List of Scheduled Banks in India (2025)

In India, banks play a vital role in the country’s banking and financial system. These banks are regulated by the RBI and are subject to specific regulations and requirements. Scheduled banks in India include both public sector banks, private sector banks, and foreign banks operating in the country. They provide a wide range of banking services to individuals, businesses, and other organizations. Let’s take a look at the list of scheduled banks in India that provide a wide range of financial services and play a crucial role in promoting economic growth and development in the country.

person counting money

What is a Bank?

A bank is a financial institution that handles various financial transactions, including deposits, withdrawals, loans, and credit activities. It facilitates the flow of funds by providing loans to borrowers and collecting deposits from individuals and businesses. Additionally, banks play a crucial role in the creation and circulation of currency.

The banking sector of India can be classified into segments, which are-

Scheduled Banks (that were added in the second schedule of the RBI Act, 1934)
Non-Scheduled Banks (not covered in the second schedule of the RBI Act,1934)

What is a Scheduled Commercial Bank?

Scheduled banks are financial institutions that have been granted a special status by the Reserve Bank of India (RBI) based on specific criteria outlined in the RBI Act of 1934 and the Banking Regulation Act of 1949. These banks are listed in Schedule II of the Reserve Bank of India Act and represent the majority of banks operating under the jurisdiction of the central bank.

In order to qualify as a scheduled bank, the institution must meet certain requirements, such as having a minimum paid-up capital and raised funds of at least Rs. 5 lakhs.

Being a scheduled bank also entails membership in clearing houses, and these banks are responsible for maintaining an average daily cash reserve ratio with the central bank. Furthermore, scheduled banks in India are authorized by the RBI to issue loans at bank rates.

Some of the facilities that schedule banks in India get are:

They are entitled to getting debts/loans on bank rates from the RBI.
They also get the amenity of the rediscount of first-class exchange bills from RBI. This advantage is given by the RBI only if the Scheduled Banks deposit average daily cash with the RBI and presents the recurring statements under the provision of RBI Act, 1934 and Banking Regulation Act, 1949.
Scheduled Banks automatically get the membership of the clearinghouse.

Types of Scheduled Banks in India

Scheduled banks can be further sub-divided into:

Scheduled Commercial Public Sector Banks
Old Private Banks
New Private Sector Banks
SBI and its associates
Scheduled Foreign Banks in India
Scheduled Commercial Private Sector Banks

List of Scheduled Commercial Banks of India

Scheduled banks in India encompass a wide range of financial institutions, including nationalized, cooperative, international, and regional rural banks. Familiarizing oneself with the extensive list of scheduled banks in India can provide valuable insights into their operations and significance.

1. Scheduled Public Sector Banks

There are 12 public sector banks in India, where the government owns more than 50% of the stock, making it the major stakeholder. However, it is worth noting that the number of public sector banks has decreased from 27 through various mergers.

Below is the list of all the public sector banks along with some important information about them:

