Type 1.

Saving Banks
Saving banks are established to create saving habit among the people. These banks are helpful for
salaried people and low income groups. The deposits collected from customers are invested in
bonds, securities, etc. At present most of the commercial banks carry the functions of savings banks.
Postal department also performs the functions of saving bank.
Type 2. Commercial Banks
Commercial banks are established with an objective to help businessmen. These banks collect money from general
public and give short-term loans to businessmen by way of cash credits, overdrafts, etc. Commercial banks provide
various services like collecting cheques, bill of exchange, remittance money from one place to another place.
n ndia, commercial banks are established under Companies !ct, "#$%. n "#%#, "& commercial banks
were nationalised by 'overnment of ndia. Thepolicies regarding deposits, loans, rate of interest, etc. of these banks
are controlled by the Central (ank.
Type 3. Industrial Banks / Development Banks
ndustrial ) *evelopment banks collect cash by issuing shares + debenturesand providing long-term loans to
industries. The main objective of these banks is to provide long-term loans for expansion and modernisation of
industries.
n ndia such banks are established on a large scale after independence. They are ndustrial ,inance Corporation of
ndia -,C., ndustrial Credit and nvestment Corporation of ndia -CC. and ndustrial *evelopment (ank of ndia
-*(..
Type 4. Land Mortgage / Land Development Banks
/and 0ortgage or /and *evelopment banks are also known as Agricultural Banks because these are formed to
finance agricultural sector. They also help in land development.
n ndia, 'overnment has come forward to assist these banks. The 'overnment has guaranteed the debentures
issued by such banks. There is a great risk involved in the financing of agriculture and generally commercial banks do
not take much interest in financing agricultural sector.
Type . Indigenous Banks
ndigenous banks means Money Lenders and Sahukars. They collect deposits from general public and grant loans to
the needy persons out of their own funds as well as from deposits. These indigenous banks are popular in villages
and small towns. They perform combined functions of trading and banking activities. Certain well-known indian
communities likeMarwaries and Multani even today run specialised indigenous banks.
Type !. Central / "ederal / #ational Bank
1very country of the world has a central bank. n ndia, 2eserve (ank of ndia, in 3.4.!, ,ederal 2eserve and in
3.5, (ank of 1ngland. These central banks are the bankers of the other banks. They provide specialised functions
i.e. issue of paper currency, working as bankers of government, supervising and controlling foreign exchange. !
central bank is a non-profit making institution. t does not deal with the public but it deals with other banks. The
principal responsibility of Central (ank is thorough control on currency of a country.
Type $. Co%operative Banks
n ndia, Co-operative banks are registered under the Co-operative 4ocieties !ct, "#"6. They generally give credit
facilities to small farmers, salaried employees, small-scale industries, etc. Co-operative (anks are available in rural
as well as in urban areas. The functions of these banks are just similar to commercial banks.
Type &. '(c)ange Banks
7ong 5ong (ank, (ank of Tokyo, (ank of !merica are the examples of ,oreign (anks working in ndia. These banks
are mainly concerned with financing foreign trade.
,ollowing are the various functions of 1xchange (anks 8-
2emitting money from one country to another country,
*iscounting of foreign bills,
(uying and 4elling 'old and 4ilver, and
7elping mport and 1xport Trade.
Type *. Consumers Banks
Consumers bank is a new addition to the existing type of banks. 4uch banks are usually found only in advanced
countries like 3.4.!. and 'ermany. The main objective of this bank is to give loans to consumers for purchase of the
durables like 0otor car, television set, washing machine, furniture, etc. The consumers have to repay the loans in
easy installments.
/ist of banks in ndia
,rom 9ikipedia, the free encyclopedia
This is a partial list of corporations engaged in banking business within the territory of ndia.There are 6%
nationalised banks in ndia as of now.
+edit,Central Bank in India
2eserve (ank of ndia
+edit,#ationali-ed Banks
!s of now, there are 6% :ationali;ed (anks in ndia8
". 4tate (ank of ndia
6. 4tate (ank of (ikaner + <aipur
=. 4tate (ank of 7yderabad
&. 4tate (ank of 0ysore
$. 4tate (ank of >atiala
%. 4tate (ank of Travancore
?. !llahabad (ank
@. !ndhra (ank
#. (ank of (aroda
"A. (ank of ndia
"". (ank of 0aharashtra
"6. Canara (ank
"=. Central (ank of ndia
"&. Corporation (ank
"$. *ena (ank
"%. *( (ank
"?. ndian (ank
"@. ndian Bverseas (ank
"#. Briental (ank of Commerce
6A. >unjab :ational (ank
6". >unjab and 4ind (ank
66. 4yndicate (ank
6=. 3co (ank
6&. 3nited (ank of ndia
6$. 3nion (ank of ndia
6%. Cijaya (ank
+edit,.ld /rivate 0ector Banks/0ocieties
Catholic 4yrian (ank
City 3nion (ank
*hanlaxmi (ank
,ederal (ank
<ammu + 5ashmir (ank
5arnataka (ank
5arur Cysya (ank
/akshmi Cilas (ank
:ainital (ank
4outh ndian (ank
Tamilnad 0ercantile (ank
(ank of 2ajasthan merged with CC (ank in 6A"A.
