Scheduled Commercial Banks in India

The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major difference between Scheduled Commercial Banks and Scheduled Cooperative Banks is their holding pattern, since cooperatives are registered under the Cooperative Societies Act as cooperative credit institutions.

Scheduled Commercial Banks can be further divided into four groups:

  • Public Sector Banks: This includes:
    • SBI & Associates
    • Nationalized Banks
    • Other Public Sector Banks
  • Private Banks
  • Foreign Banks
  • Regional Rural Banks

Scheduled Commercial Banks (Public Sector)

At present, there are 27 Public Sector Banks in India including SBI (plus its 5 associates) and 19 nationalized banks. Further, there are two banks which have been categorized by RBI as “Other Public Sector Banks”. IDBI and Bhartiya Mahila Bank come under this category.

SBI & Associates

State Bank of India with its around 17,000 branches and around 200 foreign offices, is India’s largest banking and financial services company by assets. With over 2 lakh employees, SBI is banker to millions of Indians. This bank got birth in the British Era. Its first parents were three presidency banks viz. Bank of Calcutta (later Bank of Bengal), Bank of Bombay and the Bank of Madras. In 1921, these three presidency banks were merged in one entity called “Imperial Bank of India”. The Imperial Bank of India was nationalized in 1955 and was renamed a State Bank of India. Thus, State bank of India is the oldest Bank of India.

In 1959, there were eight associates of SBI. The current five associate banks of SBI are:

  • State Bank of Bikaner & Jaipur
  • State Bank of Hyderabad
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Travancore

Apart from the above, the SBI also has seven non-banking subsidiaries viz. SBI Capital Markets Ltd, SBI Funds Management Pvt Ltd, SBI Factors & Commercial Services Pvt Ltd, SBI Cards & Payments Services Pvt. Ltd. (SBICPSL), SBI DFHI Ltd, SBI Life Insurance Company Limited and SBI General Insurance.

Is SBI a nationalized Bank?

Nationalized Banks

There are 19 nationalized banks in India as follows:
[one_half]

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of Baroda
  4. Bank of India
  5. Bank of Maharashtra
  6. Canara Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Indian Bank
[/one_half] [one_half_last]
  1. Indian Overseas Bank
  2. Oriental Bank of Commerce
  3. Punjab & Sind Bank
  4. Punjab National Bank
  5. Syndicate Bank
  6. UCO Bank
  7. Union Bank of India
  8. United Bank of India
  9. Vijaya Bank
[/one_half_last]
Other Public Sector Banks

Further, there are two scheduled commercial banks in India, which have been classified as “other Public Sector Banks”. These are

  1. IDBI
  2. Bhartiya Mahila Bank.

Scheduled Commercial Banks (Private Banks)

In private sector banks, most of the capital is in private hands. There are two types of private sector banks in India viz. Old Private Sector Banks and New Private Sector Banks.

Old Private Banks

There are 13 old private sector banks as follows:

[one_half]
  1. Catholic Syrian Bank
  2. City Union Bank
  3. Dhanlaxmi Bank
  4. Federal Bank
  5. ING Vysya Bank
  6. Jammu and Kashmir Bank
  7. Karnataka Bank
[/one_half][one_half_last]
  1. Karur Vysya Bank
  2. Lakshmi Vilas Bank
  3. Nainital Bank
  4. Ratnakar Bank
  5. South Indian Bank
  6. Tamilnad Mercantile Bank
[/one_half_last]

Out of the above banks, the Nainital Bank is a subsidiary of the Bank of Baroda, which has 98.57% stake in it. Some other old generation private sector banks in India have merged with other banks. For example, Lord Krishna Bank merged with Centurion Bank of Punjab in 2007; Sangli Bank merged with ICICI Bank in 2006; Centurion Bank of Punjab merged with HDFC in 2008.