Name of Bank	Government Shareholding	Merged Banks	Branches	Established	Headquarter	Total Assets	Revenues
Bank of Baroda	63.97%	Vijaya Bank Dena Bank	8546	1908	Vadodara, Gujarat	₹14585.62 billion	₹996.14 billion
Bank of India	81.41%		5,100	1906	Mumbai, Maharashtra	₹3798.85 billion	₹217.7 billion
Bank of Maharashtra	90.97%		2203	1935	Pune, Maharashtra	₹2676.5 billion	₹181.78 billion
Canara Bank	78.52%	Syndicate Bank	9706	1906	Bengaluru, Karnataka	₹12269.8 billion	₹1110 billion
Central Bank of India	93.08%		4,528	1911	Mumbai, Maharashtra	₹3592.96 billion	₹270.9 billion
Indian Bank	79.86%	Allahabad Bank	5787	1907	Chennai, Tamil Nadu	₹10947.5 billion	₹450 billion
Indian Overseas Bank	96.38%		3376	1937	Chennai, Tamil Nadu	₹2993.7 billion	₹235.2 billion
Punjab and Sind Bank	98.25%		1,553	1908	New Delhi, Delhi	₹1210.67 billion	₹265.19 billion
Punjab National Bank	73.15%	Bharat Bank Ltd. Universal Bank of India Indo-Commercial Bank Hindustan Commercial Bank New Bank of India Nedungadi Bank Oriental Bank of Commerce United Bank of India	10077	1894	New Delhi, Delhi	₹9319.6 billion	₹927.4 billion
State Bank of India	81.29%	State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Bhartiya Mahila Bank	22,210	1955	Mumbai, Maharashtra	₹49875 billion	₹4733.78 billion
UCO Bank	95.39%		3120	1943	Kolkata, West Bengal	₹3007.02 billion	₹181.66 billion
Union Bank of India	83.49%	Andhra Bank Corporation Bank	8500+	1919	Mumbai, Maharashtra	₹19276.21 billion	₹498.06 billion

Also Read: List of Banks in India

2. Scheduled Private Sector Banks

There are a total of 21 private sector banks that have significant private ownership and offer a range of banking and financial services to their customers. These banks have the highest level of private entity stake.

There are two kinds of private sector banks:

Old Private Sector Banks (came into existence before 1968)
New Private Sector Banks (incorporated after 1968)

Sr. No	Name of the Bank	Branches	Establishment	Headquarter
1	Axis Bank	5604	1993	Mumbai, Maharashtra
2	Bandhan Bank	1100+	2015	Kolkata, West Bengal
3	CSB Bank	704	1920	Thrissur, Kerala
4	City Union Bank	725	1904	Kumbakonam, Tamil Nadu
5	DCB Bank	427	1930	Mumbai, Maharashtra
6	Dhanlaxmi Bank	271	1927	Thrissur city, Kerala
7	Federal Bank	1282	1931	Aluva, Kochi
8	HDFC Bank	7821	1994	Mumbai, Maharashtra
9	ICICI Bank	6471	1994	Mumbai, Maharashtra
10	IDBI Bank	1892	1964	Mumbai, Maharashtra
11	IDFC FIRST Bank	834	2015	Mumbai, Maharashtra
12	IndusInd Bank	2606	1994	Pune, Maharashtra
13	Jammu & Kashmir Bank	957	1938	Srinagar, Jammu, and Kashmir
14	Karnataka Bank	901	1924	Mangaluru, Karnataka
15	Karur Vysya Bank	782	1916	Karur, Tamil Nadu
16	Kotak Mahindra Bank	1364	2003	Mumbai, Maharashtra
17	Nainital Bank	168	1922	Nainital, Uttarakhand
18	RBL Bank	517	1943	Mumbai, Maharashtra
19	South Indian Bank	941	1929	Thrissur, Kerala
20	Tamilnad Mercantile Bank	509	1921	Tuticorin, Tamilnadu
21	YES Bank	3318	2004	Mumbai, Maharashtra

Also Read: List of Private Banks in India

3. Scheduled Foreign Banks in India

India is home to 45 foreign banks, which are global financial institutions that must adhere to the regulations and guidelines of both their home country and India. These banks have certain restrictions on the amount of loans they can provide, which are determined by the capital of their partner banks. However, compared to domestic subsidiary banks, foreign banks have the ability to offer a higher volume of loans.

