As of November 2023, there were 33 private and public banks licensed in India. In comparison to 2017, the number of public banks decreased due to merging activities. Until the market liberalization of the early 1990s nearly all banks in India had been nationalized. Besides these major banks there a nearly 100,000 urban and rural cooperative banks.
Number of banks across India as of November 2023, by type
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Other statistics that may interest you Banking in India
Overview
6
- Premium Statistic Number of banks in India 2023, by type
- Premium Statistic Value of bank assets in India FY 2013-2023
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- Premium Statistic Gross non-performing loan ratio SCBs India FY 2008-2023, with estimates for FY 2024
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Sectors
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- Premium Statistic Distribution of number of banks in India FY 2021, by sector
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- Basic Statistic Private sector bank assets in India FY 2013-2023
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- Premium Statistic Loan to deposit ratio of private sector banks in India FY 2017-2023
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Key players
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- Premium Statistic Leading public sector banks in India 2023, by market cap
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- Premium Statistic State Bank of India's brand value 2016-2023
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Digital banking
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- Premium Statistic Penetration rate of online banking in India 2014-2029
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- Premium Statistic Online banking frauds reported in India 2022, by state
Government initiatives
8
- Premium Statistic Number of rural and urban PMJDY recipients in India 2023, by sector
- Premium Statistic Value of PMJDY deposits in India 2023, by sector
- Premium Statistic Number of PMJDY recipients in India 2023, by public sector bank
- Premium Statistic Value of PMJDY deposits in India 2023, by public sector bank
- Premium Statistic Number of PMJDY recipients in India 2023, by major private bank
- Premium Statistic Value of PMJDY deposits in India 2023, by major private bank
- Premium Statistic Number of loan accounts under PMMY scheme India FY 2021, by category
- Premium Statistic Value of sanctioned loans under PMMY scheme India FY 2022, by financial institution
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Statistics
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India Brand Equity Foundation. (November 30, 2023). Number of banks across India as of November 2023, by type [Graph]. In Statista. Retrieved April 18, 2024, from https://www.statista.com/statistics/1021852/india-number-of-scheduled-banks-by-type/
India Brand Equity Foundation. "Number of banks across India as of November 2023, by type." Chart. November 30, 2023. Statista. Accessed April 18, 2024. https://www.statista.com/statistics/1021852/india-number-of-scheduled-banks-by-type/
India Brand Equity Foundation. (2023). Number of banks across India as of November 2023, by type. Statista. Statista Inc.. Accessed: April 18, 2024. https://www.statista.com/statistics/1021852/india-number-of-scheduled-banks-by-type/
India Brand Equity Foundation. "Number of Banks across India as of November 2023, by Type." Statista, Statista Inc., 30 Nov 2023, https://www.statista.com/statistics/1021852/india-number-of-scheduled-banks-by-type/
India Brand Equity Foundation, Number of banks across India as of November 2023, by type Statista, https://www.statista.com/statistics/1021852/india-number-of-scheduled-banks-by-type/ (last visited April 18, 2024)
Number of banks across India as of November 2023, by type [Graph], India Brand Equity Foundation, November 30, 2023. [Online]. Available: https://www.statista.com/statistics/1021852/india-number-of-scheduled-banks-by-type/