas Bank, Mizoram Rural Bank, etc.

4 . Foreign Banks: The list of foreign banks head offices are located outside the country. Examples

of Foreign Sector Banks are Standard Chartered Bank, American Express, and Citi Bank, etc.

Here is the list of all private sector banks and public sector banks (PSU) in India in 2020, we have
collected from various sources. Check them out before you apply for any bank accounts in the nearest
banks India.