Here is the list of foreign banks in India:

AB Bank Ltd.
Abu Dhabi Commercial Bank Ltd.
American Express Banking Corporation
Australia and New Zealand Banking Group Ltd.
Barclays Bank Plc.
Bank of America
Bank of Bahrain & Kuwait BSC
Bank of Ceylon
Bank of China
Bank of Nova Scotia
BNP Paribas
Citibank N.A.
Cooperatieve Rabobank U.A.
Credit Agricole Corporate & Investment Bank
Credit Suisse A.G
CTBC Bank Co., Ltd.
DBS Bank India Limited*
Deutsche Bank
Doha Bank Q.P.S.C
Emirates Bank NBD
First Abu Dhabi Bank PJSC
FirstRand Bank Ltd
HSBC Ltd
Industrial & Commercial Bank of China Ltd.
Industrial Bank of Korea
J.P. Morgan Chase Bank N.A.
JSC VTB Bank
KEB Hana Bank
Kookmin Bank
Krung Thai Bank Public Co. Ltd.
Mashreq Bank PSC
Mizuho Bank Ltd.
MUFG Bank, Ltd.
NatWest Markets Plc
PT Bank Maybank Indonesia TBK
Qatar National Bank (Q.P.S.C.)
Sberbank
SBM Bank (India) Limited*
Shinhan Bank
Societe Generale
Sonali Bank Ltd.
Standard Chartered Bank
Sumitomo Mitsui Banking Corporation
United Overseas Bank Ltd
Woori Bank

Also Read: Types of Joint Accounts Available in Banks in India

4. Scheduled Cooperative banks of India

heap of money

Similar to other banks, these banks are subject to regulation and oversight by the RBI, operating under the purview of the Banking Regulations Act of 1949. They offer financial assistance to small enterprises in urban and rural regions.

According to reports, these banks have played a significant role in fostering the growth of small businesses, contributing to a substantial 67% increase in their presence in rural areas. Additionally, they account for 46% of the overall funding allocated to rural businesses, supporting various sectors such as processing, housing, warehousing, transport, and dairy.

There are two types of cooperative banks:

A. State Co-operative Banks

Here is the list of State Co-operative scheduled banks in India:

The Andhra Pradesh State Co-operative Bank Ltd.
The Bihar State Co-operative Bank Ltd.
The Chhatisgarh Rajya Sahakari Bank Maryadit
The Goa State Co-operative Bank Ltd.
Gujarat State Co-operative Bank Ltd.
The Haryana State Co-operative Apex Bank Ltd.
The Himachal Pradesh State Co-operative Bank Ltd.
The Karnataka State Co-operative Apex Bank Ltd.
The Kerala State Co-operative Bank Ltd.
The Madhya Pradesh Rajya Sahakari Bank Maryadit
The Maharashtra State Co-operative Bank Ltd.
The Odisha State Co-operative Bank Ltd.
The Puducherry State Co-operative Bank Ltd.
The Punjab State Co-operative Bank Ltd.
The Rajasthan State Co-operative Bank Ltd.
The Tamil Nadu State Apex Co-operative Bank Ltd.
The Telangana State Cooperative Apex Bank Ltd.
The Uttar Pradesh Co-operative Bank Ltd.
The Uttarakhand State Co-operative Bank Ltd.
The West Bengal State Co-operative Bank Ltd.
Tripura State Co-operative Bank Ltd.
The Delhi State Cooperative Bank Ltd.
The Meghalaya Co-operative Apex Bank Ltd.
Sikkim State Co-operative Bank Ltd.

B. Urban Co-operative Banks

Here is the list of urban-co-operative scheduled banks in India:

