The Reserve Bank of India is the official Central Banking Authority for the smooth supervision of the banking industry in India. RBI regulates the banking monetary policy in India. Banks are classified into 4 broad categories – Commercial Banks, Small Finance Banks, Payment Banks and Co-operative Banks. Commercial Banks are further classified into Public sector banks and Private sector banks.
There are total of 91 commercial banks operating in India. Out of which, there are 20 Public Sector Banks in India including SBI and 19 nationalized banks. For detailed information on classification of banks, click here.
At Paisabazaar, we provide you with a brief profile of products and services of some of the Banks and Financial institutions.