Complete List of Banks in India 2025

Categories of Banks in India

1. Public Sector Banks (PSBs)

These are banks where the majority stake is held by the Government of India. As of 2025, there are 12 PSBs:

1. State Bank of India (SBI)
2. Bank of Baroda
3. Punjab National Bank
4. Canara Bank
5. Union Bank of India
6. Bank of India
7. Indian Bank
8. Central Bank of India
9. Indian Overseas Bank
10. UCO Bank
11. Bank of Maharashtra
12. Punjab & Sind Bank

2. Private Sector Banks

These banks are owned by private entities or individuals. There are 21 private sector banks in India, including:

1. HDFC Bank
2. ICICI Bank
3. Axis Bank
4. Kotak Mahindra Bank
5. IndusInd Bank
6. Yes Bank
7. IDFC FIRST Bank
8. Federal Bank
9. RBL Bank
10. South Indian Bank
11. Bandhan Bank
12. DCB Bank
13. City Union Bank
14. Karnataka Bank
15. Karur Vysya Bank
16. Tamilnad Mercantile Bank
17. CSB Bank
18. Dhanlaxmi Bank
19. Nainital Bank
20. Lakshmi Vilas Bank
21. Jammu & Kashmir Bank

3. Foreign Banks

India hosts 44 foreign banks operating through branches or representative offices. Some notable ones include:

1. Citibank
2. HSBC
3. Standard Chartered
4. Deutsche Bank
5. Barclays Bank
6. DBS Bank
7. Bank of America
8. JPMorgan Chase

4. Small Finance Banks (SFBs)

These banks aim to provide financial inclusion to underserved sections. There are 11 SFBs, including:

1. AU Small Finance Bank
2. Equitas Small Finance Bank
3. Ujjivan Small Finance Bank
4. Jana Small Finance Bank
5. Suryoday Small Finance Bank
6. ESAF Small Finance Bank
7. Fincare Small Finance Bank

5. Payments Banks

Focused on digital and low-value banking, there are 5 payments banks:

1. Airtel Payments Bank
2. India Post Payments Bank
3. Paytm Payments Bank
4. Fino Payments Bank
5. NSDL Payments Bank

6. Regional Rural Banks (RRBs)

There are 28 RRBs in India, jointly owned by the Central Government, State Government, and a sponsor bank. Examples include:

1. Andhra Pradesh Grameena Vikas Bank
2. Baroda UP Bank
3. Kerala Gramin Bank
4. Karnataka Gramin Bank

7. Cooperative Banks

These banks operate on a cooperative basis and are regulated by both the RBI and state governments. They serve rural and semi-urban areas.

8. Local Area Banks (LABs)

There are 2 LABs in India, catering to local banking needs in specific regions.

Why Is This List Important?

  Understanding India's banking ecosystem helps:

✅ Investors: Make informed financial decisions.

✅ Job Seekers: Find employment opportunities in banking.

✅ Students & Researchers: Study India's financial landscape.

✅ Consumers: Choose the right bank for loans, savings, and investments.  

Final Thoughts

India’s banking sector is dynamic and evolving, playing a critical role in economic growth, financial inclusion, and technological advancement. Whether you are looking for a banking partner, investment opportunities, or career prospects, knowing the types of banks and their functions empowers you to make informed decisions.