INDIA FULL DIRECTORY OF INDIAN AND FOREIGN BANKSS
In India, a list of banks in 2024 is defined by a published directory which contains all the banks and banking organizations to which a banking license has been granted by the Reserve Bank of India (RBI), the Indian financial regulator to allow them to operate on Indian territory.
In India, the list of banks is intended primarily to give an overview of the financial institutions present in the Indian subcontinent, including foreign banks and rural banks, in order to allow Indian consumers and entrepreneurs to choose a bank that covers their banking service needs.
In India, a directory of banks does not only cover organizations whose shareholders are predominantly Indian, but it will also include foreign banks which are present through subsidiaries and international bank branches as well as small finance banks and rural banks who are active.
In India, the list of banks in 2024 can also include bank representative offices which do not have banking operations since their role is limited to representing their bank and thus cannot offer to open an account or other banking services.
HOW MANY BANKS ARE IN INDIA IN 2024?
In 2024, according to the Reserve Bank of India (RBI), there are 34 banks in India including 12 state banks and 22 private banks and in addition, 46 foreign banks are active in India as well 43 Indian rural banks.
2024 INDIA LIST OF INDIAN BANKS INCLUDING FOREIGN, SMALL FINANCE BANKS AND RURAL BANKS (SOURCE: RESERVE BANK OF INDIA OR RBI)
India's complete banks list in 2024 is below: