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Banking System

Composition

The Reserve Bank of India (RBI) is India's central bank. Though the banking industry is currently dominated by public sector banks, numerous private and foreign banks exist.

Commercial banking system in India consists of 272 scheduled banks and four non-scheduled banks as on March 31, 1994. Of the scheduled banks, 224 are in the public sector and these account for about 82.4% of the commercial banking system.

In the public sector banking system, there are 196 Regional Rural Banks(RRBs) and the rest 28 are regular commercial banks. RRBs were set up especially to increase the flow of credit to small borrowers in the rural areas. These banks have specified areas of operations usually limited to two or three districts. Among the public sector banks, the State Bank of India is the largest (as on March 31, 1994) with 8,715 offices, deposits of Rs 892,910 million and advances of Rs 501,110 million.

The banking system has grown enormously in the last thirty years.

The 62,264 bank branches are distributed all over the country, including rural areas.

Indian Banks Abroad

101 branches of 9 Indian commercial banks were operating in foreign countries, as on March 31, 1994. These branches are spread over a number of countries and located in major centers like London, New York, Paris, Tokyo, Singapore and Bahrain. These branches specialize in various areas of international trade including financing of foreign trade.

The following list of banks are provided along with their websites for our user's convience.

Abu Dhabi Commercial Bank - Provides a wide range of banking services for NRIs
Allahabad Bank - The oldest public sector bank in India.
Andhra Bank - Official website of Andhra Bank.
Bank Addresses - E-mail addresses of banks in India
Bank of Baroda
Bank of India - Nationalized bank owned wholly by government of India.
Bank of Madura
Bank of Maharashtra
Bank of Punjab
Banking System - An article on banking system in India
Canara Bank - Leading public sector bank in India
Central Bank of India - Commercial bank with credit, deposit & international banking facilities
Centurion Bank Limited - Official web site with information on their schemes & services
Centurion Bank
Cipher Securities (India) Pvt. Ltd. - Investment bank, raising funds through private equity & venture capital
Citibank - The global consumer bank.
Corporation Bank
Cosmos Bank - Offering the services of a multistate scheduled co-operative.
Dena Bank - Premier nationalized bank
Development Credit Bank
EXIM Bank of India - Export import bank of India
Export Import Bank of India - Institution promoting international trade in India
Federal Bank Limited - Business objectives are defined by strong customer service.
Gaurdian Sahakara Bank Niyamita - Co-operative bank providing financial services & loans to weaker sections
Global Trust Bank - Private banking firm
HDFC Bank Ltd. - Scheduled Indian commercial bank with net banking, consumer loans etc.
ICICI Bank - The Industrial Credit and Investment Corporation of India.
IDBI Bank - Private sector bank promoted by IDBI and SIDBI.
Indian Bank - State-owned bank based in Chennai.
Indian Overseas bank - Premier public sector bank
IndusInd Bank Ltd - Leading private sector banking company
Industrial Development Bank of India - Promoting industrial and financial growth, entrepreneurship, etc.
Jammu & Kashmir Bank - Web site of the bank with information on banking services
Jammu and Kashmir Bank Ltd. - Private sector bank
Kalyan Bank - Official website of the bank
Kapol Co-operative Bank Ltd. - Bank profile, services, products, interest rates etc.
Lakshmi Vilas Bank
Mandvi Co-operative Bank Ltd. - A co-operative sector banking organisation
National Bank for Agriculture & Rural Development - Involved in lending to agriculture and allied activities.
Punjab National Bank - A leading public sector bank in India
Punjab and Maharashtra Co-operative Bank Pvt. Ltd. - A banking service that gives the customers utmost ease and convenience.
Punjab and Sind Bank - Full service Indian bank with branches across the country.
Ratnakar Bank Ltd. - Scheduled commercial bank with net banking & locker facilities
Reserve Bank of India - Reserve Bank of India is India's central bank.
Saraswat Co-operative Bank Ltd. - Scheduled bank offering car loans
Saraswat Co-operative Bank Ltd. - Premier co-operative banking institution
Small Industries Development Bank of India - The principal financial institution for small scale industries in India.
State Bank of Hyderabad - A commercial bank working as an associate SBI
State Bank of India
State Bank of Indore
State Bank of Mysore - An associate of State Bank of India.
State Bank of Saurashtra - An associate of the State Bank of India.
State Bank of Travancore - Your friend in every need.
Syndicate Bank - Owned by the government of India.
The Nedungadi Bank Ltd. - Active in Indian banking services.
The South Indian Bank Ltd.
The Thane Janata Sahakari Bank Ltd. - Co-operative bank to contribute in socio-economic development.
The United Western Bank Ltd. - Profile, services, products, NRI services, interest rates etc.
Times Bank - Official website with services, products, interest rates etc.
Times Bank - The convenience bank
UCO Bank - Public sector bank in India
UTI Bank - Official website with profile, activities, news, financials, promoters etc.
Union Bank of India (UBI)
Vijaya Bank - Official website with bank profile, services & schemes etc.
Vysya Bank
Vysya Bank
Wellman Investments and Merchant Bankers Ltd. - Engaged in merchant banking activities both fund-based and non-fund-based.

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