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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
India Brand Equity Foundation. (November 30, 2023). Number of banks across India as of November 2023, by type [Graph]. In Statista. Retrieved December 24, 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 December 24, 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: December 24, 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 December 24, 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/