How Many Types Of Banks Are There In India?

What are the 4 types of banks?

The Different Types of BanksWhat Are Financial Institutions.

The kinds of institutions that exist in the finance industry run the gamut from central banks to insurance companies and brokerage firms.

Central Banks.

Retail Banks.

Commercial Banks.

Shadow Banks.

Investment Banks.

Cooperative Banks.

Credit Unions.More items…•.

What are the 3 types of banks?

There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank.

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which is the largest bank in India?

State Bank of India1. State Bank of India. The oldest of the Indian Banking Sector, SBI is also the largest bank in India and now a fortune 500 company.

Which is safest bank in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Is HDFC bigger than SBI?

The State Bank of India (SBI), the largest bank in India, is only worth one-third of HDFC Bank, which in its own right, is the largest private sector bank in the country. … However, the government ownership is a big reason for SBI being undervalued.

What are the main types of banks in India?

Public-sector banks. Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the government. … Private-sector banks. List of Private Banks: At present, there are 21 private banks in India as of 27 November 2020. … Regional Rural Banks (RRBs) … Foreign banks.

What is classification of bank?

There are two broad categories under which banks are classified in India- SCHEDULED AND NON-SCHEDULED BANKS. The scheduled banks include COMMERCIAL BANKS AND COOPERATIVE BANKS. The commercial banks include REGIONAL RURAL BANKS, SMALL FINANCE BANK, FOREIGN BANKS, PRIVATE SECTOR BANKS, and PUBLIC SECTOR BANKS.

Which bank is the richest?

The Industrial and Commercial Bank of China LimitedICBC -China Market cap: 1.94 trillion The Industrial and Commercial Bank of China Limited is the wealthiest bank in the world according to market capitalization. It is also ranked as the largest bank in the world when rated by total assets.