In the big countries like India, there are several banks operating into different categories. Each type or category of bank has its own functionalities and operations. In India, there are several private banks and nationalized banks are running for people’s bank related activities. The RBI (Reserve Bank of India) has the highest banking regulator authority in India which regulates the monetary policies in India. In this article, you’ll have the complete list of private banks India in 2021.

In this post, you’ll get answers for what is a private bank and list of private banks in India? How many branches does each private bank have?

Private Sector Banks in India

In private sector banks, the majority of the stake is maintained and managed by the private individuals. The top examples of private sector banks in India are HDFC Bank, IndusInd Bank, Axis Bank, ICICI Bank, etc.

Indian private sector banks are divided into two types. Those are,

  • Old Private Sector Banks which emerged before 1968.
  • New Private Sector Banks that emerged after 1968

The new private sector banks are bigger in size compared to the old private sector banks. You’ll read the current list of private banks India in 2021.

How many private banks are running in India?

Currently, there are 22 private banks in India operating and here is the complete list of private bank names in India.

List of Private Banks India
List of Private Banks India

List of Private Banks India in 2021

Below is the current private bank name list in India. We have collected this information from many sources on the internet.

List of Private Banks Established Year Number of Branches Number of ATMs Headquarter
Axis Bank 1993 4094 17315 Mumbai
Bandhan Bank 2015 1000 485 Kolkata, West Bengal
Catholic Syrian Bank 1920 426 290 Thrissur, Kerala
City Union Bank 1904 600 1724 Thanjavur, Tamil Nadu
DCB Bank 1930 323 4,99 Mumbai, Maharashtra
Dhanlaxmi Bank 1927 269 3,46 Thrissur, Kerala
Federal Bank 1931 1252 1598 Aluva, Kerala
HDFC Bank 1994 4787 13514 Mumbai, Maharashtra
ICICI Bank 1994 4882 15159 Mumbai, Maharashtra
IDBI Bank 1964 1892 3693 Mumbai, Maharashtra
IDFC First Bank 2015 301 216 Mumbai, Maharashtra
IndusInd Bank 1994 1004 2662 Mumbai, Maharashtra
Jammu & Kashmir Bank 1938 958 1322 Srinagar, Jammu and Kashmir
Karnataka Bank 1924 835 1503 Mangaluru, Karnataka
Karur Vysya Bank 1916 668 1641 Karur, Tamil Nadu
Kotak Mahindra Bank 2003 1369 2429 Mumbai, Maharashtra
Lakshmi Vilas Bank 1926 570 1045 Chennai, Tamil Nadu
Nainital Bank 1922 135 Nainital, Uttarakhand
RBL Bank 1943 342 Mumbai, Maharashtra
South Indian Bank 1929 852 1393 Thrissur, Kerala
Tamilnad Mercantile 1921 509 1156 Thoothukudi, Tamil Nadu
Yes Bank 2004 1050 1305 Mumbai, Maharashtra

 

Categories of Banks in India

Indian banks are divided into four categories and they are listed below:

  1. Commercial Banks
  2. Small Finance Banks
  3. Payment Banks
  4. Co-operative Banks

1. Commercial Banks in India

The commercial banks in India are categorized into four types. Those are,

  • Private Sector Banks
  • Public Sector Banks
  • Regional Rural Banks (RRB)
  • Foreign Banks

2. Small Finance Banks in India

Small finance banks are called “niche banks” with basic banking services. This primary objective of this bank is to provide financial inclusion to the society (that are not served by other banks. These type of banks are controlled and maintained by the “National Government of the country”.

Small Finance Banks List

1. Au Small Finance Bank Ltd.

2. Capital Small Finance Bank Ltd

3. Fincare Small Finance Bank Ltd.

4. Equitas Small Finance Bank Ltd

5. ESAF Small Finance Bank Ltd.

6. Suryoday Small Finance Bank Ltd.

7. Ujjivan Small Finance Bank Ltd.

8. Utkarsh Small Finance Bank Ltd.

9. North East Small Finance Bank Ltd

10. Jana Small Finance Bank Ltd.

3. Payments Bank in India

The Payments bank is a new type or category of banks in the Indian Banking industry. These banks are allowed to operate on a smaller scale without credit risk. Payment banks are allowed to accept a nominal deposit of Rs.1 lakh per customer.

List of Payments Banks in India

Currently, below is the list of Payments Banks in India.

1. Airtel Payments Bank Ltd

2. India Post Payments Bank Ltd

3. FINO Payments Bank Ltd

4. Paytm Payments Bank Ltd

5. Jio Payments Bank Ltd

6. NSDL Payments Bank Limited

4. Co-operative Banks in India

The Co-operative banks in India are financial entities and those are established on a co-operative basis. Cooperative banks are operated by a committee.

Cooperative banks in India work on a no-profit no-loss basis. These types of banks are providing a wide range of regular banking and financial services. The main aim of Cooperative banking is to offer savings and investment habits among people in rural parts of India.

Also Read: Best Work From Home Jobs in India

Final Thoughts on List of Private Banks India

I hope you’ll surely benefit with this list of private banks in India in 2021. Thanks for reading and please share this post.

Also Read: How to use WhatsApp on Desktop?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

fifteen − two =