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Commercial Banks in India

A commercial bank is a type of financial intermediary and a type of bank. Commercial banking is also known as business banking. It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits. Commercial Banks in India are usually categorized into Scheduled Commercial Banks and Unscheduled Commercial Banks. The Scheduled Commercial Banks have been listed under the Second Schedule of the Reserve Bank of India Act, 1934. The selection assessment for listing a bank under the Second Schedule was provided in section 42 (60 of the Reserve Bank of India Act, 1934).

Activities of Commercial Banks:-
The modern Commercial Banks in India cater to the financial requirements of different sectors. The main functions of the commercial banks comprise:
  • Transfer of funds.
  • Acceptance of deposits.


  • Offering those deposits as loans for the establishment of industries.
  • Purchase of houses, capital investment purposes and equipments, etc.
  • The banks are allowed to act as trustees. On description of the knowledge of the financial market of India the financial companies are attracted towards them to act as trustees to take the responsibility of the security for the financial instrument like a debenture.


  • The Indian Government presently hires the commercial banks for different purposes like tax collection and refunds, payment of pensions etc.

List of Commercial Banks in India:
  • Reserve Bank of India
  • Abu Dhabi Commercial Bank
  • Allahabad Bank.
  • Andhra Bank
  • Bank of India
  • Bank of Madura
  • Bank of Punjab
  • Canara Bank
  • Chinatrust Commercial Bank
  • Citibank
  • City Union Bank
  • Corporation Bank

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