How Many Banks Are There in India in 2026? Complete List of Scheduled Banks

India's banking sector forms the backbone of the country's financial system, offering a wide range of services to individuals, businesses, and government institutions. Regulated by the Reserve Bank of India (RBI), the banking ecosystem comprises different categories of scheduled banks, each serving specific financial and economic needs.

As of 2026, scheduled commercial banks in India include public sector banks, private sector banks, small finance banks, payment banks, regional rural banks (RRBs), and foreign banks operating in the country. Understanding these categories is useful for banking aspirants, competitive exam candidates, finance professionals, and anyone looking to learn about India's banking structure.

How Many Banks Are There in India in 2026?

India's banking system consists of various categories of scheduled banks, which are recognised under the Second Schedule of the Reserve Bank of India (RBI) Act. These banks play a vital role in accepting deposits, providing loans, supporting businesses, and promoting financial inclusion across the country.

Based on the available list of scheduled commercial banks, India has the following categories of banks in 2026:

*Note: Paytm Payments Bank's banking licence has been cancelled.

What Are Scheduled Banks in India?

Scheduled banks are banks included in the Second Schedule of the Reserve Bank of India (RBI) Act, 1934. These banks meet the eligibility criteria prescribed by the RBI and operate under its regulatory framework.

Scheduled banks include:

• Public sector banks

• Private sector banks

• Small finance banks

• Payment banks

• Regional rural banks

• Foreign banks operating in India

These institutions form the backbone of India's organised banking system.

Public Sector Banks List (SBI & Nationalised Banks)

Public sector banks are banks in which the Government of India holds a majority stake. They have one of the largest banking networks across the country and play an important role in financial inclusion.

The public sector banks in India include:

1. State Bank of India

2. Bank of Baroda

3. Bank of India

4. Bank of Maharashtra

5. Canara Bank

6. Central Bank of India

7. Indian Bank

8. Indian Overseas Bank

9. Punjab & Sind Bank

10. Punjab National Bank

11. UCO Bank

12. Union Bank of India

Private Sector Banks List

Private sector banks are primarily owned by private shareholders and offer a wide range of retail, corporate, and digital banking services.

The domestic private sector banks in India are:

1. Axis Bank

2. Bandhan Bank

3. CSB Bank

4. City Union Bank

5. DCB Bank

6. Dhanlaxmi Bank

7. Federal Bank

8. HDFC Bank

9. ICICI Bank

10. IndusInd Bank

11. IDFC FIRST Bank

12. Jammu & Kashmir Bank

13. Karnataka Bank

14. Karur Vysya Bank

15. Kotak Mahindra Bank

16. Nainital Bank

17. RBL Bank

18. South Indian Bank

19. Tamilnad Mercantile Bank

20. YES Bank

21. IDBI Bank

Small Finance Banks List

Small Finance Banks (SFBs) are established to improve financial access for underserved sections of society, including small businesses, farmers, and micro-enterprises.

The small finance banks operating in India are:

1. AU Small Finance Bank

2. Capital Small Finance Bank

3. Equitas Small Finance Bank

4. ESAF Small Finance Bank

5. Suryoday Small Finance Bank

6. Ujjivan Small Finance Bank

7. Utkarsh Small Finance Bank

8. slice Small Finance Bank

9. Jana Small Finance Bank

10. Shivalik Small Finance Bank

11. Unity Small Finance Bank

Payment Banks List

Payment banks primarily provide deposit, payment, remittance, and digital banking services. However, they do not offer regular lending services like commercial banks.

The payment banks are:

1. India Post Payments Bank

2. Fino Payments Bank

3. Paytm Payments Bank* (Banking licence cancelled)

4. Airtel Payments Bank

5. NSDL Payments Bank

Regional Rural Banks (RRBs) List

Regional Rural Banks (RRBs) primarily serve rural and semi-urban areas by providing banking facilities to farmers, agricultural workers, rural entrepreneurs, and small businesses.

The 28 Regional Rural Banks are:

1. Andhra Pradesh Grameena Bank

2. Assam Gramin Bank

3. Arunachal Pradesh Rural Bank

4. Bihar Gramin Bank

5. Chhattisgarh Gramin Bank

6. Gujarat Gramin Bank

7. Haryana Gramin Bank

8. Himachal Pradesh Gramin Bank

9. Jharkhand Gramin Bank

10. Jammu and Kashmir Grameen Bank

11. Karnataka Grameena Bank

12. Kerala Grameena Bank

13. Maharashtra Gramin Bank

14. Madhya Pradesh Gramin Bank

15. Manipur Rural Bank

16. Meghalaya Rural Bank

17. Mizoram Rural Bank

18. Nagaland Rural Bank

19. Odisha Grameen Bank

20. Punjab Gramin Bank

21. Puducherry Grama Bank

22. Rajasthan Gramin Bank

23. Tamil Nadu Grama Bank

24. Telangana Grameena Bank

25. Tripura Gramin Bank

26. Uttar Pradesh Gramin Bank

27. Uttarakhand Gramin Bank

28. West Bengal Gramin Bank

Foreign Banks Operating in India

Foreign banks operate in India through branches or wholly owned subsidiaries and provide banking services to retail, corporate, and international customers.

The scheduled foreign banks operating in India include:

1. AB Bank PLC

2. American Express Banking Corporation

3. Australia and New Zealand Banking Group Ltd.

4. Barclays Bank Plc.

5. Bank of America National Association

6. Bank of Bahrain and Kuwait B.S.C.

7. Bank of Ceylon

8. Bank of China Limited

9. Bank of Nova Scotia

10. BNP Paribas

11. Citibank N.A.

12. Coöperatieve Rabobank U.A.

13. Credit Agricole Corporate and Investment Bank

14. CTBC Bank Co., Ltd.

15. DBS Bank India Limited

16. Deutsche Bank A.G.

17. Doha Bank Q.P.S.C.

18. Emirates NBD Bank P.J.S.C.

19. First Abu Dhabi Bank PJSC

20. FirstRand Bank Limited

21. Hong Kong and Shanghai Banking Corporation Limited (HSBC)

22. Industrial and Commercial Bank of China

23. Industrial Bank of Korea

24. J.P. Morgan Chase Bank N.A.

25. JSC VTB Bank

26. KEB Hana Bank

27. Kookmin Bank

28. Mashreqbank P.S.C.

29. Mizuho Bank Ltd.

30. MUFG Bank, Ltd.

31. NatWest Markets Plc

32. NongHyup Bank

33. PT Bank Maybank Indonesia TBK

34. Qatar National Bank (Q.P.S.C.)

35. Sberbank

36. SBM Bank (India) Limited

37. Shinhan Bank

38. Societe Generale

39. Sonali Bank PLC

40. Standard Chartered Bank

41. Sumitomo Mitsui Banking Corporation

42. United Overseas Bank Limited

43. UBS AG

44. Woori Bank

Understanding India's Banking Structure

India's scheduled banking system includes multiple categories of banks, each serving different customer segments. Public sector and private sector banks provide a wide range of retail and corporate banking services. 

Small finance banks focus on financial inclusion, payment banks specialise in digital transactions, regional rural banks strengthen rural banking, while foreign banks support international banking and cross-border financial services.

Together, these institutions contribute to a diverse and well-regulated banking ecosystem.