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Banks in India


Banking Overview
The major participants of  the Indian financial system are the commercial banks, the financial institutions (FIs), encompassing term-lending institutions, investment institutions, specialized financial institutions and the state-level development banks, Non-Bank Financial Companies (NBFCs) and other market intermediaries such as the stock brokers and money-lenders. The commercial banks and certain variants of NBFCs are among the oldest of the market participants. The FIs, on the other hand, are relatively new entities in the financial market place.

Historical perspective

Bank of Hindustan, set up in 1870, was the earliest Indian Bank . Banking in India on modern lines started with the establishment of three presidency banks under Presidency Bank's act 1876 i.e. Bank of Calcutta, Bank of Bombay and Bank of Madras. In 1921, all presidency banks were amalgamated to form the Imperial Bank of India. Imperial bank carried out limited central banking functions also prior to establishment of RBI. It engaged in all types of commercial banking business except dealing in foreign exchange.

Resrve Bank of India Act was passed in 1934 & Reserve Bank of India (RBI) was constituted as an apex bank without major government ownership. Banking Regulations Act was passed in 1949. This regulation brought Reserve Bank of India under government control. Under the act, RBI got wide ranging powers for supervision & control of banks. The Act also vested licensing powers & the authority to conduct inspections in RBI. 
In 1955, RBI acquired control of the 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, making them as its 100% subsidiaries.

RBI was empowered in 1960, to force compulsory merger of weak banks with the strong ones. The total number of banks was thus reduced from 566 in 1951 to 85 in 1969. In July 1969, government nationalised 14 banks having deposits of Rs.50 crores & above. In 1980, government acquired 6 more banks with deposits of more than Rs.200 crores. Nationalisation of banks was to make them play the role of catalytic agents for economic growth. The Narsimham Committee report suggested wide ranging reforms for the banking sector in 1992 to introduce internationally accepted banking practices.

The amendment of Banking Regulation Act in 1993 saw the entry of new private sector banks.

Banking Segment in India functions under the umbrella of Reserve Bank of India - the regulatory, central bank. 
This segment broadly consists of:-
1. Commercial Banks 
The commercial banking structure in India consists of:


  • Scheduled Commercial Banks
  • Unscheduled Banks


Scheduled commercial Banks constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.

RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (60 of the Act. Some co-operative banks are scheduled commercial banks albeit not all co-operative banks are. Being a part of the second schedule confers some benefits to the bank in terms of access to accomodation by RBI during the times of liquidity constraints. At the same time, however, this status also subjects the bank certain conditions and obligation towards the reserve regulations of RBI.

For the purpose of assessment of performance of banks, the Reserve Bank of India categorise them as public sector banks, old private sector banks, new private sector banks and foreign banks. 


2.
 Co-operative Banks
 
There are two main categories of the co-operative banks.

(a)
short term lending oriented co-operative Banks - within this category there are three sub categories of banks viz state co-operative banks, District co-operative banks and Primary Agricultural co-operative societies.

(b)
long term lending oriented co-operative Banks - within the second category there are land development banks at three levels state level, district level and village level. 

The co-operative banking structure in India is divided into following main 5 categories : 


1. Primary Urban Co-op Banks:

2. Primary Agricultural Credit Societies:

3. District Central Co-op Banks:

4, State Co-operative Banks:

