Scheduled Banks (India)

Structure of the organised banking sector in India.

Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India 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 said Act. Banks not under this Schedule are called Non-Scheduled Banks.

Facilities

Every Scheduled bank enjoys two types of principal facilities: it becomes eligible for debts/loans at the bank rate from the RBI; and, it automatically acquires the membership of clearing house.[1]

Internal Classification

The Scheduled banks comprise Scheduled Commercial Banks and Scheduled Co-operative banks. The further classification is as follows:

Number of Banks

1. Scheduled Commercial Banks

A. [2]Public Sector Banks 21

  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. [3]IDBI Bank
  11. Indian Bank
  12. Indian Overseas Bank
  13. Oriental Bank Of Commerce
  14. Punjab And Sind Bank
  15. Punjab National Bank
  16. [4]State Bank of India
  17. Syndicate Bank
  18. UCO Bank
  19. Union Bank Of India
  20. United Bank Of India
  21. Vijaya Bank

B. [5]Private Sector Banks 40

Private Banks 21

  1. Axis Bank Ltd.
  2. Bandhan Bank Ltd.
  3. Catholic Syrian Bank Ltd.
  4. Citi Union Bank Ltd.
  5. Development Credit Bank Ltd.
  6. Dhanalakshmi Bank Ltd.
  7. Federal Bank Ltd.
  8. HDFC Bank Ltd.
  9. ICICI Bank Ltd.
  10. IDFC Bank Ltd.
  11. IndusInd Bank Ltd.
  12. Jammu & Kashmir Bank Ltd.
  13. Karnataka Bank Ltd.
  14. Karur Vysya Bank Ltd.
  15. Kotak Mahindra Bank Ltd.
  16. Lakshmi Vilas Bank Ltd.
  17. Nainital Bank Ltd.
  18. Ratnakar Bank Ltd.
  19. South Indian Bank Ltd.
  20. Tamilnad Mercantile Bank Ltd.
  21. Yes Bank Ltd.

Local Area Banks 03

  1. Coastal Local Area Bank Ltd.
  2. Krishna Bhima Samruddhi Local Are Bank Ltd.
  3. Subhadra Local Area Bank Ltd.

Small Finance Banks 10

  1. AU Small Finance Bank Ltd.
  2. Capital Small Finance Bank Ltd.
  3. Equitas Small Finance Bank Ltd.
  4. ESAF Small Finance Bank Ltd.
  5. Fincare Small Finance Bank Ltd.
  6. Jana Small Finance Bank Ltd.
  7. North East Small Finance Bank Ltd.
  8. Suryoday Small Finance Bank Ltd.
  9. Ujjivan Small Finance Bank Ltd.
  10. Utkarsh Small Finance Bank Ltd.

Payments Banks 06

  1. Aditya Birla Idea Payments Bank Ltd.
  2. Airtel Payments Banks Ltd.
  3. Fino Payments Bank Ltd.
  4. India Post Payments Bank Ltd.
  5. Jio Payments Bank Ltd.
  6. PayTm Payments Bank Ltd.

C. [6]Foreign Banks 45

  1. AB Bank Ltd.
  2. Abu Dhabi Commercial Bank PJSC
  3. American Express Banking Corp.
  4. Asutralia and New Zealand Banking Group Ltd.
  5. Bank Of America
  6. Bank Of Bahrain & Kuwait B.S.C
  7. Bank Of Ceylon
  8. Bank Of Nova Scotia
  9. Barclays Bank PLC
  10. BNP Paribas
  11. Citi Bank N.A.
  12. Cooperatieve Centrale Raiffeisen-Boerenleen Bank B.A.
  13. Credit Agricole Corporate and Investment Bank
  14. Credit Suisse A.G
  15. CTBC Bank Co. Ltd.
  16. DBS Bank Ltd.
  17. Deutsche Bank A.G
  18. Doha Bank
  19. Emirates NBD Bank PJSC
  20. First Abu Dhabi Bank PJSC
  21. First Rand Bank Ltd.
  22. HSBC Ltd.
  23. Industrial and Commercial Bank of China Ltd.
  24. Industrial Bank of Korea
  25. JPMorgan Chase Bank N.A.
  26. JSC VTB Bank
  27. KEB Hana Bank
  28. Krung Thai Bank Public Co. Ltd.
  29. Mashreq Bank PSC
  30. Mizuho Corporate Bank Ltd.
  31. National Australia Bank
  32. PT Bank MayBank Indonesia TBK
  33. Qatar National Bank SAQ
  34. Royal Bank of Scotland
  35. Sber Bank
  36. Shinhan Bank
  37. Societe General
  38. Sonali Bank Ltd.
  39. Standard Chartered Bank
  40. State Bank Of Mauritius Ltd.
  41. Sumitomo Mitsui Banking Corporation
  42. The Bank Of Tokyo-Mitsubishi UFJ, Ltd.
  43. United Overseas Bank Ltd.
  44. Wespac Banking Corporation
  45. Woori Bank

