Banking System in India
From Presidency Banks to the Digital Rupee: India's financial backbone, its reforms and contemporary metrics.
≈124 (2025)
Scheduled Commercial Banks (approx.)
≈1.65 Lakh (Sep 2024)
Bank Branches (total)
≈18–20 Bn / month (2025)
UPI / Digital Txns
Reserve Bank of India (RBI)
Apex RegulatorMonetary authority, banking regulator, and systemic stability guardian.
Scheduled Commercial Banks
Banks included in the 2nd Schedule of the RBI Act.
Public Sector Banks (PSBs)(12 (2025))
Ex: SBI, PNB, BoB
Private Sector Banks(21 (2025))
Ex: HDFC, ICICI, Axis
Foreign Banks(≈44)
Ex: Citi, HSBC
Regional Rural Banks (RRBs)(≈28)
Ex: Prathama Bank
Cooperative Banks
State & urban cooperative banks; varying regulation and reform agenda.
Urban Cooperative Banks (UCBs)
State Cooperative Banks
Differentiated & Niche Banks
Designed for financial inclusion and specialised services.
Small Finance Banks (SFBs)(11 (2025))
Ex: AU, Equitas
Payments Banks(5 (2025))
Ex: Paytm Payments Bank, IPPB