Ahmedabad Mercantile Co-Op Bank Ltd.
Kalupur Commercial Coop.Bank Ltd.
Mehsana Urban Co-Op Bank Ltd.
Nutan Nagarik Sahakari Bank Ltd., Ahmedabad
Rajkot Nagrik Sahakari Bank Ltd.
SBPP Co-operative Bank Ltd., Killa Pardi, Dist Valsad (Gujarat)
Surat Peoples Coop Bank Ltd.
Amanath Co-operative Bank Ltd. Bangalore
Andhra Pradesh Mahesh Co-Op Urban Bank Ltd.
Indian Mercantile Co-operative Bank Ltd.
Abhyudaya Co-operative Bank Ltd., Mumbai
Apna Sahakari Bank Ltd.
Bassein Catholic Co-operative Bank Ltd.
Bharat Co-operative Bank (Mumbai) Ltd., Mumbai
Bharati Sahakari Bank Limited.
Bombay Mercantile Co-operative Bank Limited
Citizen Credit Co-operative Bank Ltd., Mumbai
Cosmos Co-operative Bank Ltd
Dombivli Nagari Sahakari Bank Ltd.
Greater Bombay Co-operative Bank Limited
GS Mahanagar Co-operative Bank Ltd., Mumbai
Jalgaon Janata Sahakari Bank Ltd.
Jalgaon People’s Co-operative Bank Ltd.
Janakalyan Sahakari Bank Ltd., Mumbai
Janalaxmi Co-operative Bank Ltd., Nashik
Janata Sahakari Bank Ltd., Pune.
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd.
Kalyan Janata Sahakari Bank Ltd., Kalyan
Kapol Co-operative Bank Ltd., Mumbai
Karad Urban Co-operative Bank Ltd.
Nagar Urban Co-operative Bank Ltd., Ahmednagar
Nasik Merchant’s Co-operative Bank Ltd.
New India Co-operative Bank Ltd., Mumbai
NKGSB Co-operative Bank Ltd., Mumbai
Pravara Sahakari Bank Ltd.
Rajarambapu Sahakari Bank Ltd.
Sangli Urban Co-operative Bank Ltd., Sangli
Saraswat Co-operative Bank Ltd., Bombay
Shamrao Vithal Co-operative Bank Ltd.
Solapur Janata Sahakari Bank Ltd.
Thane Bharat Sahakari Bank Ltd.
TJSB Sahakari Bank
Vasai Vikas Sahakari Bank Ltd.
Zoroastrian Co-operative Bank Ltd., Bombay
Nagpur Nagrik Sahakari Bank Ltd.
Shikshak Sahakari Bank Ltd., Nagpur.
The Akola Janata Commercial Co-operative Bank Ltd., Akola.
The Akola Urban Co-operative Bank Ltd., Akola.
The Khamgaon Urban Co-operative Bank Ltd., Khamgaon.
Goa Urban Co-operative Bank Limited.
P. Parsik Janata Sahakari Bank Ltd., Thane

Also Read: 20 Best Banks for Business Loan in India

5. Regional Rural Banks

Following the nationalization of banks in 1969, a group of banks emerged, and in 1975, Regional Rural Banks (RRBs) were introduced. The enactment of this law led to the establishment of 25 RRBs across various regions of the country, aiming to address the lack of credit accessibility in rural areas. These banks were primarily established to foster the growth of trade, commerce, agriculture, industry, and comparable sectors in rural regions. Currently, there are 43 RRBs in India.

