List of Government and private Banks

List of Public and Private Sector Banks in India (2021) and Their Branch Network

India’s banking sector is one of the largest and most diverse in the world, comprising both public sector undertakings (PSUs) and private sector banks. In 2021, these banks played a crucial role in the nation’s economic growth by providing banking services to millions of citizens across the country. The list below provides a detailed breakdown of major public and private sector banks in India and the number of branches they operated with, showcasing their reach and influence across the country.

Public Sector Undertakings (PSU) Banks in India

Public sector banks in India are owned and operated by the government. These banks are vital in financial inclusion, offering a wide range of services including savings and current accounts, loans, and government welfare schemes. Below is a list of some of the major public sector banks and their branch network:

1. State Bank of India (SBI) – 24,000 branches

As India’s largest and oldest commercial bank, SBI has an extensive network, the largest among all Indian banks, serving millions of customers nationwide.

2. Punjab National Bank (PNB) (with merger of Oriental Bank of Commerce and United Bank of India) – 11,437 branches

PNB’s reach extends across India, providing a comprehensive suite of banking services to rural and urban areas alike.

3. Bank of Baroda (BoB) – 13,153 branches

Known for its international presence as well, Bank of Baroda continues to be a major player in both retail and corporate banking.

4. Canara Bank (with merger of Syndicate Bank) – 8,801 branches

Canara Bank offers an extensive range of banking services, having grown significantly after its merger with Syndicate Bank.

5. Union Bank of India (with merger of Andhra Bank and Corporation Bank) – 6,798 branches

Union Bank of India has a significant footprint across India and offers diverse services to both individual and corporate clients.

6. Bank of India – 5,825 branches

One of the oldest public sector banks, Bank of India has a strong presence in urban and rural markets alike.

7. Indian Bank (with merger of Allahabad Bank) – 3,956 branches

After merging with Allahabad Bank, Indian Bank has increased its network, further expanding its reach.

8. Central Bank of India – 2,876 branches

A well-established name in Indian banking, the Central Bank has been offering services for over a century.

9. Indian Overseas Bank (IOB) – 2,995 branches

IOB is one of the prominent banks with a substantial number of branches across India, catering to a variety of banking needs.

10. UCO Bank – 2,377 branches

With its widespread network, UCO Bank is an important part of the Indian banking landscape.

11. Bank of Maharashtra – 1,860 branches

Bank of Maharashtra’s services are especially geared toward fostering economic development in rural and semi-urban regions.

12. Punjab & Sind Bank – 1,045 branches

Specializing in providing banking solutions to both urban and rural areas, this bank has a notable presence in northern India.

Private Sector Banks in India

Private sector banks are owned by private entities or corporations. These banks have gained prominence over the years due to their technological advancements, customer service, and wide range of financial products. Below are the key private sector banks and their branch distribution across India in 2021:

1. Axis Bank – 4,094 branches

Axis Bank has a robust branch network and is one of the top private banks offering a wide range of financial services.

2. Bandhan Bank – 1,000 branches

Bandhan Bank has made impressive strides in terms of branch expansion since its inception, focusing primarily on financial inclusion in rural areas.

3. Catholic Syrian Bank – 426 branches

Based in Kerala, Catholic Syrian Bank provides banking services across India, with a concentration in southern states.

4. City Union Bank – 600 branches

Known for its customer-centric approach, City Union Bank has a strong network, particularly in Tamil Nadu.

5. DCB Bank – 323 branches

A growing bank, DCB has steadily expanded its footprint, providing a range of retail and corporate banking solutions.

6. Dhanlaxmi Bank – 269 branches

A smaller regional player, Dhanlaxmi Bank operates predominantly in southern India, offering various banking products.

7. Federal Bank – 1,252 branches

Federal Bank is another prominent player based in Kerala, with a robust branch network spread across southern and western India.

8. HDFC Bank – 4,787 branches

HDFC Bank is one of India’s largest private banks, offering services ranging from personal banking to corporate financial solutions.

9. ICICI Bank – 4,882 branches

As one of India’s largest private sector banks, ICICI Bank has a comprehensive branch network that serves millions of customers nationwide.

10. IDBI Bank – 1,892 branches

IDBI Bank offers a range of financial products and has a significant presence across both urban and rural areas.

11. IDFC First Bank – 301 branches

IDFC First Bank has expanded rapidly over the years and is known for its excellent customer service and innovative financial products.

12. IndusInd Bank – 1,004 branches

IndusInd Bank has a strong branch network, serving customers across India with an array of personal, business, and wealth management services.

13. Jammu & Kashmir Bank – 958 branches

Predominantly located in the northern region, Jammu & Kashmir Bank provides vital banking services to the region.

14. Karnataka Bank – 835 branches

A regional bank with a strong presence in Karnataka and other southern states, Karnataka Bank continues to expand its reach.

15. Karur Vysya Bank – 668 branches

Based in Tamil Nadu, this bank has a solid branch network throughout the southern states.

16. Kotak Mahindra Bank – 1,369 branches

Kotak Mahindra Bank is one of the leading private banks in India, known for its wide range of financial products.

17. Lakshmi Vilas Bank – 570 branches

Operating mainly in southern India, Lakshmi Vilas Bank has a dedicated customer base in its operational regions.

18. Nainital Bank – 135 branches

A regional bank serving areas around Uttarakhand, Nainital Bank focuses primarily on providing banking services in its region.

19. RBL Bank – 342 branches

A bank that has gained popularity for its innovative products, RBL Bank continues to expand its branch network across the country.

20. South Indian Bank – 852 branches

Based in Kerala, South Indian Bank has a significant presence in southern India and is known for its personalized customer service.

21. Tamilnad Mercantile Bank Limited – 509 branches

A private bank with a strong regional presence in Tamil Nadu, Tamilnad Mercantile Bank is expanding its footprint.

22. Yes Bank – 1,050 branches

Yes Bank has become one of India’s leading private banks, offering diverse banking services across its expansive network.

Conclusion for Government and private Banks

The banking sector in India is diverse and expansive, with both public and private sector banks contributing significantly to the country’s financial infrastructure. Public sector banks dominate the landscape with a larger number of branches, especially in rural and underserved areas, while private sector banks focus on offering competitive products and superior customer service. Together, these banks cater to the diverse banking needs of the Indian populace, contributing to the overall growth and development of the Indian economy.