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:

  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
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:

  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
  1. Karur Vysya Bank
  2. Lakshmi Vilas Bank
  3. Nainital Bank
  4. Ratnakar Bank
  5. South Indian Bank
  6. Tamilnad Mercantile Bank

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.


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  • neha_ishu

    at present there are 19 nationalised banks

    • pooja

      can u plz name them plzzz its my project

      • Sanjay

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

        • Sanjay

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

    • hrishi

      at present there are 26 nationalised banks.

    • Abhishek

      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.

      [email protected]

    • N. Durai

      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.

    • Yuvraj

      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.

    • harshit_94

      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

  • vandana suman

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

    • muhammad Mujahid

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

  • prabhakar

    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???

  • paresh

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

  • Mohit

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

    • pratzzz

      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


    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


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

  • sweta

    There are 19 nationalised bank as per my knowlege

  • prathibha

    May i know whether DBS is Schedule bank are not?

  • jagbir singh

    The nanital bank limited is a sheduled bank or not ?

  • gautam.nmishra

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

    • Moloy Panja

      Please inform the list of schedule bank of India

    • SIMI.O.B

      Is Gramin Bank scheduled or nationalised

  • skb44

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

  • shiv kumar

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

  • rahul newar

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


    Is HDFC bank is Scheduled Bank?

  • prem

    Is BNP Pasibas is a scheduled bank in India ?

  • lekharanavratan

    nationalised banks are 20 or 19????


    please send me study material material of financial awareness……


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

  • bikash

    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.

  • vinod g

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

    • ramdas banoth

      sbi is partially nationalised

    • ramdas banoth

      sbi is partially nationalised.
      tata- 7.3%

  • Ankita

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

  • deepak

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

  • sheetal

    information given at this site is correct.

  • vineet rastogi

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

  • Siva

    Is Lakshmi Vilas Bank the scheduled bank ?

  • Laxmi N. Patel

    web is not update ,don’t believe

  • Vinay

    Yes lakshmivilas bank is a scheduled bank

  • bhagat

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

  • D J Terekar

    what about HSBC Bank ?
    Not scheduled one ?

  • Babi ganguly

    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

  • Gajendra singh

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

  • pooja Gupta

    please update this article

  • Shailesh Bhatt

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

  • rkmehra

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

    • Moloy Panja

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

  • manan gupta

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

  • greta fernandez

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

  • shashi mg

    whether HDFC bank is a nationalised bank?

  • Dr Vijay M Nimbalkar

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

  • [email protected]

    please inform the best bank in palakkad?

  • dheeraj

    HDFC bank is a private scheduleed bank….
    link is

  • Ravindra

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

  • pranav

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


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


  • Mohan

    Is Karur Vysya Bank is Scheduled bank?

  • Suresh Thakkar

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

  • kuldeep sahoo

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

  • Ningthem Laishram

    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.

  • krupesh

    List of scheduled commercial banks require, please mail me

  • Parmod Verma

    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

  • khyati

    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….

  • khyati

    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….

  • mahendra singh meena

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

  • chaitu

    what about ECGC

  • Manish

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

  • Vikas Saini

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

  • sunil italiya

    what about hdfc bank?

  • Ramya

    This web site is give correct information.


    use ful good information

  • Prince kariya

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

  • vishwanath

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

  • Nazir Ahamed

    Whether HDFC bank comes under Scheduled bank ?

  • Mohdshareef

    Does District co-operative banks come under Scheduled bank?

    • GKToday

      Yes. They are scheduled banks.

  • ap

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

  • Rahul Mahajan

    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.

  • pankaj

    How many sschedul commercial banks in India at present

  • raj

    what about mudra bank

  • Virendra2708Rathore

    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 )

    • Virendra2708Rathore

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

  • ßhrì Hãrí

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

  • umesh

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

  • Iseoma

    What are the types of commercial banks please?

  • Vivian

    Banks in Nigeria today