List of all Public and Private Sector Banks in India 2022

 List of all Public and Private Sector Banks in India 2022: The Reserve Bank of India (RBI) is the highest banking regulatory authority in India which was established by the RBI Act, 1934.

The banks in India are divided into two categories--  scheduled banks and non-scheduled banks. Scheduled banks are those banks that are included in the second schedule of the RBI Act, 1934, while the non-scheduled banks are not listed in the second schedule of the RBI Act, 1934.

On the basis of ownership, the banks are further divided into-- Private Sector Banks, Public Sector Banks, and Foreign Banks. 

Types of commercial banks in India

Scheduled Banks:- Banks that have been included in the Second Schedule of RBI Act,1934. These are categorized below.

1. Private Sector Banks:- Majority of the stake is held by private individuals. Examples of Private banks are HDFC Bank, ICICI Bank, AXIS Bank, etc.

2. Public Sector Banks:- Majority of the stake is held by the government. Examples of Public Sector Banks are Punjab National Bank, State Bank of India and Central Bank of India, etc.

3. Foreign Banks:- Banks having Head offices outside India are known as Foreign Banks. Examples of Foreign Sector Banks are Standard Chartered Bank, American Express, Citi Bank etc.

In this article, we have published the list of all the Private Sector Banks and Public Sector Banks.

List of all Public and Private Sector Banks in India 2022

In terms of revenue, HDFC Bank is the largest bank of the private sector in India while State Bank of India (SBI) is the largest public sector bank in the country. 

The above-mentioned list of private sector banks and public sector banks changes from time to time. As and when there's a change in the list, the same will be notified here. 

Difference between Scheduled and Non-Scheduled Banks

Structure of Banking Sector in India