In this article readers are able to understand what is scheduled commercial bank and what is private sector bank. We also given the list of private sector banks in India and their official websites.
What is Scheduled Commercial Bank?
Scheduled Banks in India are those banks which have been included in the Second Schedule of Reserve Bank of India (RBI) Act, 1934. Further, RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.
The banks included in this schedule list should fulfil two conditions.
- The paid capital and collected funds of bank should not be less than Rs. 5 lakh.
- Secondly, Any activity of the bank will not adversely affect the interests of depositors.
What is Scheduled Private Sector Bank?
Scheduled Private Sector Banks are those banks where the majority of the stake is held by shareholders of the bank and not by the Government of India. Most of the private sector bank’s shares are listed on Stock exchanges.
List of Scheduled Private Sector Banks
The following are the list of Private sector banks in India.
| S.No | Name of the Bank | Websites |
|---|---|---|
| 1 | Axis Bank Ltd | ww.axisbank.com |
| 2 | Bandhan Bank Ltd. | bandhanbank.com |
| 3 | CSB Bank Ltd | www.csb.co.in |
| 4 | City Union Bank Ltd | www.cityunionbank.com |
| 5 | DCB Bank Ltd. | www.dcbbank.com |
| 6 | Dhanlaxmi Bank Ltd. | www.dhanbank.com |
| 7 | Federal Bank Ltd. | www.federalbank.co.in |
| 8 | HDFC Bank Ltd | www.hdfcbank.com |
| 9 | ICICI Bank Ltd. | www.icicibank.com |
| 10 | Induslnd Bank Ltd | www.indusind.com |
| 11 | IDFC First Bank Ltd. | www.idfcfirstbank.com |
| 12 | Jammu & Kashmir Bank Ltd. | www.jkbank.com |
| 13 | Karnataka Bank Ltd. | karnatakabank.com |
| 14 | Karur Vysya Bank Ltd. | www.kvb.co.in |
| 15 | Kotak Mahindra Bank Ltd | www.kotak.com |
| 16 | Lakshmi Vilas Bank Ltd. | www.lvbank.com |
| 17 | Nainital Bank Ltd. | www.nainitalbank.co.in |
| 18 | RBL Bank Ltd. | www.rblbank.com |
| 19 | South Indian Bank Ltd. | www.southindianbank.com |
| 20 | Tamilnad Mercantile Bank Ltd | www.tmb.in |
| 21 | YES Bank Ltd. | www.yesbank.in |
| 22 | IDBI Bank Ltd | www.idbibank.in |
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2nd JAN 2022.