All types of Banks in India are regulated and the activities monitored by a standard bank called the Reserve

Bank of India that stands at the apex of the banking structure. It is also called the Central Bank, as major banking decisions are taken at this level. The other types of banks in India are placed below this bank in the hierarchy. The major types of banks in India are as follows: Public sector banks in India - All government owned banks fall in this variety. Besides the Reserve Bank of India, the State Bank of India and its associate banks and about 20 nationalized banks, all comprises of the public sector banks. Many of the regional rural banks that are funded by the government banks can also be clubbed in this genre. Private sector banks in India - A new wave in the banking industry came about with the private sector banks in India. With policies on liberalization being generously taken up, these private banks were established in the country that also contributed heavily towards the growth of the economy and also offering numerous services to its customers. Some of the most popular banks in this genre are: Axis Bank, Bank of Rajasthan, Catholic Syrian Bank, Federal Bank, HDFC Bank, ICICI Bank, ING Vysya Bank, Kotak Mahindra Bank and SBI Commercial and International Bank. The Foreign Banks in India like HSBC, Citibank, and Standard Chartered bank etc can also be clubbed here. Cooperative banks in India - With the aim to specifically cater to the rural population, the cooperative banks in India were set up through the country. Issues like agricultural credit and the likes are taken care of by these banks.

Banks in India (Types of Banks) The following list contains a list of different types of banks in India. This will be helpful for them who are preparing for banking services. Central Bank: 1. Reserve Bank of India (RBI) Public Sector Banks (Nationalised banks): 1. State Bank of India (SBI) 2. State Bank of Bikaner & Jaipur State Bank of Hyderabad 3. 4. State Bank of Indore State Bank of Mysore 5. 6. State Bank of Patiala State Bank of Saurashtra 7. 8. State Bank of Travancore 9. Bank of India 10. Canara Bank 11. Central Bank of India 12. Corporation bank 13. Indian Bank 14. Indian overseas bank 15. Syndicate Bank 16. UCO Bank 17. Allahabad Bank 18. Andhra Bank 19. Bank of Baroda

20. 21. 22. 23. 24. 25. 26. 27.

Bank of Maharashtra Dena Bank Oriental Bank of Commerce Punjab & Sind Bank Union Bank of India United Bank of India Vijaya Bank IDBI Bank

Private Sector Banks: 1. HDFC Bank 2. ICICI Bank 3. Federal Bank 4. ING Vysya Bank 1. Axis Bank (formerly UTI Bank) 5. Yes Bank 6. Bank of Rajasthan 7. Bharat Overseas Bank Catholic Syrian Bank 8. 9. Centurion Bank of Punjab 10. City Union Bank 11. Development Credit Bank 12. Dhanalakshmi Bank 13. Ganesh Bank of Kurundwad 14. IndusInd Bank 15. Jammu & Kashmir Bank 16. Karnataka Bank Limited 17. Karur Vysya Bank 18. Kotak Mahindra Bank 19. Lakshmi Vilas Bank 20. Nainital Bank 21. Ratnakar Bank 22. SBI Commercial and International Bank 23. South Indian Bank 24. Amazing Mercantile Bank 25. Punjab National Bank 26. Rupee Bank 27. Saraswat Bank 28. Tamilnad Mercantile Bank 29. Thane Janata Sahakari Bank 30. Bassein Catholic Bank Foreign Banks: 1. ABN AMRO 2. BNP Paribas Citibank India 3. 4. HSBC (Hongkong & Shanghai Banking Corporation)

5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31.

JPMorgan Chase Bank Bank of America Standard Chartered Bank Barclays Bank Deutsche Bank Royal Bank of Scotland Abu Dhabi Commercial Bank Ltd American Express Bank Antwerp Diamond Bank Arab Bangladesh Bank Bank International Indonesia Bank of Bahrain & Kuwait Bank of Ceylon Bank of Nova Scotia Bank of Tokyo Mitsubishi UFJ Calyon Bank ChinaTrust Commercial Bank Cho Hung Bank DBS Bank Krung Thai Bank Mashreq Bank Mizuho Corporate Bank Oman International Bank Socit Gnrale State Bank of Mauritius Scotia Taib Bank

The Government of India set up Regional Rural Banks (RRBs) on October 2, 1975. The banks provide credit to the weaker sections of the rural areas, particularly the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs. Initially, five RRBs were set up on October 2, 1975 which were sponsored by Syndicate Bank, State Bank of India, Punjab National Bank, United Commercial Bank and United Bank of India. Capital share being 50% by the central government, 15% by the state government and 35% by the scheduled bank. The total authorized capital was fixed at 1 crore which has since been raised to 5 Crore. Till date in rural banking in India, there are 14,475 rural banks in the country of which 2126 (91%) are located in remote rural areas. There are several concessions enjoyed by the RRBs by Reserve Bank of India such as lower interest rates and refinancing facilities from NABARD like lower cash ratio,lower statutory liquidity ratio, lower rate of interest on loans taken from sponsoring banks, managerial and staff assistance from the sponsoring bank and reimbursement of the expenses on staff training. The RRBs are under the control of NABARD. NABARD has the responsibility of laying down the policies for the RRBs, to oversee their operations, provide refinance facilities, to monitor their performance and to attend their problems.Earlier Reserve Bank of India had laid down ceilings

on the rate of interest to be charged by these RRBs. However from August 1996 the RRBs have been granted freedom to fix rates of interest, which is usually in the range of 14-18% for advances