5. Land Development Banks:
List of Indian Banks, other than co-operative banks:
Public Sector Banks:-There are total 27 public sector banks in India (As on 26-09-2009) which includes 19 are nationalised banks, 6 (STATE BANK OF INDORE ALSO MERGED RECENTLY) belong to SBI & associates group and 1 bank (IDBI Bank) is classified as other public sector bank.
List of Nationalised Banks in India:-
Allahabad Bank – Started operations in 1865, now has its Headquarters in Kolkata with 2260 branches across the India.
* Andhra Bank – Started operations in 1923, now has its Headquarters in Hyderabad with 1186 branches across the India.
* Bank of Baroda – Started operations in 1908, now has its Headquarters in Mumbai with 3095 branches across the India.
* Bank of India – Started operations in 1906, now has its Headquarters in Mumbai with 3140 branches across the India.
* Bank of Maharashtra – Started operations in 1935, now has its Headquarters in Pune with 1375 branches across the India.
* Canara Bank – Started operations in 1906, now has its Headquarters in Bangalore with 2861 branches across the India.
* Central Bank of India – Started operations in 1911, now has its Headquarters in Mumbai with 3168 branches across the India.
* Corporation Bank – Started operations in 1906, now has its Headquarters in Mangalore with 2086 branches across the India.
Dena Bank – Started operations in 1938, now has its Headquarters in Mumbai with 240 branches across the India.
* Indian Bank – Started operations in 1907, now has its Headquarters in Chennai with 1657 branches across the India.
Indian Overseas Bank – Started operations in 1937, now has its Headquarters in Chennai with 1950 branches across the India.
* Oriental Bank of Commerce – Started operations in 1943, now has its Headquarters in New Delhi with 530 branches across the India.
Punjab & Sind Bank – Started operations in 1908, now has its Headquarters in New Delhi with 917 branches across the India.
Punjab National Bank – Started operations in 1895, now has its Headquarters in New Delhi with 4904 branches across the India.
* Syndicate Bank – Started operations in 1925, now has its Headquarters in Manipal with 2125 branches across the India.
* UCO Bank – Started operations in 1943, now has its Headquarters in Kolkata with 2079 branches across the India.
* Union Bank of India – Started operations in 1919, now has its Headquarters in Mumbai with 2261 branches across the India.
* United Bank of India – Started operations in 1950, now has its Headquarters in Kolkata with 1453 branches across the India.
* Vijaya Bank – Started operations in 1931, now has its Headquarters in Mangalore with 1101 branches across the India.
SBI & associates
* State Bank of India (State Bank of Saurastra merged with SBI in the year 2008 and State Bank of Indore By March 2010)
* State Bank of Hyderabad
* State Bank of Mysore
* State Bank of Patiala
* State Bank of Travancore
* State Bank of Bikaner and Jaipur
Other Public Sector Banks in India
IDBI Bank Ltd

Private Banks in India
Axis Bank – Started operations in 1994, now has its Headquarters in Mumbai with 925 branches across the India.
* Bank of Rajasthan – Started operations in 1943, now has its Headquarters in Udaipur with 463 branches across the India.
* Catholic Syrian Bank – Started operations in 1920, now has its Headquarters in Thrissur, Kerala with 363 branches across the India.
* City Union Bank – Started operations in 1904, now has its Headquarters in Kumbakonam with 222 branches across the India.
Development Credit Bank – Started operations in 1995, now has its Headquarters in Mumbai with 80 branches across the India.
Dhanalakshmi Bank – Started operations in 1927, now has its Headquarters in Thrissur, Kerala with 181 branches across the India.
* Federal Bank – Started operations in 1945, now has its Headquarters in Aluva, Kerala with 671 branches across the India.
* HDFC Bank – Started operations in 1994, now has its Headquarters in Mumbai with 1412 branches across the India.
ICICI Bank – Started operations in 1955, now has its Headquarters in Mumbai with 1640 branches across the India.
IndusInd Bank – Started operations in 1994, now has its Headquarters in Mumbai with 180 branches across the India.
ING Vysya Bank – Started operations in 1930, now has its Headquarters in Bangalore with 441 branches across the India.
* Jammu & Kashmir Bank – Started operations in 1938, now has its Headquarters in Srinagar with 577 branches across the India.
* Karnataka Bank – Started operations in 1924, now has its Headquarters in Mangalore with 436 branches across the India.
* Karur Vysya Bank – Started operations in 1916, now has its Headquarters in Karur, Tamil Nadu with 300 branches across the India.
* Kotak Mahindra Bank – Started operations in 1985, now has its Headquarters in Mumbai with around 180 branches across the India.
* Laxmi Vilas Bank – Started operations in 1926, now has its Headquarters in Tamil Nadu with 270 branches across the India.
* Nainital Bank Ltd – Has its Headquarters in Nainital with 92 branches across the India.
* Ratnakar Bank – Started operations in 1943, now has its Headquarters in Kolhapur with 64 branches across the India.
* SBI Commercial and International Bank – Headquarters in Mumbai, India.
South Indian Bank Ltd – Started operations in 1929, now has its Headquarters in Thrissur, Kerala with 575 branches across the India.
* Tamil Nadu Mercantile Bank – Started operations in 1921, now has its Headquarters in Tuticorin, Tamil Nadu with 216 branches across the India.
Yes Bank – Started operations in 2003, now has its Headquarters in Mumbai with 132 branches across the India.
Scheduled Urban Co-operative Banks


