Different Types of Banks in India:

1. Government Banks (Public Sector Banks): These are banks owned and run by the Indian government. They are present all over the country and include big names like State Bank of India (SBI) and Punjab National Bank (PNB).

2. Private Banks: Private banks are owned by individuals or companies and operate to make a profit. They are known for modern technology and good customer service. Examples include HDFC Bank, ICICI Bank, and Axis Bank.

3. Cooperative Banks: These banks are like a club where members help each other with money. They are mostly found in smaller towns and rural areas, supporting local communities.

4. Foreign Banks: Some banks from other countries, like Citibank and HSBC, also operate in India. They offer services to people with global connections.

5. Regional Rural Banks (RRBs): RRBs focus on banking in rural and semi-urban areas. They are backed by commercial banks and the government, making sure that even far-flung places have access to banking.

6. Payment Banks: These banks are all about digital transactions and mobile payments. They don’t give traditional loans but make electronic banking easy.

7. Small Finance Banks: Small finance banks help people who are often left out by traditional banks. They focus on giving credit to poorer or underserved sections of society.

8. Development Banks: These banks support specific parts of the economy, like agriculture or industry. They help these areas grow and prosper.

9. Digital Banks: As India goes more digital, some banks work only on the internet. They offer paperless, easy banking for tech-savvy folks.

10. Non-Banking Financial Companies (NBFCs): These are not exactly banks, but they still do important financial work. They offer loans, manage assets, and provide specialized financial services.

India’s banking system is like a big family with lots of different members. It’s important to know about these different types of banks because it helps you make the right financial choices. Whether you’re a business owner, a regular person looking for a good savings account, or an investor, India has a bank that suits your needs.

By understanding these different bank types, you can make smart decisions and manage your money wisely.

Public sector banks – List of names of government banks

Public sector banks (government banks) have a large share of shares in such a bank with the government.
Like State Bank of India is a big bank. Which comes in the public sector bank. the government holds control over 58.87% of the government in this bank. Generally, public sector banks have more than 50% shares.

After the State Bank of India, Punjab National Bank is also a bigger share in bigger banks like

Public network
State Bank of Bikaner and Jaipur
State Bank of India
State Bank of Mysore
State Bank of Patiala
State Bank of Hyderabad
State Bank of Travancore

Nationalized banks – India’s largest bank List of banks of India

1. Allahabad Bank
2. Andhra Bank
3. Bank of India
4. Bank of Baroda
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
Oriental Bank of Commerce
13. Punjab & Sindh Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank

This is all the list of Indian Sarkari bank.

Other public sector banks
1. IDBI
2. Indian Female Bank

Private sector banks List of banks of India
Private sector bank (private sector bank) lives in the hands of its shareholders. Presently private sector banks are growing rapidly. Because the licensing process for private sector banks has been simplified since economic liberalization.

Private sector bank gives you more facility than Public sector banks.

For example, if you are going to open your account in SBI So all the work you have to do. And you have to stand in line too.

If you are going to open an account in HDFC, ICICI, then you do not have to do any hard work. Because you also fill out the account form for you. You talk respectfully.
This bank seems to be charged more. For this reason, this bank offers more facilities. If you want more facilities from the bank, then you go to the private bank, except government banks.

Private sector banks list 

I. ICICI Bank
2. Bandhan Bank
3. Catholic Syrian Bank
4. City Union Bank
5. Dhanlaxmi Bank
6. Yes Bank
7. DCB Bank
8. Equitas small Finance Bank
9. Federal Bank
10. HDFC Bank
11. Tamilnad Mercantile Bank Limited
12.Karnataka Bank
13. IndusInd Bank
14. Jammu and Kashmir Bank
15. Kotak Mahindra Bank
16. Karur Vysya Bank
17. Lakshmi Vilas Bank
18. Nainital Bank
19. RBL Bank
20. South Indian Bank
21. Axis Bank
22. U.P. Agro Corporation Bank List of banks of India
23. IDFC Bank