The private sector banks in India are banks where the majority of the shares or equity are not held by the government but by private shareholders. In 1969 all major banks were nationalized by the Indian government. The private sector banks are split into two groups by financial regulators in India, old and new. Here the Private Sector Banks refer to those banks where most of the capital is in private hands. In India, there are two types of private sector banks viz. Old Private Sector Banks are those which existed in India at the time of Nationalization of the major banks but were not nationalized due to their small size or some other reason. After the banking reforms, these banks got a license to continue and have existed in India along with new private jobs and government banks.
As we all knew that there are about 12 old private banks in India. Among the below-mentioned banks, Nainital Bank is a subsidiary of the Bank of Baroda.
| Old Private Banks | New Private Sector banks in India. |
| Catholic Syrian Bank | Axis Bank |
| City Union Bank | Development Credit Bank (DCB Bank Ltd) |
| Dhanlaxmi Bank | HDFC Bank |
| Federal Bank | ICICI Bank |
| Jammu and Kashmir Bank | IndusInd Bank |
| Karnataka Bank | Kotak Mahindra Bank |
| Karur Vysya Bank | Yes Bank |
| Lakshmi Vilas Bank | IDFC |
| Nainital Bank | Bandhan Bank of Bandhan Financial Services. |
| Ratnakar Bank | - |
| South Indian Bank | - |
| Tamilnad Mercantile Bank | - |
The new private sector banks were incorporated as per the revised guidelines issued by the RBI regarding the entry of private sector banks in 1993.