  1. * Ahmedabad Mercantile Co-Op Bank Ltd.
  2. * Kalupur Commercial Coop.Bank Ltd.
  3. * Madhavpura Mercantile Co-Op Bank Ltd.
  4. * Mehsana Urban Co-Op Bank Ltd.
  5. * Nutan Nagarik Sahakari Bank Ltd.
  6. * Rajkot Nagrik Sahakari Bank Ltd.
  7. * Sardar Bhiladwala Pardi Peoples Coop Bank Ltd.
  8. * Surat Peoples Coop Bank Ltd.
  9. * Amanath Co-operative Bank Ltd.
  10. * Andhra Pradesh Mahesh Co-Op Urban Bank Ltd.
  11. * Charminar Coop.Urban Bank Ltd.
  12. * Vasavi Coop Urban Bank LImited.
  13. * Indian Mercantile Co-op Bank Ltd.
  14. * Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd.
  15. * Abhyudaya Co-operative Bank Ltd.
  16. * Bangalore city cooperative bank.
  17. * Bassein Catholic Co-operative Bank Limited.
  18. * Bharat Co-operative Bank (Mumbai) Ltd.
  19. * Bharati Sahakari Bank Limited.
  20. * Bombay Mercantile Co-operative Bank Limited.
  21. * Citizen Credit Co-operative Bank Ltd.
  22. * Cosmos Co-operative Urban Bank Ltd.
  23. * Dombivli Nagari Sahakari Bank Ltd.
  24. * Goa Urban Co-operative Bank Limited.
  25. * Greater Bombay Co-operative Bank Limited.
  26. * Jalgaon Janata Sahakari Bank Ltd.
  27. * Janakalyan Sahakari Bank Ltd.
  28. * Janalaxmi Co-operative Bank Ltd.
  29. * Janata Sahakari Bank Ltd.
  30. * The Karnataka State Co-Operative Apex Bank Ltd
  31. * Kalyan Janata Sahakari Bank Ltd.
  32. * Karad Urban Co-operative Bank Ltd.
  33. * Mahanagar Co-operative Bank Ltd.
  34. * Mapusa Urban Co-operative Bank of Goa Ltd.
  35. * Nagar Urban Co-operative Bank Ltd.
  36. * Nasik Merchant’s Co-operative Bank Ltd.
  37. * New India Co-operative Bank Ltd.
  38. * NKGSB Co-operative Bank Ltd.
  39. * Parsik Janata Sahakari Bank Ltd.
  40. * Pravara Sahakari Bank Ltd.
  41. * Punjab & Maharashtra Co-operative Bank Ltd.
  42. * Rupee Co-operative Bank Ltd.
  43. * Sangli Urban Co-operative Bank Ltd.
  44. * Saraswat Co-operative Bank Ltd.
  45. * Shamrao Vithal Co-operative Bank Ltd.
  46. * Solapur Janata Sahakari Bank Ltd.
  47. * Thane Bharat Sahakari Bank Ltd.
  48. * Thane Janata Sahakari Bank Ltd.
  49. * The Kapol Co-operative Bank Ltd.
  50. * Zoroastrian Co-operative Bank Ltd.
  51. * Nagpur Nagrik Sahakari Bank Ltd.
  52. * Shikshak Sahakari Bank Ltd.
  53. * The Akola Janata Com.Co-operative Bank Ltd.
  54. * The Akola Urban Co-operative Bank Ltd.
  55. * The Khamgaon Urban Co-operative Bank Ltd.
  56. * Cuttack Gramya Bank.
  57. Foreign Banks with branches in India
  58. * ABN AMRO Bank
  59. * Abu Dhabi Commercial Bank Ltd
  60. * American Express Bank
  61. * Antwerp Diamond Bank
  62. * Arab Bangladesh Bank
  63. * Bank International Indonesia
  64. * Bank of America
  65. * Bank of Bahrain & Kuwait
  66. * Bank of Ceylon
  67. * Bank of Nova Scotia
  68. * Bank of Tokyo Mitsubishi UFJ
  69. * Barclays Bank
  70. * BNP Paribas
  71. * Calyon Bank
  72. * ChinaTrust Commercial Bank
  73. * Citibank
  74. * DBS Bank
  75. * Deutsche Bank
  76. HSBC (Hongkong & Shanghai Banking Corporation)
  77. * JP Morgan Chase Bank
  78. * Krung Thai Bank
  79. * Mashreq Bank
  80. * Mizuho Corporate Bank
  81. * Oman International Bank
  82. * Shinhan Bank
  83. * Sonali Bank
  84. * Standard Chartered Bank
  85. * State Bank of Mauritius
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