4araswat (ank
+edit,#e1 private sector 2anks
!xis (ank
7*,C (ank
CC (ank
ndusnd (ank
:' Cysya (ank
5otak 0ahindra (ank
Des (ank
+edit,"oreign 2anks operating in India
!(: !02B (ank :.C. -:ow merged with 2(4.
!bu *habi Commercial (ank
!merican 1xpress (ank
!ustralia and :ew Eealand (ank
(ank nternasional ndonesia
(ank of !merica :!
(ank of (ahrain and 5uwait
(ank of Ceylon
(ank of :ova 4cotia -4cotia (ank.
(ank of Tokyo 0itsubishi 3,<
(arclays (ank >/C
(:> >aribas
Calyon (ank
Chinatrust Commercial (ank
Citibank :.!.
Credit 4uisse
*(4 (ank
*C( (ank now 27( (ank
*eutsche (ank !'
,irst2and (ank
74(C
<>0organ Chase (ank
5rung Thai (ank
0ashreq (ank psc
0i;uho Corporate (ank
2oyal (ank of 4cotland
4hinhan (ank
4ociFtF 'FnFrale
4onali (ank
4tandard Chartered (ank
4tate (ank of 0auritius
3(4
CT(
+edit,#on%0c)eduled 3r2an Co%operative Banks
/ist of :on-4cheduled 3rban Co-operative (ank as on ="-=-6A"A as per 2eserve (ank of ndia8
G"H
+edit,Indian Banks 1it) 2usiness outside India
/ist of subsidiaries of ndian (anks abroad as on :ovember =A, 6AA?8
G6H
+edit,"oreign 2anks 1it) 2usiness in India
(anks with branches in ndia.
G=H
!(: !02B (ank :.C. - 2oyal (ank of 4cotland
!bu *habi Commercial (ank /td
!merican 1xpress (ank
!ntwerp *iamond (ank
!rab (angladesh (ank
(ank nternational ndonesia
(ank of !merica
(ank of (ahrain + 5uwait
(ank of Ceylon
(ank of :ova 4cotia
(ank of Tokyo 0itsubishi 3,<
(arclays (ank
(:> >aribas
Calyon (ank
ChinaTrust Commercial (ank
Citibank
*(4 (ank
*eutsche (ank
74(C -7ongkong + 4hanghai (anking Corporation.
<>0organ Chase (ank
5rung Thai (ank
0ashreq (ank
0i;uho Corporate (ank
:ational !ustralia (ank
4hinhan (ank
4ociFtF 'FnFrale
4onali (ank
4tandard Chartered (ank
4tate (ank of 0auritius
3(4
"oreign Banks 1it) 4epresentative .55ices in India
!merican (anks
(ank of :ew Dork
9achovia (ank
:orthern Trust
!ustralian (anks
Commonwealth (ank
9estpac (anking Corporation
!ustrian (anks
2aiffeisen (ank nternational !.'.
(elgian (anks
,ortis (ank.
5.(.C. (ank :.C.
Canadian (anks
2oyal bank of Canada
3!1 (anks
1mirates (ank nternational
,rench (anks
Credit ndustriel et Commercial
:atixis
'erman (anks
(ayerische 7ypo und Cereinsbank
Commer;bank
*resdner (ank
*E (ank !' *eutsche Eentral I 'enossenschafts (ank
747 :ordbank
/andesbank (aden I 9urttemberg
rish (anks
*1>,! (ank
talian (anks
(anc ntesa (anca Commerciale taliana
(anca di 2oma
(anca >opulare *i Cerona 1 :ovara
(anca >opolare di Cicen;a
3( (anca I 3nione di (anche taliane
0onte *ei >aschi *i 4ienna
4anpaolo 0 (ank
3ni Credito taliano
:epalese (anks
1verest (ank
>ortuguese (anks
Caixa 'eral de *epositos
2ussian (anks
Cnesheconombank
>romsvya;bank
4outh !frican banks
,irst 2and (ank
4outh 5orean (anks
9oori (ank
4panish (anks
Caixa(ank 4.!. -/aCaixa.
(anco de 4abadell
(anco (ilbao Ci;caya !rgentaria
4ri /ankan (anks
7atton :ational (ank
4wiss (anks
Credit 4uisse
Eurcher 5antonal (ank