Small Industries Development Bank of India

The Reserve Bank of India is the country’s central bank, set up in 1935 under the Reserve Bank of India Act and nationalised in 1949.

IDBI Bank is the former Industrial Development Bank of India, the development finance institution set up in 1964 that became a commercial bank in 2004; it is now majority-owned by the Life Insurance Corporation and the G

Exim Bank is the Government’s export credit agency, set up by Act of Parliament in 1982 to finance, facilitate and promote India’s foreign trade.

NABARD is the apex development bank for agriculture and rural India, set up in 1982 by Act of Parliament to take over the agricultural credit functions of the RBI.

State Bank of India is the largest bank in the country, descended from the Bank of Calcutta of 1806 through the Imperial Bank of India, and constituted in its present form in 1955.

HDFC Bank is India’s largest private sector bank, set up in 1994 among the first of the new private banks licensed after liberalisation.

ICICI Bank grew out of the Industrial Credit and Investment Corporation of India, the development finance institution set up in 1955, and became a commercial bank in 1994 before merging with its parent in 2002.

Axis Bank began in 1993 as UTI Bank, promoted by the Unit Trust of India and the public-sector insurers, and took its present name in 2007.