State	Bank’s Name	Established	Headquarters	Branches	Sponsor Bank
Andhra Pradesh	Andhra Pradesh Grameena Vikas Bank	2006	Warangal, Telangana	793	State Bank of India
	Andhra Pragathi Grameena Bank	2006	Kadapa, Andhra Pradesh	552	Canara Bank
	Chaitanya Godavari Gramin Bank	2006	Guntur, Andhra Pradesh	219	Union Bank of India
	Saptagiri Gramin Bank	2006	Chittoor, Andhra Pradesh	220	Indian Bank
Arunachal Pradesh	Arunachal Pradesh Rural Bank	1983	Itanagar, Arunachal Pradesh	30	State Bank of India
Assam	Assam Gramin Vikash Bank	2006	Guwahati, Assam	474	Punjab National Bank
Bihar	Dakshin Bihar Gramin Bank	2019	Patna, India	1078	Punjab National Bank
Bihar	Uttar Bihar Gramin Bank	2008	Muzaffarpur, India	1032	Central Bank of India
Chhattisgarh	Chhattisgarh Rajya Gramin Bank	2013	Raipur	625	State Bank of India
Gujarat	Baroda Gujarat Gramin Bank	2019	Vadodara	489	Bank of Baroda
Gujarat	Saurashtra Gramin Bank	1978	Rajkot	259	State Bank of India
Haryana	Sarva Haryana Gramin Bank	2013	Rohtak, Haryana	542	Punjab National Bank
Himachal Pradesh	Himachal Pradesh Gramin Bank	2013	Mandi, Himachal Pradesh	265	Punjab National Bank
Jammu And Kashmir	Ellaquai Dehati Bank	1979	Srinagar, Jammu, and Kashmir (Union Territory)	116	State Bank of India
Jammu And Kashmir	Jammu And Kashmir Grameen Bank	2009	Jammu, Jammu, and Kashmir (Union Territory)	217	J&K Bank Ltd.
Jharkhand	Jharkhand Rajya Gramin Bank	2019	Ranchi	443	State Bank Of India
Karnataka	Karnataka Gramin Bank	2019	Ballari, Karnataka	1142	Canara Bank
Karnataka	Karnataka Vikas Grameena Bank	2005	Dharwad, Karnataka	633	Canara Bank
Kerala	Kerala Gramin Bank	2013	Malappuram, Kerala	634	Canara Bank
Madhya Pradesh	Madhya Pradesh Gramin Bank	2019	Indore	866	Bank of India
Madhya Pradesh	Madhyanchal Gramin Bank	2012	Sagar, Madhya Pradesh	454	State Bank of India
Maharashtra	Maharashtra Gramin Bank	2008	Aurangabad, India	391	Bank of Maharashtra
Maharashtra	Vidarbha Konkan Gramin Bank	2013	Nagpur	318	Bank of India
Manipur	Manipur Rural Bank	1981	Imphal, Manipur	28	Punjab National Bank
Meghalaya	Meghalaya Rural Bank	1981	Shillong	87	State Bank of India
Mizoram	Mizoram Rural Bank	1983	Aizawl, Mizoram	85	State Bank of India
Nagaland	Nagaland Rural Bank	1983	Kohima	10	State Bank of India
Odisha	Odisha Gramya Bank	2013	Bhubaneswar, India	549	Indian Overseas Bank
Odisha	Utkal Grameen Bank	2012	Bolangir, India	442	State Bank of India
Puducherry	Puduvai Bharathiar Grama Bank	2008	Pondicherry, India	43	Indian Bank
Punjab	Punjab Gramin Bank	2019	Kapurthala, Punjab	419	Punjab National Bank
Rajasthan	Rajasthan Marudhara Gramin Bank	2014	Jodhpur	715	State Bank of India
Rajasthan	Baroda Rajasthan Kshetriya Gramin Bank	2013	Ajmer	833	Bank of Baroda
Tamil Nadu	Tamil Nadu Grama Bank	2019	Salem, Tamil Nadu	630	Indian Bank
Telangana	Telangana Grameena Bank	2014	Hyderabad, Telangana	421	State Bank of India
Tripura	Tripura Gramin Bank	1976	Agartala, India	142	Punjab National Bank
Uttar Pradesh	Aryavart Bank	2019	Lucknow, Uttar Pradesh	1365	Bank of India
	Baroda UP Bank	2020	Ayodhya, Uttar Pradesh	2050	Bank of Baroda
	Prathama UP Gramin Bank	2019	Moradabad, Uttar Pradesh	938	Punjab National Bank
Uttarakhand	Uttarakhand Gramin Bank	2012	Dehradun, Uttarakhand	286	State Bank of India
West Bengal	Bangiya Gramin Vikash Bank	2007	Berhampore, West Bengal	587	Punjab National Bank
	Paschim Banga Gramin Bank	2007	Howrah, West Bengal	230	UCO Bank
	Uttarbanga Kshetriya Gramin Bank	1977	Coochbehar, West Bengal	142	Central Bank of India