D. [7]Regional Rural Banks 56

  1. Andhra Pradesh Grameena Vikas Bank
  2. Allahabad UP Gramin Bank
  3. Andhra Pragathi Grameena Bank
  4. Arunachal Pradesh Rural Bank
  5. Assam Gramin Vikash Bank
  6. Bangiya Gramin Vikash Bank
  7. Baroda Gujarat Gramin Bank
  8. Baroda Rajasthan Kshetriya Gramin Bank
  9. Baroda Uttar Pradesh Gramin Bank
  10. Bihar Gramin Bank
  11. Central Madhya Pradesh Gramin Bank
  12. Chaitanya Godavari Grameena Bank
  13. Chhattisgarh Rajya Gramin Bank
  14. Dena Gujarat Gramin Bank
  15. Ellaquai Dehati Bank
  16. Gramin Bank of Aryavart
  17. Himachal Pradesh Gramin Bank
  18. J&K Grameen Bank
  19. Jharkhand Gramin Bank
  20. Karnataka Vikas Grameena Bank
  21. Kashi Gomti Samyut Gramin Bank
  22. Kaveri Grameena Bank     
  23. Kerala Gramin Bank
  24. Langpi Dehangi Rural Bank
  25. Madhya Bihar Gramin Bank
  26. Madhyachal Gramin Bank
  27. Maharashtra Gramin Bank
  28. Malwa Gramin Bank
  29. Manipur Rural Bank
  30. Meghalaya Rural Bank
  31. Mizoram Rural Bank
  32. Nagaland Rural Bank
  33. Narmada Jhabua Gramin Bank
  34. Odisha Gramya Bank
  35. Pallavan Grama Bank
  36. Pandyan Grama Bank
  37. Paschim Banga Gramin Bank
  38. Pragathi Krishna Grameena Bank
  39. Prathama Bank               
  40. Puduvai Bharathiar Grama Bank
  41. Punjab Gramin Bank
  42. Purvanchal Gramin Bank
  43. Rajasthan Marudhara Gramin Bank
  44. Saptagiri Grameena Bank
  45. Sarva Haryana Gramin Bank
  46. Sarva UP Gramin Bank
  47. Saurashtra Gramin Bank
  48. Sutlej Kshetriya Gramin Bank
  49. Telangana Grameena Bank
  50. Tripura Gramin Bank
  51. Utkal Grameen Bank
  52. Uttar Banga Kshetriya Gramin Bank
  53. Uttar Bihar Gramin Bank
  54. Uttarakhand Gramin Bank
  55. Vananchal Gramin Bank
  56. Vidarbha Konkan Gramin Bank

E. Co-operative Banks

[8]State Co-operative Banks 20

  1. Andhra Pradesh State Co-operative Bank Ltd.
  2. The Bihar State Co-operative Bank Ltd.
  3. Chhatisgarh Rajya Sahakari Bank Maryadit
  4. The Goa State Co-operative Bank Ltd.
  5. The Gujarat State Co-operative Bank Ltd.
  6. Haryana Rajya Sahakari Bank Ltd.
  7. Himachal Pradesh State Co-operative Bank Ltd.
  8. Karnataka State Co-operative Apex Bank Ltd.
  9. Kerala State Co-operative Bank Ltd.
  10. Madhya Pradesh Rajya Sahakari Bank Maryadit
  11. The Maharashtra State Co-operative Bank Ltd.
  12. The Orissa State Co-operative Bank Ltd.
  13. Pondicherry State Co-operative Bank Ltd.
  14. Punjab State Co-operative Bank Ltd.
  15. The Rajasthan State Co-operative Bank Ltd.
  16. Tamil Nadu State Apex Co-operative Bank Ltd.
  17. Telangana State Cooperative Apex Bank Ltd.
  18. The Uttar Pradesh Co-operative Bank Ltd.
  19. Uttarakhand State Co-operative Bank Ltd.
  20. West Bengal State Co-operative Bank Ltd.

