Banks In India
In India, Central banking is the responsibility of the Reserve Bank of India, which governs Banks In India. The oldest bank in existence in India is the State Bank of India. In 1935, Reserve Bank of India formally took over these responsibilities from the then Imperial Bank of India, relegating it to commercial banking functions. After India’s independence in 1947, the Reserve Bank was nationalized and given broader powers. In 1969 the government nationalized the 14 largest commercial banks; the government nationalized the six next largest in 1980.
Currently, India has 88 scheduled commercial banks (SCBs) – 27 public sector banks (that is with the Government of India holding a stake), 31 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 38 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs. According to a report by ICRA Limited, a rating agency, the public sector banks hold over 75 percent of total assets of the banking industry, with the private and foreign banks holding 18.2% and 6.5% respectively.
The following is the list of Commercial Banks in India (including Public Sector Banks, Private Sector Banks and Foreign Banks) and their respective websites:
·ABN AMRO Bank N.V.
·Abu Dhabi Commercial Bank Ltd.
·American Express Bank Ltd.
·Arab Bangladesh Bank Limited
·Allahabad Bank
·Andhra Bank
·Antwerp Diamond Bank N.V.
·Bank Internasional Indonesia
·Bank of America N.A.
·Bank of Bahrain & Kuwait BSC
·Barclays Bank Plc
·BNP PARIBAS
·Bank of Ceylon
·Bharat Overseas Bank Ltd.
·Bank of Baroda
·Bank of India
·Bank of Maharashtra
·Canara Bank
·Central Bank of India
·Calyon Bank
·Citibank N.A.
·Cho Hung Bank
·Chinatrust Commercial Bank Ltd.
·Centurion Bank of Punjab Limited (Now merged with HDFC Bank).
·City Union Bank Ltd.
·Coastal Local Area Bank Ltd.
·Corporation Bank
·Catholic Syrian Bank Ltd.
·Deutsche Bank AG
·Development Credit Bank Ltd.
·Dena Bank
·IndusInd Bank Limited
·ICICI Bank
·IDBI Bank Limited
·Indian Bank
·Indian Overseas Bank
·Industrial Development Bank of India
·ING Vysya Bank
·J P Morgan Chase Bank National Association
·Krung Thai Bank Public Company Limited
·Kotak Mahindra Bank Limited
·Karnataka Bank
·Karur Vysya Bank Limited.
·Lord Krishna Bank (Merged with Centurion bank which was later acquired by HDFC bank).
·Mashreqbank psc
·Mizuho Corporate Bank Ltd.
·Oman International Bank S A O G
·Oriental Bank of Commerce
·Punjab & Sind Bank
·Punjab National Bank
·Societe Generale
·Sonali Bank
·Standard Chartered Bank
·State Bank of Mauritius Ltd.
·SBI Commercial and International Bank Ltd.
·State Bank of Bikaner and Jaipur
·State Bank of Hyderabad
·State Bank of India
·State Bank of Indore
·State Bank of Mysore
·State Bank of Patiala
·State Bank of Saurashtra
·State Bank of Travancore
·Syndicate Bank
·The Bank of Nova Scotia
·The Bank of Tokyo-Mitsubishi Ltd.
·The Development Bank of Singapore Ltd. (DBS Bank Ltd.)
·The Hongkong & Shanghai Banking Corporation Ltd.
·Tamilnad Mercantile Bank Ltd.
·The Bank of Rajasthan Limited (Now merged with ICICI Bank.
·The Dhanalakshmi Bank Limited.
·The Federal Bank Ltd.
·The HDFC Bank Ltd.
·The Jammu & Kashmir Bank Ltd.
·The Nainital Bank Ltd.
·The Sangli Bank Ltd.
·The South Indian Bank Ltd.
·The Ratnakar Bank Ltd.
·The Lakshmi Vilas Bank Ltd
·UCO Bank
·UTI Bank Ltd. (now known as Axis Bank).
·Union Bank of India
·United Bank Of India
·Vijaya Bank
·Yes Bank
