Scheduled Banks In India

January 27, 2009

Banking

The commercial banking structure in India consists of:

  • Scheduled Commercial Banks in India
  • Unscheduled Banks in India

    Scheduled Banks in India 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 (6) (a) of the Act.

    As on 30th June, 1999, there were 300 scheduled banks in India having a total network of 64,918 branches.The scheduled commercial banks in India comprise of State bank of India and its associates (8), nationalised banks (19), foreign banks (45), private sector banks (32), co-operative banks and regional rural banks.

    “Scheduled banks in India” means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), but does not include a co-operative bank”.

    “Non-scheduled bank in India” means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank”.

    The following are the Scheduled Banks in India (Public Sector):

    • State Bank of India
    • State Bank of Bikaner and Jaipur
    • State Bank of Hyderabad
    • State Bank of Indore
    • State Bank of Mysore
    • State Bank of Saurashtra
    • State Bank of Travancore
    • Andhra Bank
    • Allahabad Bank
    • Bank of Baroda
    • Bank of India
    • Bank of Maharashtra
    • Canara Bank
    • Central Bank of India
    • Corporation Bank
    • Dena Bank
    • Indian Overseas Bank
    • Indian Bank
    • Oriental Bank of Commerce
    • Punjab National Bank
    • Punjab and Sind Bank
    • Syndicate Bank
    • Union Bank of India
    • United Bank of India
    • UCO Bank
    • Vijaya Bank

    The following are the Scheduled Banks in India (Private Sector):

    • ING Vysya Bank Ltd
    • Axis Bank Ltd
    • Indusind Bank Ltd
    • ICICI Bank Ltd
    • South Indian Bank
    • HDFC Bank Ltd
    • Centurion Bank Ltd
    • Bank of Punjab Ltd
    • IDBI Bank Ltd

    The following are the Scheduled Foreign Banks in India:

    • American Express Bank Ltd.
    • ANZ Gridlays Bank Plc.
    • Bank of America NT & SA
    • Bank of Tokyo Ltd.
    • Banquc Nationale de Paris
    • Barclays Bank Plc
    • Citi Bank N.C.
    • Deutsche Bank A.G.
    • Hongkong and Shanghai Banking Corporation
    • Standard Chartered Bank.
    • The Chase Manhattan Bank Ltd.
    • Dresdner Bank AG.
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    12 Responses to “Scheduled Banks In India”

    1. G.S.KHARBANDA Says:

      QUITE OUTDATED INFORMATION….BANK OF PUNJAB, CBL DO NOT EXIST ANY MORE AND THEIR NAMES HAVE BEEN REMOVED FROM SECOND SCHEDULE, STATE BANK OF SAURASHTRA HAS ALSO BEEN MERGED INTO SBI, IDBI BANK IS CATEGORISED AS A PRIVATE SECTOR BANK WHEREAS IT IS A PUBLIC SECTOR BANK… FURTHER MANY PRIVATE SECTOR BANKS/foreign banks ARE NOT LISTED: FEDERAL BANK, BANK OF RAJASTHAN, J & k BANK, DHANLAKSHMI BANK AND MORE….

      Reply

    2. [email protected]; [email protected] Says:

      find the attched

      Reply

    3. pawan Says:

      Pl confirm if Development credit bank is Scheduled or not.
      If yes, where can we have evidence for the same ?
      why same is not mentioned in the list mentioned above ?

      Reply

    4. P C Shah Says:

      Can you provide the latest list of scheduled Bnak in India including Foreign scheduled Banks ?

      P C shah

      Reply

    5. majid jahangir rather Says:

      with due regards for the information above, i wish to know where does the JK Bank stand in the list and also if such a unique belong to some other nation.

      Reply

    6. nathan Says:

      pl provide me emails id of foreign banks in india.

      Reply

    7. M.ramesh Says:

      Dear sir please send list of commercial banks in India,growth and economic development, strecture oh commercial banks in India.

      Reply

    8. g.mishra Says:

      Please give the list of Regional rural banks which are included in the 2ND SCHEDULE of RBI Act

      Reply

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