You know about the banks and their working style, but do not know how many types of banks there are in India. Today, we are going to discuss the types of banks and their area and classifications. If you are preparing for the government bank exams like SBI, IBPSC, RRB PO, RBI, etc, banks. This article is for you and helps score to the maximum number.
There are many banks and their types classified in India. Yet we have tried to narrate them in short form with proper specification so that you will get factual information. Generally, Banks are financial institutions or organisations that act as intermediaries that facilitate various monetary transactions, including deposits, loans, and investments, as well as financial assistance.
Types of Banks in India
There are many bank types in India, and you have seen them in the market and business hub, but this is not as easy as you think to recognise. To identify any bank’s work and style depends on the region.
These are the links below, decorated with the details and factual info. As per the sources, there are 10 types of banks in India that provide the service entire India.
| S.No | Types of Banks | Example of Banks |
| 1. | Central Banks | Reserve Bank of India |
| 2. | Public Sector Banks | SBI Bank of India Bank of Baroda |
| 3. | Private Sector Banks | HDFC Bank ICICI Bank Axis Bank |
| 4. | Foreign Banks | Deutsche Bank American Express Banking Corporation DBS Bank |
| 5. | Co-operative Banks | Abhyudaya Co-operative Bank Ltd. Saraswat Co-operative Bank Ltd. Janakalyan Sahakari Bank Ltd. |
| 6. | Small Finance Banks | AU Small Finance Bank Utkarsh Small Finance Bank Suryoday Small Finance Bank |
| 7. | Payment Banks | Airtel Payments Bank Paytm Payments Bank India Post Payments Bank |
| 8. | Rural Banks | Baroda Gujarat Gramin Bank Uttar Bihar Gramin Bank Saptagiri Grameena Bank |
| 9. | Specialised Banks | National Housing Bank (NHB) Bharatiya Mahila Bank (BMB) National Cooperative Development Corporation (NCDC) |
| 10. | Local Area Banks | Maharashtra Gramin Bank Kerala Gramin Bank Karnataka Vikas Grameena Bank |