The concept of Banking in India dates back to the first half of 18th century.

The first bank that was established in the country was The General Bank of India founded in 1786. After that came the State Bank of India in Kolkata in 1806 which was then known as The Bank of Bengal. The operations of all the banks in India are controlled by the Reserve Bank of India. All the Indian banks are governed by the RBI or Reserve Bank of India. This governing body took over the reasonability of formally regulating the Indian banks in 1935. The Reserve Bank of India was announced as the official Central Banking Authority for the smooth supervision of the banking industry in India. Banks in India are classified into 2 broad categories namely, Public sector banks and Private sector banks. The banking scenario in India has already gained momentum, with the domestic and international banks gathering pace. All the banks in India are following the 'cost', determined by revenue minus profit model. This means that all the resources should be used efficiently to improve the productivity and ensure a win-win situation. To survive in the long run, it is essential to focus on cost saving. Previously, banks focused on the 'revenue' model which is equal to cost plus profit. Post the banking reforms, banks shifted their approach to the 'profit' model, which meant that banks aimed at higher profit maximization.

Public sector banks in India

Banks such as State Bank of India, Bank of Baroda, Syndicate Bank and Canara Bank are known as Public sector banks. Public sector banks are controlled and managed by the Government of India. Public sector banks have been serving the nation for over centuries and are well known for their affordable and quality services. The banking sector in India is mostly dominated by the Public sector banks. The Public sector banks in India alone account for about 75 percent of the total advances in the Indian banking industry. Public sector banks have shown remarkable growth over the last five four decades. Allahabad Bank was the first fully owned Indian bank. It was founded in the year 1865.

List of Public sector banks in India

Bank of Baroda Allahabad Bank State Bank of Saurashtra Central Bank of India State Bank of Patiala Andhra Bank Canara Bank State Bank of Hyderabad Oriental Bank of Commerce Dena Bank State Bank of Mysore State Bank of Indore

UCO Bank Vijaya Bank Syndicate Bank State Bank of India Bank of India Corporation Bank Indian Bank Union Bank of India Punjab National BankState Bank of Bikaner and Jaipur State Bank of Travancore

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Private sector banks in India

Private Banks are banks like HDFC bank, ICICI Bank, UTI bank and IDBI bank. The concept of private banking was introduced about 15 years ago. These are the banks that do not have any government stakes. Private Banks have gained quite a strong foothold in the Indian banking industry over the last few years especially because of optimum use of technology. The Private Banks are accountable for a share of 18.2 percent of the Indian banking industry. IndusInd Bank was the first private bank in India. Currently the bank is among the

fastest growing Bank Private Banks in the country. IDBI which is ranked as the tenth largest global development bank is counted as one of the finest financial institutions in the subcontinent.

List of Private sector banks in India

Bank of Rajasthan Catholic Syrian Bank Bank of Punjab Dhanlakshmi Bank HDFC Bank Karur Vysya Bank ING Vysya Bank Laxmi Vilas Bank Karnataka Bank South Indian Bank

United Western Bank UTI Bank Centurion Bank City Union Bank Development Credit Bank Federal Bank ICICI Bank IndusInd Bank Jammu & Kashmir Bank

Branches of Private sector banks in the different states in India ICICI Bank LTD in Maharashtra HDFC Bank in Maharashtra 40 2nd Floor Raheja Point, Narayan Property 26/A, Near Western Express Highway, Chandivili Farm Road, Andheri East, Vakola Pipe Line, Mumbai - 400072 Santacruz East, Mumbai - 400029 HDFC Bank in Maharashtra ICICI Bank LTD Times Tower Mezanine Floor, Gala No 2, Ground Flr, Kohli Niwas Kamala Mills Compound, Senapati Bapat Plot No 72, Tpsv Prabhat Colony, Marg, Santacruz East, Lower Parel, Mumbai - 400013 Mumbai - 400055

ICICI Bank LTD in West Bengal 1 A, Elgin Apartment, Ashutosh Mukherjee Road, Lala Lajpat RAI Sarani, Kolkata - 700020 ICICI Bank LTD in West Bengal 31, Chowringhee Road, Near Park Street Metro Station Park Street, Kolkata - 700016 ICICI Bank LTD in Karnataka No.496, Salarpuria House, Cmh Main Road, Indiranagar, Bangalore - 560038 ICICI Bank LTD in Karnataka No.1, 2ND Floor, ICICI Bank Towers, Shobha Pearl, Opp to Mayo Hall, Commissariat Road, Bangalore - 560025 Bank of Punjab in Karnataka No.543, Next To Food World, Cmh Main Road, Indiranagar, Bangalore - 560038 Bank of Punjab in West Bengal 72, Sarat Bose RD, Bhowanipur, Kolkata - 700025 HDFC Bank in Gujarat HDFC House, Ground Floor,