New Private Sector Banks

The new private sector banks were incorporated as per the revised guidelines issued by the RBI regarding the entry of private sector banks in 1993. At present, there are seven new private sector banks as follows:

  1. Axis Bank
  2. Development Credit Bank (DCB Bank Ltd)
  3. HDFC Bank
  4. ICICI Bank
  5. IndusInd Bank
  6. Kotak Mahindra Bank
  7. Yes Bank

Apart from the above, there are two banks which are yet to commence operation. These have obtained ‘in-principle’ licenses from RBI. They are

  1. IDFC
  2. Bandhan Bank of Bandhan Financial Services.

Foreign Banks

As of December 2014, there are 43 foreign banks from 26 countries operating as branches in India and 46 banks from 22 countries operating as representative offices in India. Most of the foreign banks in India are niche players. RBI policy towards presence of foreign banks in India is based upon two cardinal principles viz. reciprocity and single mode of presence. more details about regulation of Foreign Banks by RBI, click here

Regional Rural Banks

Regional Rural Banks were started in 1970s due to the fact that even after nationalization, there were cultural issues which made it difficult for commercial banks, even under government ownership, to lend to farmers. Each RRB is owned by three entities with their respective shares as follows:

  • Central Government → 50%
  • State government → 15%
  • Sponsor bank → 35%

They are regulated by NABARD. More information on RRBs is here.


89 Comments

  1. neha_ishu

    July 10, 2011 at 2:37 pm

    at present there are 19 nationalised banks

    Reply
    • pooja

      March 16, 2014 at 10:34 am

      can u plz name them plzzz its my project

      Reply
      • Sanjay

        July 1, 2014 at 12:19 am

        SBI+7 SBI Associates bank + 20 +
        =28 Nationalised Banks

        Reply
        • Sanjay

          July 1, 2014 at 12:24 am

          The total nationalised banks was 28 before the merger of new bank of India in PNB(1993)…..now 27 nationalised banks(SBI + 7 SBI associates + 19)

          Reply
    • hrishi

      May 12, 2014 at 6:00 pm

      at present there are 26 nationalised banks.

      Reply
    • Abhishek

      June 28, 2014 at 2:17 am

      I see there is some confusion with terms. Hope it helps with this-

      * There are 26 Public Sector Banks, which includes 19 Nationalised Banks, 1 SBI, 5 Subsidiaries of SBI and 1 IDBI.

      Regards,
      [email protected]

      Reply
    • N. Durai

      October 11, 2014 at 9:07 am

      Good morning madem..Whtever nationalized banks in current of india..listout plz.. And how is came 19 banks only,balance bank wher their merged..if u dont mind explain it madem.

      Reply
    • Yuvraj

      January 17, 2015 at 10:58 am

      Wrong.. SBI has 5 associates, Total PSU banks are SBI+Asso 6, 19 nationalised banks, IDBI and BMB = 27…
      State bank of indore and state bank of saurashtra were merged with SBI in 2010 and 2008 resp.

      Reply
    • harshit_94

      November 23, 2015 at 9:49 pm

      There are 21 nationalized banks.On 19th July 1969, 14 banks were nationalized, then on 15th April 1980, 6 banks were nationalized out of which new bank of India was merged, remaining only 19 nationalized banks. Now 2 other public sector banks(IDBI and Bhartiya Mahila Bank) are also nationalized banks

      Reply
  2. vandana suman

    August 17, 2011 at 10:35 am

    idbi is other gov bank,it is not nationalized as per my knowledge

    Reply
    • muhammad Mujahid

      January 5, 2015 at 2:20 pm

      Vandana saman @Idbi bank is 60-40 private n govt in coming days it till convert totally in to govt sec

      Reply
  3. prabhakar

    September 12, 2011 at 8:39 pm

    could any body throw light on

    if ac payee crossing cancelled cheque could be paid across the cash counter with crossing cancelled writing and properly signed???? does it lose the bearer status????? is it transferable???