6. Scheduled Small Finance Banks

Au Small Finance Bank Limited
Capital Small Finance Bank Limited
Equitas Small Finance Bank Limited
Suryoday Small Finance Bank Limited
Ujjivan Small Finance Bank Limited
Utkarsh Small Finance Bank Limited
ESAF Small Finance Bank Limited
Fincare Small Finance Bank Limited
Jana Small Finance Bank Limited
North East Small Finance Bank Limited
Shivalik Small Finance Bank Limited
Unity Small Finance Bank Limited

7. Scheduled Payment Banks

India Post Payments Bank Limited
Fino Payments Bank Limited
Paytm Payments Bank Limited
Airtel Payments Bank Limited

Also Read: How to Open a Bank Account for a Minor in India

Difference between Scheduled and Non-Scheduled Banks

Above you saw the list of scheduled banks in India. There are many non-scheduled banks in India as well, and you might get confused with them. Hence it is imperative to understand the difference between them to have a better understanding of both.

What is a Non-Scheduled Bank?

person holding coins

Non-Scheduled Banks in India are not included in the list of banks regulated by the Reserve Bank of India Act, 1934. They are responsible for maintaining the Cash Reserve Ratio (CRR) independently. The key features of Non-Scheduled Banks are as follows:

They must adhere to specific guidelines set by the RBI.
The minimum reserve capital required may be less than INR 5 Lakhs.
They do not have access to interbank financial transactions and the facility of cheque clearing.

All the local area banks are called Non-Scheduled Banks. These banks are relatively smaller than the scheduled banks in India and thus have a lesser influence. Moreover, doing transactions with them can be risky because of their financial limitations.

There are 11 Non-Scheduled State Cooperative Banks as approved by RBI. Additionally, 1500 Non-Scheduled Urban Co-operative Banks as mentioned by the RBI.

Non-Scheduled banks do not get the benefits like the Scheduled banks in India. They are also not eligible for becoming the member of a clearinghouse. This means that these banks cannot do inter-bank financial transactions and the clearance of cheques.

Comparison of Scheduled and Non-Scheduled Banks in India

Criteria	Scheduled Banks	Non- Scheduled Banks
Meaning	It is a banking company with a paid-up capital of at least 5 lakhs or more.	On the contrary, these banks do not imply with the RBI’s requirements and guidelines.
Second Schedule	Schedules banks are listed in the second schedule.	These banks are not listed or mentioned in the second schedule.
Cash Reserve Ratio (CRR)	By RBI	They have to maintain it themselves.
Types	Private and public sector banks, commercial banks	State Co-operative banks and local banks.
Borrowing	They can borrow from RBI.	They can only borrow from RBI in case of an emergency situation.
Risk	The risk with these banks is very little as they are financially stable and do not hurt customers’ rights.	Comparatively risky to do business with them.
Membership	Can apply for joining the clearinghouse.	These banks are not eligible to apply for clearinghouse.
Return	These banks need to file returns periodically.	No clause for returns.

Also Read: Savings Account vs Current Account

Frequently Asked Questions

Q1) Which banks are scheduled banks in India?

There are two categories of Scheduled banks-

Scheduled Commercial Banks
Scheduled Cooperative Banks

The Scheduled Commercial Banks are further divided into four parts-

Public Sector Banks
Private Sector Banks
Regional Rural Banks
Foreign Banks

Q2) How many Scheduled Banks are there in India?

The list of Scheduled banks in India is huge; here are the details of them in short-

Public Sector Banks	12
Private Sector Banks	21
Regional Rural Banks	43
Foreign Banks	45
Scheduled Small Finance Banks	12
Scheduled Payment Bank	4
State Co-operative Banks	24
Urban Co-operative Banks	51
Total	212

There are several scheduled banks in India that play a crucial role in the country’s banking system. These banks, regulated by the Reserve Bank of India (RBI), provide various financial services to individuals, businesses, and the government. With a wide range of banking options available, individuals and businesses can access various financial products and services to meet their needs.

Recommended: Banking System in India Explained

List of Scheduled Banks in India