[9]Urban Co-operative Banks 54

  1. Abhyudaya Co-operative Bank Ltd.
  2. Ahmedabad Mercantile Co-Op Bank Ltd.
  3. Amanath Co-operative Bank Ltd.
  4. Andhra Pradesh Mahesh Co-Op Urban Bank Ltd.
  5. Apna Sahakari Bank Ltd.
  6. Bassein Catholic Co-operative Bank Ltd.
  7. Bharat Co-operative Bank (Mumbai) Ltd.
  8. Bharati Sahakari Bank Limited.
  9. Bombay Mercantile Co-operative Bank Limited
  10. Citizen Credit Co-operative Bank Ltd.
  11. Cosmos Co-operative Bank Ltd
  12. Dombivli Nagari Sahakari Bank Ltd.
  13. Goa Urban Co-operative Bank Limited.
  14. Gopinath Patil Parsik Janata Sahakari Bank Ltd.
  15. Greater Bombay Co-operative Bank Limited
  16. GS Mahanagar Co-operative Bank Ltd.
  17. Indian Mercantile Co-operative Bank Ltd.
  18. Jalgaon Janata Sahakari Bank Ltd.
  19. Jalgaon People's Co-operative Bank Ltd.
  20. Janakalyan Sahakari Bank Ltd.
  21. Janalaxmi Co-operative Bank Ltd.
  22. Janata Sahakari Bank Ltd.
  23. Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd.
  24. Kalupur Commercial Coop.Bank Ltd.
  25. Kalyan Janata Sahakari Bank Ltd.
  26. Kapol Co-operative Bank Ltd.
  27. Karad Urban Co-operative Bank Ltd.
  28. Mapusa Urban Co-operative Bank of Goa Ltd.
  29. Mehsana Urban Co-Op Bank Ltd.
  30. Nagar Urban Co-operative Bank Ltd.
  31. Nagpur Nagrik Sahakari Bank Ltd.
  32. Nasik Merchant's Co-operative Bank Ltd.
  33. New India Co-operative Bank Ltd.
  34. NKGSB Co-operative Bank Ltd.
  35. Nutan Nagarik Sahakari Bank Ltd.
  36. Pravara Sahakari Bank Ltd.
  37. Punjab & Maharashtra Co-operative Bank Ltd.
  38. Rajarambapu Sahakari Bank Ltd.
  39. Rajkot Nagrik Sahakari Bank Ltd.
  40. Rupee Co-operative Bank Ltd.
  41. Sangli Urban Co-operative Bank Ltd.
  42. Saraswat Co-operative Bank Ltd.
  43. Sardar Bhiladwala Pardi Peoples Coop Bank Ltd.
  44. Shamrao Vithal Co-operative Bank Ltd.
  45. Shikshak Sahakari Bank Ltd.
  46. Solapur Janata Sahakari Bank Ltd.
  47. Surat Peoples Coop Bank Ltd.
  48. Thane Bharat Sahakari Bank Ltd.
  49. The Akola Janata Commercial Co-operative Bank Ltd.
  50. The Akola Urban Co-operative Bank Ltd.
  51. The Khamgaon Urban Co-operative Bank Ltd.
  52. TJSB Sahakari Bank Ltd.
  53. Vasai Vikas Sahakari Bank Ltd.
  54. Zoroastrian Co-operative Bank Ltd.

2. Non Scheduled Commercial Banks

A. [10]State Co-operative Banks 13

  1. Andaman and Nicobar State Co-operative Bank Ltd.
  2. Arunachal State Co-operative Apex Bank Ltd.
  3. Assam Co-operative Apex Bank Ltd.
  4. Chandigarh State Co-operative Bank Ltd.
  5. Delhi State Cooperative Bank Ltd.
  6. Jammu and Kashmir State Co-operative Bank Ltd.
  7. Jharkhand State Cooperative Bank Ltd.
  8. Manipur State Co-operative Bank Ltd.
  9. Meghalaya Co-operative Apex Bank Ltd.
  10. Mizoram Co-operative Apex Bank Ltd.
  11. Nagaland State Co-operative Bank Ltd.
  12. Sikkim State Co-operative Bank Ltd.
  13. Tripura State Co-operative Bank Ltd.

B. [11]District Co-operative Banks 364

C. [12]Urban Co-operative Banks 1494

See also

References

  1. ↑ "Bharatiya Mahila Bank included in second schedule to RBI Act". Live Mint. 21 May 2014. Retrieved 3 March 2015.
  2. ↑ https://www.rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=Nationalised.htm
  3. ↑ https://www.rbi.org.in/scripts/HistoryDisplay.aspx?pg=OtherPublic.html
  4. ↑ https://www.rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=SBIandAssociates.htm
  5. ↑ https://www.rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=Indian.htm
  6. ↑ https://www.rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=Foreign.htm
  7. ↑ https://www.rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=RegionalRuralBanks.htm
  8. ↑ http://rbidocs.rbi.org.in/rdocs/Content/pdfs/SCCB20141702.pdf
  9. ↑ https://rbidocs.rbi.org.in/rdocs/Content/pdfs/schedulecoop.pdf
  10. ↑ https://rbidocs.rbi.org.in/rdocs/Content/pdfs/NSCB20141402.pdf
  11. ↑ https://rbidocs.rbi.org.in/rdocs/Content/pdfs/DCCB20141702.pdf
  12. ↑ https://rbidocs.rbi.org.in/rdocs/Content/pdfs/nonschedulecoop.pdf

Further reading

  • "Reserve Bank of India Act, 1934: The Second Schedule" (PDF). Reserve Bank of India. p. 91-100.
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