    Reply
  4. paresh

    September 13, 2011 at 3:06 pm

    who can told me that prime co opratibe bank is scheduled bank

    Reply
  5. Mohit

    October 21, 2011 at 9:38 pm

    ur knowledge is too low my dear frnds
    IDBI is nationalised now

    Reply
    • pratzzz

      May 24, 2014 at 2:33 pm

      ur knowledge is not correct…
      IDBI is goverment bank and its not nationalised..natinalisation had taken place only 2 tyms…
      even SBI & its subsidaries are not nationalised

      Reply
  6. LENIN

    October 23, 2011 at 5:34 pm

    Dear Mohit and suman, IDBI is categorised under other public sector banks and nationalisation of banks completed in 1980 and also IDBI is never into private to go for nationalisation, only as a sister concern IDBI Bank is in private and was reverse merged with IDBI to form IDBI BANK with 65% Gov share

    Reply
  7. LENIN

    October 23, 2011 at 5:39 pm

    Dear Prabhakar, Cheque can be paid over counter and is in practice…

    Reply
  8. sweta

    November 17, 2011 at 3:24 pm

    There are 19 nationalised bank as per my knowlege

    Reply
  9. prathibha

    November 23, 2011 at 3:19 pm

    May i know whether DBS is Schedule bank are not?

    Reply
  10. jagbir singh

    December 20, 2011 at 1:22 pm

    The nanital bank limited is a sheduled bank or not ?

    Reply
  11. gautam.nmishra

    February 9, 2012 at 12:00 pm

    i want to know the total no. of schedule bank in india?

    Reply
    • Moloy Panja

      May 26, 2014 at 4:28 pm

      Please inform the list of schedule bank of India

      Reply
    • SIMI.O.B

      June 22, 2015 at 8:24 pm

      Is Gramin Bank scheduled or nationalised

      Reply
  12. skb44

    February 22, 2012 at 12:05 am

    The total no. of nationalised banks are 19 (the new bank of india merged with PNB in sept 1993)

    Reply
  13. shiv kumar

    March 8, 2012 at 2:55 pm

    this data are relevant with respect to 2nd IBPS cwe po exam…

    Reply
  14. rahul newar

    March 20, 2012 at 10:40 pm

    can aneone tell me how many non-schedule commercial bank operating in india?

    Reply
  15. G FRANCIS

    March 22, 2012 at 11:12 am

    Is HDFC bank is Scheduled Bank?

    Reply
  16. prem

    March 22, 2012 at 4:50 pm

    Is BNP Pasibas is a scheduled bank in India ?

    Reply
  17. lekharanavratan

    March 26, 2012 at 11:46 pm

    nationalised banks are 20 or 19????

    Reply
  18. NEERAJ

    April 2, 2012 at 10:39 pm

    please send me study material material of financial awareness……

    Reply
  19. NEERAJ

    April 2, 2012 at 10:40 pm

    please send me the latest study material of financial awareness….

    Reply
  20. bikash

    May 28, 2012 at 3:33 pm

    To my knowledge,
    There are 19 nationalised bank in India.
    SBI groups and IDBI are public sector bank.

    Note: All nationalised bank are public sector bank but all public sector bank are not nationalised bank.

    Reply
  21. vinod g

    July 26, 2012 at 11:16 pm

    SBI is not found in the list of public sector banks, now the total will come 27 public sector banks

    Reply
    • ramdas banoth

      January 22, 2015 at 2:27 pm

      sbi is partially nationalised

      Reply
    • ramdas banoth

      January 22, 2015 at 2:29 pm

      sbi is partially nationalised.
      share
      people-33%
      tata- 7.3%
      govt-59.7%

      Reply
  22. Ankita

    August 13, 2012 at 12:16 pm

    The current Nationalized bank is 20 , not 19 or 26. The information given by dis site is wrong plz correct it.

    Reply
  23. deepak

    October 29, 2012 at 8:23 am

    according to my experience there are 27 public sector and 30 private sector banks in India right now.

    Reply
  24. sheetal

    December 4, 2012 at 4:37 pm

    information given at this site is correct.

    Reply
  25. vineet rastogi

    December 13, 2012 at 4:53 pm

    kindly let us know that Aryabrit gramin bank, indergarh, distt Kannauj is schedule bank or nor.

    Reply
  26. Siva

    January 2, 2013 at 4:08 pm

    Is Lakshmi Vilas Bank the scheduled bank ?

