Updated List of Public and Private Sector Banks- India| (Difference B/W Public & Private Banks)


List of Public and Private Sector Banks- India

There are many banks in India, and in today’s era, every individual has an account in a bank. Moreover, through Dhan Yojana, even poor people can open their main bank account. There are different types of banks; some are privately owned banks, whereas some are public. If you want to know about the complete list of Public and Private Sector Banks in India, you can check the same details from this article.

Along with the detailed list, we have also provided the Difference Between Public & Private Banks. The Updated List of Public and Private Sector Banks in India and all other essential details have been stated below.

 List of Public and Private Sector Banks

Difference B/W Public & Private Banks

If you do not know the main difference between public and private sector banks, then look at the information given here and you will be able to know the difference between the two very well.

Difference B/W Public & Private Bank
Criteria Public Sector Bank Private Sector Bank
Controlling PSBs are owned and controlled by the GOI. Private Banks are owned and controlled by the private personals.
Shareholding The GOI holds 50% or more shares in these banks. In private banks majority of shareholdings are with private personals and corporations.
Registration These banks are established by passing acts in the parliament. These banks are formed by registered under the Indian Companies Act
Regulatory Control Reserve Bank of India issue guidelines, regulations, instructions, and rules. Reserve Bank of India issue guidelines, regulations, instructions, and rules.
Foreign Direct Investment   Maximum 20% Foreign Investment are permitted. Maximum 74 %, Investment are permitted. Single corporation or individuals are not permitted to invest more than 10 %.
Management Bank Board Bureau (BBB) is the official body for the selection of Management personals. These banks have their own selection process by keeping the RBI rules and regulations in mind.
Customer Services The process is little bit long and not a perfect Customer Services experience. These banks provide the good customer services to their customers.
Services Banking, and financial services are provided by the banks. Banking, and financial services are provided by the banks.
Loan Process Loan process is done through lengthy ways and there is very high paper work. Loan process is done easily and there is less paper work as compare to private banks.
Customer The customers with public banks is very high as there is a trust of government. These banks have less customers as it is managed by the private individuals and there is trust issues.
Employee Promotion The promotion is done as per the rules and regulations stated by the government time to time. The promotion is done on the basis of individuals worth and skills.

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Updated List of Public Sector Banks (PSBs)

Here is the updated list of government/public sector banks; you can check all the bank names by going through the below table.

List of Public Sector Banks
Anchor Bank Branches Established
Bank of Baroda 8,192 1908
Bank of India 5,000 1906
Bank of Maharashtra 1,897 1935
Canara Bank 10,342 1906
Central Bank of India 4,666 1911
Indian Bank 6,004 1907
Indian Overseas Bank 3,400 1937
Punjab and Sind Bank 1,554 1908
Punjab National Bank 10,641 1894
State Bank of India 24,000 1955
UCO Bank 4,000 1943
Union Bank of India 9,609 1919

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Updated List of Private Sector Banks

Check out the private sector bank list, every name of the private bank has been given in the below table. Total branches, establishment, and headquarters of the bank.

List of Private Sector Banks
Bank Name Branches Established
Axis Bank 4,800 1993
Bandhan Bank 5,371 2015
CSB Bank 417 1920
City Union Bank 700 1904
DCB Bank 341 1930
Dhanlaxmi Bank 247 1927
Federal Bank 1,284 1931
HDFC Bank 5,430 1994
ICICI Bank 5,288 1994
IDBI Bank 1,892 1964
IDFC First Bank 523 2015
IndusInd Bank 1,911 1994
Jammu & Kashmir Bank 1,038 1938
Karnataka Bank 858 1924
Karur Vysya Bank 779 1916
Kotak Mahindra Bank 1,600 2003
Nainital Bank 147 1922
RBL Bank 392 1943
South Indian Bank 929 1929
Tamilnad Mercantile Bank 509 1921
Yes Bank 1,119 2004

Updated List of Regional Rural Banks (RRBs)

The Government of India owns the Regional Rural Banks; the list of all the banks are currently available in our country has been provided below. 

Bank’s Name Established Branches
Andhra Pradesh Grameena Vikas Bank 2006 755
Andhra Pragathi Grameena Bank 2006 552
Chaitanya Godavari Gramin Bank 2006 219
Saptagiri Gramin Bank 2006 220
Arunachal Pradesh Rural Bank 1983 30
Assam Gramin Vikash Bank 2006 474
Dakshin Bihar Gramin Bank 2019 1078
Uttar Bihar Gramin Bank 2008 1032
Chhattisgarh Rajya Gramin Bank 2013 625
Baroda Gujarat Gramin Bank 2019 489
Saurashtra Gramin Bank 1978 259
Sarva Haryana Gramin Bank 2013 542
Himachal Pradesh Gramin Bank 2013 265
Ellaquai Dehati Bank 1979 116
Jammu And Kashmir Grameen Bank 2009 217
Jharkhand Rajya Gramin Bank 2019 443
Pragati Krishna Gramin Bank 2019 1142
Karnataka Vikas Grameena Bank 2005 633
Kerala Gramin Bank 2013 634
Madhya Pradesh Gramin Bank 2019 866
Madhyanchal Gramin Bank 2012 454
Maharashtra Gramin Bank 2008 391
Vidarbha Konkan Gramin Bank 2013 318
Manipur Rural Bank 1981 28
Meghalaya Rural Bank 1981 87
Mizoram Rural Bank 1983 85
Nagaland Rural Bank 1983 10
Odisha Gramya Bank 2013 549
Utkal Grameen Bank 2012 442
Puduvai Bharathiar Grama Bank 2008 43
Punjab Gramin Bank 2019 419
Rajasthan Marudhara Gramin Bank 2014 715
Baroda Rajasthan Kshetriya Gramin Bank 2013 833
Tamil Nadu Grama Bank 2019 630
Telangana Grameena Bank 2014 421
Tripura Gramin Bank 1976 142
Aryavart Bank 2019 1365
Baroda UP Bank 2020 2050
Prathama UP Gramin Bank 2019 938
Uttarakhand Gramin Bank 2012 286
Bangiya Gramin Vikash Bank 2007 587
Paschim Banga Gramin Bank 2007 230
Uttarbanga Kshetriya Gramin Bank 1977 142

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