List Of All Public And Private Sector Banks In India 2022 (2024)

FAQs

How many private sector banks are there in India 2022? ›

At present, there are 21 private sector banks in India.

The Indian banking system consists of 12 public sector banks, 22 private sector banks, 44 foreign banks, 56 regional rural banks, 1,485 urban cooperative banks, and 96,000 rural cooperative banks in addition to cooperative credit institutions.

Public sector banks are those in which government share is more than 50% or equal to, and private sector banks are those, in which private firms or individuals own the majority of stocks.

India currently has 12 nationalised public sector banks.

The types of private banks in India include commercial banks, small finance banks, cooperative banks, and payments banks. HDFC Bank is the largest private bank in India, followed by ICICI Bank.

State Bank of India is currently the top or number 1 government bank in the country. Currently, it has a massive customer base of 48 crores, along with 22,405 branches and 65,627 ATMs across the country.

The government owns the majority of the shares in public sector banks, whereas private shareholders own the majority of the shares in private sector banks. There are 12 public sector banks and 21 private banks. Compared to commercial banks, public sector banks have a substantially larger customer base.

SBI, established in 1955, is the largest public sector banks in India. It is a prominent figure in the nation's financial sector.

Is TD bank public or private? ›

This group then acquired Canada Trust in 2000, creating a new entity called TD Canada Trust. Toronto-Dominion Bank is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol TD.

ICICI Bank, one of India's leading private sector lenders, continues to shine in the market, showcasing robust profitability and investor appeal amidst challenges faced by its peers.

HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry.

The public section banks in 2024 include the State Bank of India, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Bank of Maharashtra, Indian Bank, Indian Overseas Bank, Punjab National Bank, Punjab & Sind Bank, Union Bank of India, and UCO Bank.

There are 21 private banks in India as of 1 March 2023.

HDFC Bank

HDFC Bank was set-up in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC). It is India's largest private sector bank based on market capitalisation and assets. It tops the list of best private banks in India.

Private sector banks are banks where the majority of the bank's equity is owned by a private company or a group of individuals. They comply with the central bank's guidelines yet have a unique financial system.