    Reply
  27. Laxmi N. Patel

    January 5, 2013 at 9:23 am

    web is not update ,don’t believe

    Reply
  28. Vinay

    January 8, 2013 at 4:47 pm

    Yes lakshmivilas bank is a scheduled bank

    Reply
  29. bhagat

    January 9, 2013 at 11:04 pm

    Can I know if hdfc bank is considered as a private scheduled bank.

    Reply
  30. D J Terekar

    February 2, 2013 at 2:06 pm

    what about HSBC Bank ?
    Not scheduled one ?

    Reply
  31. Babi ganguly

    February 2, 2013 at 8:25 pm

    sir
    pls mention some important foreign bank name like other bank names . as per my knowledge RBS (former ABN AMRO)is a foreign bank am i confirmed

    Reply
  32. Gajendra singh

    February 3, 2013 at 10:22 am

    My idea IDBI BANK is nationalised bank but this equity is blow 51%.

    Reply
  33. pooja Gupta

    March 7, 2013 at 7:53 pm

    please update this article

    Reply
  34. Shailesh Bhatt

    March 8, 2013 at 12:05 pm

    The best bank currently in India And best facilities Yes bank.If you want good services then open account in Yes bank.

    Reply
  35. rkmehra

    April 6, 2013 at 10:15 am

    Pls infm if Axis bank Ltd. is Sheduled bank or not?

    Reply
    • Moloy Panja

      May 26, 2014 at 4:33 pm

      Pl. inform whether Axis Bank is listed in Schedule Bank of India?

      Reply
  36. manan gupta

    April 26, 2013 at 9:29 pm

    Pls infm if Kotak Mahindra Bank Ltd. is Scheduled Bank or not?

    Reply
  37. greta fernandez

    July 9, 2013 at 2:07 pm

    Please let me know whether Catholic Syrian Bank is a acheduled bank and i have fds which can be used for tax exemption.

    Reply
  38. shashi mg

    July 12, 2013 at 9:17 am

    whether HDFC bank is a nationalised bank?

    Reply
  39. Dr Vijay M Nimbalkar

    August 20, 2013 at 10:49 pm

    Thane Janta Sakhari Bank Ltd. (TJSB) is scheduled commercial bank or Not

    Reply
  40. [email protected]

    August 21, 2013 at 7:25 pm

    please inform the best bank in palakkad?

    Reply
  41. dheeraj

    August 23, 2013 at 8:04 pm

    HDFC bank is a private scheduleed bank….
    link is http://en.wikipedia.org/wiki/Scheduled_banks

    Reply
  42. Ravindra

    January 19, 2014 at 3:52 pm

    Indian mercantile co-operative bank Ltd., The Jammu & Kashmir Bank – Are These Banks Sheduled Bank or Not

    Reply
  43. pranav

    February 1, 2014 at 11:28 pm

    right now there are 21 nationalised banks after commencement of ‘Bhartiya mahila bank’…

    Reply
  44. DR.DILIP PATEL

    February 25, 2014 at 9:05 am

    i want latest list of schedual bank in india commercial and coperative

    thanks

    Reply
  45. Mohan

    February 25, 2014 at 9:39 pm

    Is Karur Vysya Bank is Scheduled bank?

    Reply
  46. Suresh Thakkar

    March 17, 2014 at 2:56 pm

    The Schedule banks have to follow the rules and regulations of recruitment.?

    Reply
  47. kuldeep sahoo

    May 19, 2014 at 9:20 pm

    Kindly mentioned detail about the list of total private sector,public sector and commercial sector bank.

    Reply
  48. Ningthem Laishram

    May 22, 2014 at 11:11 am

    Sir, a newly bank, Bharatiya Mahila Bank(BMB) was nationalised on 20 Nov 2013 buu not in the list of nationalise bank. I have 26 nationalise bank without BMB in the present.

    Reply
  49. krupesh

    May 24, 2014 at 2:14 pm

    List of scheduled commercial banks require, please mail me

    Reply
  50. Parmod Verma

    June 26, 2014 at 11:26 am

    I want to know HSBC bank is Schedule bank or not? can any one reply back As I need to make B.G from HSBC and condition in B.G is from Schedule bank only . Please help

    Reply
  51. khyati

    July 4, 2014 at 10:17 am

    It is mentioned above that IDBI bank ltd is a nationalized bank and also a new private sector bank..! please described this in brief…
    as according to my knowledge, there are 20 nationalized banks in India including RBI….

