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Banking in India originated in the last decades of the 18th century. The
oldest bank in existence in India is the State Bank of India, a
government-owned bank that traces its origins back to June 1806 and that is
the largest commercial bank in the country. Currently, India has 88
scheduled commercial banks (SCBs) - 27 public sector banks (that is with the
Government of India holding a stake), 29 private banks (these do not have
government stake; they may be publicly listed and traded on stock exchanges)
and 31 foreign banks. They have a combined network of over 53,000 branches
and 17,000 ATMs. You can use your international debit/credit cards at ATMs,
which accept them, and at major retail outlets and restaurants.
Some of the Indian banks and foreign banks in India are listed below:
Abn Amro Bank
Allahabad Bank
American Express Bank
Andhra Bank
Bank of India
Canara Bank
Central Bank of India
Citibank
Corporation Bank
HDFC Bank
HSBC Bank
ICICI Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab National Bank
State Bank of India (SBI)
Standard Chartered Bank
IDBI
United Bank of India
Axis bank
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