How Many Banks Are There in India? Full List, Types & RBI Approved Banks [2025]

 📌 Introduction

India's banking system is one of the most dynamic and diversified in the world. Whether you're a student, investor, entrepreneur, or simply curious, you might be wondering — how many banks are there in India?

In this detailed article, we’ll explore:

Total number of banks in India

Types of banks (public, private, cooperative, etc.)

Full list of scheduled banks approved by RBI

Digital and foreign banks operating in India

✅ For regular updates on Indian finance and banking, visit 👉 InvestwithBrain.com

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🔍 What are the Types of Banks in India?

India's banking system is supervised by the Reserve Bank of India (RBI). As of 2025, Indian banks are broadly categorized into:

1. Public Sector Banks (PSBs)

Owned and controlled by the government (majority shareholding >50%).

✅ Example: State Bank of India (SBI), Punjab National Bank (PNB)

2. Private Sector Banks

Privately owned, regulated by RBI.

✅ Example: HDFC Bank, ICICI Bank

3. Regional Rural Banks (RRBs)

Set up to serve rural areas and agricultural finance.

✅ Sponsored by a government + public bank + state govt.

4. Cooperative Banks

Community-based banks for small farmers, traders, and rural areas.

5. Small Finance Banks (SFBs)

Provide financial services to underserved sectors (MSMEs, unorganized sector).

6. Payments Banks

Digital-focused banks; allow deposits up to ₹2 lakh but no loans.

✅ Example: Paytm Payments Bank

7. Foreign Banks in India

Global banks operating branches or subsidiaries in India.

✅ Example: HSBC, Citi, Deutsche Bank

8. Digital / Neo Banks

Fully online banks offering services through apps or websites only.

✅ Example: Jupiter, Fi, Niyo

📊 Total Number of Banks in India (2025 Updated)

Type of Bank Number (Approx)

Public Sector Banks (PSBs) 12

Private Sector Banks 21

Regional Rural Banks 43

Cooperative Banks 1,500+

Small Finance Banks 12

Payments Banks 6

Foreign Banks (Branches) 46

Digital / Neo Banks 10+

👉 Total Banks in India (2025): 1,650+ (including all categories)

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🧾 List of Public Sector Banks (PSBs)

As of 2025, India has 12 public sector banks:

1. State Bank of India (SBI)

2. Punjab National Bank (PNB)

3. Union Bank of India

4. Canara Bank

5. Bank of Baroda

6. Indian Bank

7. Bank of India

8. Central Bank of India

9. UCO Bank

10. Bank of Maharashtra

11. Indian Overseas Bank

12. Punjab & Sind Bank

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💼 Popular Private Sector Banks in India

1. HDFC Bank

2. ICICI Bank

3. Axis Bank

4. Kotak Mahindra Bank

5. Yes Bank

6. IndusInd Bank

7. IDFC First Bank

8. Federal Bank

9. Bandhan Bank

10. South Indian Bank

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🌾 Regional Rural Banks (RRBs)

RRBs are sponsored by major banks and focus on rural development.

Examples:

Bangiya Gramin Vikash Bank

Kerala Gramin Bank

Baroda UP Bank

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🏦 What are Scheduled Banks?

Scheduled banks are listed under Schedule II of the RBI Act, 1934.

They follow RBI regulations and can borrow from RBI.

✅ All major banks (SBI, HDFC, ICICI, etc.) are scheduled banks.

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📈 Future of Banking in India

UPI and digital banking are booming.

More Neo-banks (fully online banks) are entering the market.

RBI is planning Central Bank Digital Currency (CBDC) in the future.

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📌 Keywords Used in Article:

How many banks in India

Total banks in India 2025

Types of banks in India

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Public and private banks list

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Digital banks in India

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📍 Final Thoughts

India has a strong and diverse banking ecosystem, and as digital innovation rises, more players are entering the market. Whether you’re investing, preparing for competitive exams, or growing a business — understanding the banking structure is essential.

For more such detailed finance and banking articles, visit 👉 InvestwithBrain.com

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🔗 FAQs

Q. How many banks are there in India in 2025?

→ More than 1,650 banks including public, private, RRBs, cooperative, etc.

Q. How many public sector banks in India?

→ 12 PSBs as of 2025.

Q. How many private banks in India?

→ 21 active private banks.

Q. Which bank is the largest in India?

→ State Bank of India (SBI) is the largest and most trusted.

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