India Banks

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India RupeeIndia may not presently be high on your agenda. Nevertheless, it is time to sit up and reconsider your options because India is a nation on the move.

Increasing external debt, balance of payments problems, insufficient value-added exports, etc., are hurdles of the past that India has already distanced itself from.

All this has been possible because India has systematically set about achieving its goals.

Save on money transfer services to india, get the best exchange rates to send money to India & Reliably transfer money to loved ones.

Public Sector Banks in India

Private Sector Banks in India

Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
IDBI Bank Limited
Axis Bank Ltd
Bandhan Bank Ltd
Catholic Syrian Bank Ltd
City Union Bank Ltd
DCB Bank Ltd
Dhanlaxmi Bank Ltd
Federal Bank Ltd
HDFC Bank Ltd
ICICI Bank Ltd
IndusInd Bank Ltd
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
State Bank of India
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
IDFC Bank Ltd
Jammu & Kashmir Bank Ltd
Karnataka Bank Ltd
Karur Vysya Bank Ltd
Kotak Mahindra Bank Ltd
Lakshmi Vilas Bank Ltd
Nainital bank Ltd
RBL Bank Ltd
South Indian Bank Ltd
Tamilnad Mercantile Bank Ltd
YES Bank Ltd


India Banks in United States

Indian Bank Branches in New York, Chicago, San Francisco Bay Area, Los Angeles California.

State Bank of India NewyorkLocated on the second floor at 460 Park Avenue, Manhattan

Contact Information
State Bank Of India, Chicago19 South LaSalle Street, Suite 200,
Chicago, IL 60603

Contact Information
State bank of India Los Angels707, Wilshire Blvd., 19th Floor, Suite 1995,
Los Angeles CA 90017
Bank of India USA277 Park Avenue
B/t 47th & 48th Street
New York - 10172

Contact Information

New York Branch & San Francisco Agency
ICICI Bank USA
Non FDIC Insured
ICICI Bank Limited,New York Branch,
500 Fifth Ave (5th Ave at 42nd St)
28th Floor New York, NY 10110 USA

Contact Information
Bank of Baroda USAOne Park Avenue, New York, NY 10016
Contact Information


What are the top banks in India?

  • State Bank Of India.
  • HDFC Bank.
  • ICICI Bank.
  • Punjab National Bank.
  • Axis Bank.
  • Canara Bank.
  • Bank of Baroda.
  • Union Bank.

How many banks are there in India?

There are currently 27 Public sector banks in India out of which 19 are nationalised banks.

Reserve Bank of India
The Reserve Bank of India (RBI) is India’s central banking institution, which controls the issuance and supply of the Indian rupee.

The RBI is also known as the Banker’s Bank.  The indian banking system works according to the guidelines issued by the RBI.


Foreign Banks in India

Foreign banks having branch or presence in India.

Australia & New Zealand Banking Group
National Australia Bank
Westpac Banking Corporation
Bank of Bahrain & Kuwait BSC
AB Bank Ltd.
Sonali Bank Ltd.
Bank of Nova Scotia
Sberbank
DBS Bank Ltd.
United Overseas Bank Ltd.
FirstRand Bank Ltd.
Shinhan Bank
Woori Bank
KEB Hana Bank
Industrial & Commercial Bank of China Ltd.
BNP Paribas
Credit Agricole Corporate & Investment Bank
Societe Generale
Deutsche Bank
HSBC Ltd
PT Bank Maybank Indonesia TBK
Industrial Bank of Korea
Bank of Ceylon
CTBC Bank Co., Ltd.
Krung Thai Bank Public Co. Ltd
Abu Dhabi Commercial Bank Ltd.
Mashreq Bank PSC
First Abu Dhabi Bank PJSC
Mizuho Bank Ltd.
Sumitomo Mitsui Banking Corporation
The Bank of Tokyo- Mitsubishi UFJ, Ltd.
SBM Bank (Mauritius) Ltd
Cooperatieve Rabobank U.A.
Doha Bank
Qatar National Bank SAQ
JSC VTB Bank
Emirates NBD Bank PJSC
Barclays Bank Plc.
Standard Chartered Bank
The Royal Bank of Scotland plc
American Express Banking Corp.
Bank of America
Citibank N.A.
J.P. Morgan Chase Bank N.A.

 


What are the Best private sector banks in India ?

  • Federal Bank.
  • ICICI Bank.
  • HDFC Bank.
  • IndusInd Bank.
  • Kotak Mahindra Bank.
  • KarurVysya Bank.
  • Yes Bank.
  • Axis Bank.

History of Indian Banking

Banking in India started in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786 and since defunct.

In 1969 the Indian government nationalised all the major banks that it did not already own and these have remained under government ownership. They are run under a structure know as ‘profit-making public sector undertaking’ (PSU) and are allowed to compete and operate as commercial banks. The Indian banking sector is made up of four types of banks, as well as the PSUs and the state banks, they have been joined since 1990s by new private commercial banks and a number of foreign banks.

Banking in India was generally fairly mature in terms of supply, product range and reach-even though reach in rural India and to the poor still remains a challenge. The government has developed initiatives to address this through the State bank of India and other public sector banks.

Today, our banking system is mainly divided into commercial banks (Both Public and Private Banks), Regional Rural Banks, Cooperative Banks etc.

Which bank is best in India?
ICICI, HDFC Bank, Catholic Syrian Bank, Federal Bank.


What is the Biggest Bank in India ?

State bank of India SBI is the biggest bank in the counrty by virtue of having more number of branches; more number of employees; more number of automated teller machines and more business.


Types of Banks in India

  • Public-Sector Banks.
  • Private Sector Banks – Indian Banks
  • Private Sector Banks – Foreign Banks
  • Local Area Banks.
  • Small Finance Banks.
  • Payments banks.
  • Regional Rural Banks (RRBs)
  • Cooperative banks.
  • State Cooperative Banks (SCBs)

 


Banking in India

List of Indian Banks : RBI

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