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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.
"Best performing Co-operative Bank award" in 2008-2009 by Indian Achievers Forum, secured First position in the state of Rajasthan and ninth position on All India Basis. [citation needed] "Excellence in Customer Service Award" at The Banking Frontiers in Co-opative Banking Awards 2010 held by Banking Frontiers on 23 December 2010 at Goa. [1]
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.
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]
The bank was the first to achieve this milestone in respect of RuPay EMV cards along with the Bank of Baroda. [citation needed] In 2011, the bank was granted permission for All India Area of Operation by the Reserve Bank of India. The bank has a network of 284 fully computerised branches and 311 ATMs (Automated teller machine) as on 31 March ...
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