Scheduled Commercial Banks In India

The commercial banking structure in India consists of:

• Scheduled Commercial Banks in India

• Unscheduled Banks in India

Scheduled Banks in India constitute those banks which have been included in the Second
Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those
banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the
Act.

As on 30th June, 1999, there were 300 scheduled banks in India having a total network of
64,918 branches.The scheduled commercial banks in India comprise of State bank of
India and its associates (8), nationalised banks (19), foreign banks (45), private sector
banks (32), co-operative banks and regional rural banks.

"Scheduled banks in India" means the State Bank of India constituted under the State
Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State Bank of
India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted
under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank
included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), but
does not include a co-operative bank".

"Non-scheduled bank in India" means a banking company as defined in clause (c) of

section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled
bank".
Non Scheduled Banks;
1.They are not included in the second schedule of RBI Act,1934
2.Their paid up capital and Reserve fund is less than Rs 5 lakhs
3.They do not get benefits from RBI

The following are the Scheduled Banks in India (Public Sector):

• State Bank of India

• Στα τ ε Βα ν κ οφ Βικα ν ε ρ αν δ ϑα ι π υ ρ

• Στα τ ε Βα ν κ οφ Ηψ δ ε ρ α β α δ

• Στα τ ε Βα ν κ οφ Ινδο ρ ε

• Στα τ ε Βα ν κ οφ Μψ σ ο ρ ε

• Στα τ ε Βα ν κ οφ Σα υ ρ α σ η τ ρ α
 • Στα τ ε Βα ν κ οφ Τραϖ α ν χ ο ρ ε

• Αν δ η ρ α Βα ν κ

• Αλ λ α η α β α δ Βα ν κ

• Βα ν κ οφ Βα ρ ο δ α

• Βα ν κ οφ Ινδ ι α

• Βα ν κ οφ Μα η α ρ α σ η τ ρ α

• Χα ν α ρ α Βα ν κ

• Χεν τ ρ α λ Βα ν κ οφ Ινδ ι α

• Χο ρ π ο ρ α τ ι ο ν Βα ν κ

• ∆εν α Βα ν κ

• Ινδ ι α ν Οϖ ε ρ σ ε α σ Βα ν κ

• Ινδ ι α ν Βα ν κ

• Ορ ι ε ν τ α λ Βα ν κ οφ Χο µ µ ε ρ χ ε

• Πυ ν ϕ α β Να τ ι ο ν α λ Βα ν κ

• Πυ ν ϕ α β αν δ Σιν δ Βα ν κ

• Σψ ν δ ι χ α τ ε Βα ν κ

• Υν ι ο ν Βα ν κ οφ Ινδ ι α

• Υν ι τ ε δ Βα ν κ οφ Ινδ ι α

• ΥΧΟ Βα ν κ

ςιϕαψα Βα ν κ

The following are the Scheduled Banks in India (Private Sector):

• ING Vysya Bank Ltd

• Αξ ι σ Βα ν κ Λτδ

• Ινδυσ ι ν δ Βα ν κ Λτδ

• ΙΧ Ι Χ Ι Βα ν κ Λτδ

• Σου τ η Ινδ ι α ν Βα ν κ
 • Η∆ΦΧ Βα ν κ Λτδ

• Χεν τ υ ρ ι ο ν Βα ν κ Λτ δ

• Βα ν κ οφ Πυ ν ϕ α β Λτδ

• Ι∆Β Ι Βα ν κ Λτ δ

ϑαµ µ υ & Κα σ η µ ι ρ Βα ν κ Λτ δ.

The following are the Scheduled Foreign Banks in India:

• American Express Bank Ltd.

• ANZ Gridlays Bank Plc.

• Bank of America NT & SA

• Bank of Tokyo Ltd.

• Banquc Nationale de Paris

• Barclays Bank Plc

• Χι τ ι Βα ν κ Ν. Χ.

• ∆ευ τ σ χ η ε Βα ν κ Α. Γ .

• Ηο ν γ κ ο ν γ αν δ Σηα ν γ η α ι Βα ν κ ι ν γ
Χο ρ π ο ρ α τ ι ο ν

• Στα ν δ α ρ δ Χηα ρ τ ε ρ ε δ Βα ν κ.

• The Chase Manhattan Bank Ltd.

• Dresdner Bank AG.