Commercial Bank: List of Banks in India in 2020

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products that is operated as a business for profit.

Commercial Bank In India

It can also refer to a bank, or a division of a large bank, which deals with corporations or large/middle-sized business to differentiate it from a retail bank and an investment bank.


Services By Product:

Commercial banks generally provide a number of services to its clients, these can be split into core banking services such as deposits and loans and other services which are related to payment systems and other financial services.


Core products and services:

  • Accepting money on various types of Deposit accounts
  • Lending money by overdraft, and loans both secured and unsecured.
  • Providing transaction accounts
  • Cash management
  • Treasury management
  • Private equity financing
  • Issuing Bank drafts and Bank cheques
  • Processing payments via telegraphic transfer, EFTPOS, internet banking, or other payment methods.


Other functions

Along with core products and services, commercial banks perform several secondary functions. The secondary functions of commercial banks can be divided into agency functions and utility functions.

Agency functions include:

  • To collect and clear cheques, dividends, and interest warrant
  • To make payments of rent, insurance premium
  • To deal in foreign exchange transactions
  • To purchase and sell securities
  • To act as the trustee, attorney, correspondent and executor
  • To accept tax proceeds and tax returns


Utility functions include:

  • To provide safe deposit boxs to customers
  • To provide money transfer facility
  • To issue traveler's cheques
  • To act as referees
  • To accept various bills for payment: phone bills, gas bills, water bills
  • To provide various cards such as credit cards and debit cards



List of Banks in India in 2020


Anchor Bank Merged Banks Total Assets Branches Headquarter
Bank of Baroda (63.74%) Vijaya BankDena Bank ₹16,130 billion (US$230 billion) 9,481 Vadodara,Gujarat
Bank of India(87.054%) ₹9,030 billion (US$130 billion) 5,000 Mumbai,Maharashtra
Bank of Maharashtra (87.01%) ₹2,340 billion (US$33 billion) 1,897 Pune,Maharashtra
Canara Bank (72.55%) Syndicate Bank ₹15,203 billion (US$210 billion) 10,342 Bengaluru,Karnataka
Central Bank of India (88.02%) ₹4,680 billion (US$66 billion) 4,666 Mumbai,Maharashtra
Indian Bank (81.73%) Allahabad Bank ₹8,080 billion (US$110 billion) 6,104 Chennai,Tamil Nadu
Indian Overseas Bank (91%) ₹3,750 billion (US$53 billion) 3,400 Chennai,Tamil Nadu
Punjab and Sind Bank (79.62%) ₹1,710 billion (US$24 billion) 1,554 New Delhi,Delhi
Punjab National Bank (70.22%) Oriental Bank of CommerceUnited Bank of India ₹17,940 billion (US$250 billion) 11,437 New Delhi,Delhi
State Bank of India (61.00%) State Bank of Bikaner & JaipurState Bank of Hyderabad

State Bank of Indore

State Bank of Mysore

State Bank of Patiala

State Bank of Saurashtra

State Bank of Travancore

Bhartiya Mahila Bank

₹52,050 billion (US$730 billion) 24,000 Mumbai,Maharashtra
UCO Bank (93.29%) ₹3,170 billion (US$44 billion) 4,000 Kolkata,West Bengal
Union Bank of India (67.43%) Andhra BankCorporation Bank ₹14,594 billion (US$200 billion) 9,609 Mumbai,Maharashtra



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