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Commercial Banks in India

Commercial Banks in India are broadly categorized into Scheduled Commercial Banks and Unscheduled Commercial Banks. The Scheduled Commercial Banks have been listed under the Second Schedule of the Reserve Bank of India Act, 1934. The selection measure for listing a bank under the Second Schedule was provided in section 42 (60 of the Reserve Bank of India Act, 1934.

Activities of Commercial Banks

The modern Commercial Banks in India cater to the financial needs of different sectors. The main functions of the commercial banks comprise:

  • transfer of funds
  • acceptance of deposits
  • offering those deposits as loans for the establishment of industries
  • purchase of houses, equipments, capital investment purposes etc.
  • The banks are allowed to act as trustees. On account of the knowledge of the financial market of India the financial companies are attracted towards them to act as trustees to take the responsibility of the security for the financial instrument like a debenture.
  • The Indian Government presently hires the commercial banks for various purposes like tax collection and refunds, payment of pensions etc.

List of Commercial Banks in India



SBI & Associates:

  • State Bank of India
  • State Bank of Bikaner & Jaipur
  • State Bank of Hyderabad
  • State Bank of Indore
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Travancore
Nationalised Banks:

  • Allahabad Bank
  • Andhra Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • Dena Bank
  • IDBI Bank Ltd.
  • Indian Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab & Sind Bank
  • Punjab National Bank
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank
Foreign Banks:

  • ABN Amro Bank
  • Abu Dhabi Commercial Bank
  • American Express Banking Corporation
  • Antwerp Diamond Bank
  • AB Bank
  • Bank International Indonesia
  • Bank of America
  • Bank of Bahrain & Kuwait
  • Bank of Ceylon
  • Bank of Nova Scotia
  • Bank of Tokyo Mitsubishi UFJ
  • Barclays Bank
  • BNP Paribas
  • Calyon Bank
  • Chinatrust Commercial Bank
  • Citibank
  • DBS Bank
  • Deutsche Bank
  • Hongkong & Shanghai Banking Corporation
  • JP Morgan Chase Bank
  • JSC VTB Bank
  • Krung Thai Bank
  • Mashreq Bank
  • Mizuho Corporate Bank
  • Oman International Bank
  • Shinhan Bank
  • Societe Generale
  • Sonali Bank
  • Standard Chartered Bank
  • State Bank of Mauritius
  • UBS AG
Other Scheduled Commercial Banks:
  • Axis Bank
  • Bank of Rajasthan
  • Catholic Syrian Bank
  • City Union Bank
  • Development Credit Bank
  • Dhanalakshmi Bank
  • Federal Bank
  • HDFC Bank
  • ICICI Bank
  • IndusInd Bank
  • ING Vysya Bank
  • Jammu & Kashmir Bank
  • Karnataka Bank
  • Karur Vysya Bank
  • Kotak Mahindra Bank
  • Lakshmi Vilas Bank
  • Nainital Bank
  • Ratnakar Bank
  • SBI Commercial & International Bank
  • South Indian Bank
  • Tamilnad Mercantile Bank
  • Yes Bank


Banks in India