    Reply
  52. khyati

    July 4, 2014 at 10:19 am

    It is mentioned above that IDBI bank ltd is a nationalized bank and also a new private sector bank..! please described this in brief…
    as according to my knowledge, there are 19 nationalized banks in India including RBI….

    Reply
  53. mahendra singh meena

    July 28, 2014 at 8:48 am

    JK bank is scheduled bank or not? also it is commercial aur private

    Reply
  54. chaitu

    November 9, 2014 at 8:26 pm

    what about ECGC

    Reply
  55. Manish

    December 1, 2014 at 8:42 am

    What the bhartiya mahila bank? Is that a nationalised bank or not?

    Reply
  56. Vikas Saini

    December 8, 2014 at 5:20 pm

    One Bank is missing here in the list of Nationalised Public Sector Bank- Bharatiya Mahila Bank

    Reply
  57. sunil italiya

    January 1, 2015 at 1:38 pm

    what about hdfc bank?

    Reply
  58. Ramya

    January 3, 2015 at 11:17 am

    This web site is give correct information.

    Reply
  59. M R THULASIDAS

    January 6, 2015 at 9:53 pm

    use ful good information

    Reply
  60. Prince kariya

    January 25, 2015 at 12:29 pm

    i want to know that can we include veraval people bank in the list of scheduled bank.

    Reply
  61. vishwanath

    January 27, 2015 at 6:44 pm

    plz all about of indusind bank . i have no more information about indusind bank

    Reply
  62. Nazir Ahamed

    March 2, 2015 at 3:47 pm

    Whether HDFC bank comes under Scheduled bank ?

    Reply
  63. Mohdshareef

    March 19, 2015 at 11:09 am

    Does District co-operative banks come under Scheduled bank?

    Reply
    • GKToday

      March 19, 2015 at 11:36 am

      Yes. They are scheduled banks.

      Reply
  64. ap

    April 7, 2015 at 11:34 pm

    If there are 19 nationalised banks then why SBI is not listed in the list of nationslised banks when it was nationalised in 1955.

    Reply
  65. Rahul Mahajan

    June 11, 2015 at 8:34 am

    J&K Bank is the only private sector bank in India which designated as RBI agent for banking business and carries out the banking business of Central Govt. besides collecting central taxes for CBDT. The BANK was founded in 1 Oct 1938 under the letters patent issued by MAHARAJA HARI SIGH of Jammu & Kashmir..Now the Bank is State Govt owened (47% Govt and 53% private) but is considered as Oldest Private sector and Scheduled Bank in India.

    Reply
  66. pankaj

    July 6, 2015 at 6:46 am

    How many sschedul commercial banks in India at present

    Reply
  67. raj

    August 20, 2015 at 2:19 pm

    what about mudra bank

    Reply
  68. Virendra2708Rathore

    March 21, 2016 at 4:38 pm

    There are 27 Public Sector Banks. In Which 19 are Nationalised Banks & 6 State Bank Group ( S.B.I + 5 Associates of S.B.I + Other Psb’s Which includes IDBI & BMB )

    Reply
    • Virendra2708Rathore

      March 21, 2016 at 4:51 pm

      State bank Group are Also Natuonalised banks ….Which means there are 27 Nationalised banks …

      Reply
  69. ßhrì Hãrí

    June 16, 2016 at 4:45 pm

    Please define when the bank is established I.e which year it was established and the date please

    Reply
  70. umesh

    August 25, 2018 at 5:42 pm

    hi all
    i want to know if Axis Bank is scheduled bank or Nationalized Bank ?

    Reply
  71. Iseoma

    January 21, 2021 at 10:55 pm

    What are the types of commercial banks please?

    Reply
  72. Vivian

    January 21, 2021 at 11:01 pm

    Banks in Nigeria today

    Reply

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