HDFC Bank in Andhra Pradesh H No 1-10-60/3, Suryodaya Building, Opp Shoppers Stop, Begumpet, Hyderabad - 500016 HDFC Bank in Andhra Pradesh D No 7-1-210, Ground Floor, Burugula SVC Complex, Balkampet, Main Road, Ameerpet, Hyderabad - 500016 Federal Bank in West Bengal Dr Harendra Kumar Mukherjee Sarani, Kolkata, West Bengal Federal Bank in Maharashtra Kandivili Mumbai greater Bombay Maharashtra Phone no: 022 28874433 28463083 Fax +91-484-2622672 Federal Bank in Karnataka P B No. 25058, 44 & 45 Residency Road, Bangalore, 560 025 Federal Bank in Karnataka No 70, Gandhi Bazar Main Road, First Floor, Basavanagudi, Bangalore, 560 004, Bangalore, Karnataka

Astral Tower, Mithakhali Six Roads, Mithakhali, Ahmedabad - 380009 Comparison between Private and Public Sector Banks The Private sector banks introduced the concept of online banking in India. This was mostly because the private banks were technologically well equipped. Online banking is extremely common today since you can sit anywhere and go ahead with your banking transactions. You do not have to personally visit your bank. The Private sector banks were using state of the art technology and fully computerized systems since the time they entered the Indian market whereas the Public sector banks were not. However despite the technological challenges the public sector banks in India are still the preferred destinations for many as they are considered as safer options for money deposit.

Table representing the net income of a few private and public banks

Bank Loans in India

Bank Jobs in India

List of Bank Branches in India

Abhyudaya Co Op Bank Ltd Abu Dhabi Commercial Bank Allahabad Bank Andhra Bank

Axis Bank Bank Of America Bank Of Bahrain And Kuwait Bank Of Baroda Bank Of Ceylon Bank Of India Bank Of Maharashtra Bank Of Tokyo Mitsubishi Ufj Ltd Barclays Bank Plc Bassein Catholic Co Op Bank Ltd Bnp Paribas Canara Bank Catholic Syrian Bank Ltd Central Bank Of India Chinatrust Commercial Bank Citibank Citizen Credit Co Op Bank Ltd City Union Bank Ltd Corporation Bank Credit Agricole Corp N Invsmnt Bank Dbs Bank Ltd Dena Bank Deutsche Bank Ag Development Credit Bank Limited Dhanlaxmi Bank Ltd Dicgc Dombivli Nagari Sahakari Bank Limited Firstrand Bank Limited Hdfc Bank Ltd Hsbc Bank Ltd Icici Bank Ltd Idbi Bank Ltd Indian Bank Indian Overseas Bank Indusind Bank Ltd Janakalyan Sahakari Bank Ltd Janata Sahakari Bank Ltd Jp Morgan Chase Bank Kapol Co Op Bank

Karnataka Bank Ltd Karur Vysya Bank Kotak Mahindra Bank Mahanagar Co Op Bank Ltd Maharashtra State Co Operative Bank Mashreq Bank Psc Mizuho Corporate Bank Ltd New India Co Operative Bank Ltd Nkgsb Co Op Bank Ltd Nutan Nagarik Sahakari Bank Ltd Oman International Bank Saog Oriental Bank Of Commerce Parsik Janata Sahakari Bank Ltd Punjab And Maharashtra Co Op Bank Ltd Punjab And Sind Bank Punjab National Bank Rajkot Nagarik Sahakari Bank Ltd Reserve Bank Of India Standard Chartered Bank State Bank Of Bikaner And Jaipur State Bank Of Hyderabad State Bank Of India State Bank Of Mysore State Bank Of Travancore The Ahmedabad Mercantile Co Operative Bank Ltd The Bank Of Nova Scotia The Bharat Co Operative Bank Mumbai Ltd The Cosmos Co Operative Bank Ltd The Federal Bank Ltd The Jammu And Kashmir Bank Ltd The Kalupur Commercial Co Op Bank Ltd The Kalyan Janata Sahakari Bank Ltd The Karad Urban Co Op Bank Ltd The Karnataka State Co Operative Apex Bank Ltd Ba The Lakshmi Vilas Bank Ltd The Mehsana Urban Co Operative Bank Ltd The Mumbai Sub Urban Co Op Bank Ltd The Nainital Bank Limited

The Nashik Merchants Co Op Bank Ltd The Ratnakar Bank Ltd The Royal Bank Of Scotland

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