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This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
In 2024, Forbes India listed IndusInd Bank as 9th among the Top 10 banks in India by market capitalization, with a market cap of ₹ 1.13 lakh crore. [24] The Indian Banks' Association awarded IndusInd Bank the title of "Best Technology Bank" in 2024. [25]
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges.
Here is Bankrate’s list of the best banks and credit unions for 2024. Best banks and credit unions The best banks and credit unions on our list typically have no minimum balance requirements and ...
Banking 111,210 18% 11,255 Bangalore Yes 28 Bank of Baroda: Banking 110,778 26% 14,905 Vadodara: Yes 29 Axis Bank: Banking 106,155 23% 10,818 Mumbai Yes 30 HCL Technologies: Infotech 102,881 19% 14,851 Noida 31 Punjab National Bank: Banking 99,374 12% 3,348 New Delhi Yes 32 Union Bank of India: Banking 97,079 19% 8,512 Mumbai Yes 33 Wipro ...
Federal Bank is recognized as ‘ESG Champions of India 2024’ in the Commercial Banks sector at the Dun & Bradstreet ESG Leadership Summit 2024. [30] Federal Bank is recognised at the IBA 19th Annual Technology Expo & Citation 2022-23 as the Best AI & ML Bank. The Bank also emerges as runner-up in Digital Engagement and received a special ...
• 'Best Mid-Sized Bank in India' Award at the Banking & Economy Summit in Gujarat, in March, 2024. • National Award for SHG Bank Linkage, in November 2023, by the Ministry of Rural Development, Government of India. • Best Public Sector Bank Award at FE India's Best Banks Awards'23.