As of November 2023, there were ** 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 ** urban and rural cooperative banks.
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India Brand Equity Foundation. (November 30, 2023). Number of banks across India as of November 2023, by type [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /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. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1021852/india-number-of-scheduled-banks-by-type/
India Brand Equity Foundation. "Number of Banks across India as of November 2023, by Type." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Nov 2023, /statistics/1021852/india-number-of-scheduled-banks-by-type/
India Brand Equity Foundation, Number of banks across India as of November 2023, by type ÌÇÐÄÆƽâ°æ, /statistics/1021852/india-number-of-scheduled-banks-by-type/ (last visited August 01, 2026)
Number of banks across India as of November 2023, by type [Graph], India Brand Equity Foundation, November 30, 2023. [Online]. Available: /statistics/1021852/india-number-of-scheduled-banks-by-type/
