GDP GROWTH IN INDIA

India to grow at 7.8% in 2015, surpass China: Fitch Ratings

Among the BRICS grouping, GDP growth will range from 7.8 percent in India to a contraction of 3 percent in Russia and 1.5 percent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.

India is expected to grow at 7.8 percent in 2015, surpassing China's growth rate, and further accelerate to 8 percent and 8.1 percent in subsequent years, global rating agency Fitch said on Tuesday.

Among the BRICS grouping, GDP growth will range from 7.8 percent in India to a contraction of 3 percent in Russia and 1.5 percent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.

As regards China, the report said the growth rate "is in a gradual structural slowdown and our unchanged growth forecast is 6.8 percent in 2015, 6.5 percent in 2016 and 6 percent in 2017".

"India's GDP growth will surpass China's this year for the first time since 1999

4 charged in Dena Bank cheating case

NEW DELHI: The Central Bureau of Investigation has filed a chargesheet against four including the then Vice President of a Mumbai-based business group Showman Group - for allegedly cheating Dena Bank to the tune of Rs 220 crore.

In its chargesheet filed before the Special Court Mumbai, CBI has accused Vimal Barot, the then Vice President of Showman Group, Pritam Nagarkar, then Chief Manager of Dena Bank, and two persons, Devendra Bhogle and Rahul Gohil, of cheating and forgery under IPC and provisions of Prevention of Corruption Act.

"CBI had registered a case on the allegations that then Vice-President/Vice-Chairman of a private company based at Mumbai in connivance with then Chief Manager, Dena Bank, Malabar Hill branch, Mumbai, and other private persons committed a fraud of Rs 220 crores (approx) on Dena Bank," CBI press information officer R K Gaur said.

He said the accused had allegedly facilitated Dena Bank in mobilising term deposits to the tune of Rs 256.49 crores (approx) from certain organisations.

"Further, on the basis of forged requests for OD facilities against term deposits, loans were sanctioned to the said organisations. The said Vice-President in criminal conspiracy with then Chief Manager of Bank had allegedly siphoned off Rs 220 crores (approx) and caused loss of Rs 220 crore (approx) to Dena Bank," he said.

Gaur said after thorough investigation, CBI has filed a chargesheet

List of banks in India

Contents

• 1 Public-sector banks
• 2 Private-sector banks
• 3 Foreign banks
  • 3.1 Foreign banks having branches in India
  • 3.2 Foreign banks with representative offices in India
• 4 Regional Rural Banks (RRBs)
• 5 Cooperative banks
  • 5.1 State Cooperative Banks (SCBs)
  • 5.2 Urban Cooperative Banks (UCBs)
    • 
      

Public-sector bank

There are currently 27 public sector banks in India out of which 19 are nationalised banks and 6 are State Bank of India and its associate banks.^[1]

State Bank and its associate

1. State Bank of Bikaner & Jaipur
2. State Bank of Hyderabad
3. State Bank of Patiala
4. State Bank of Mysore
5. State Bank of Travancore

Nationalised banks

1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab & Sind Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank

Other public sector banks

1. Bharatiya Mahila Bank^[2]
2. IDBI Bank
3. Post Bank of India (proposed)^[3]

Private-sector banks

Old private sector banks^[1]

1. Catholic Syrian Bank
2. City Union Bank
3. Dhanlaxmi Bank
4. Federal Bank
5. ING Vysya Bank (merged with Kotak Mahindra Bank in April 2015)^[4]
6. Jammu and Kashmir Bank
7. Karnataka Bank
8. Karur Vysya Bank
9. Lakshmi Vilas Bank
10. Nainital Bank
11. Ratnakar Bank
12. South Indian Bank
13. Tamilnad Mercantile Bank

New private sector banks

1. Axis Bank
2. Yes Bank
3. Development Credit Bank
4. HDFC Bank
5. ICICI Bank
6. IndusInd Bank
7. IDBI Bank
8. HDFC Bank
9. Kotak Mahindra Bank
10. Yes Bank

Banks with 'in-principle' licenses^[5]

1. Bandhan Bank
2. IDFC

Foreign banks

Foreign banks having branches in India

List of banks which are incorporated outside India and are operating branches in India (as of 31 January 2015):^[6]

Australian banks

1. Australia and New Zealand Banking Group
2. Commonwealth Bank of Australia
3. National Australia Bank
4. Westpac Banking Corporation

Bahraini bank

1. Bank of Bahrain and Kuwait

Bangladeshi banks

1. AB Bank
2. Sonali Bank

Belgian bank

1. Antwerp Diamond Bank

Canadian bank

1. Bank of Nova Scotia

Chinese bank

1. Industrial & Commercial Bank of China

French banks

1. BNP Paribas
2. Credit Agricole
3. Societe Generale

German banks

1. Deutsche Bank

Hong Kong bank

1. HSBC

Indonesian bank

1. Bank Internasional Indonesia

Japanese banks

1. Mizuho Corporate Bank
2. Sumitomo Mitsui Banking
3. Bank of Tokyo-Mitsubishi

Mauritian bank

1. State Bank of Mauritius

Dutch bank

1. Rabobank

Qatari bank

1. Doha bank

Russian banks

1. Sberbank
2. VTB

Omani bank

1. HSBC Bank Oman

Scottish bank

1. Royal Bank of Scotland

Singaporean banks

1. DBS Bank
2. United Overseas Bank

South African bank

1. FirstRand Bank

South Korean banks

1. Shinhan Bank
2. Woori Bank

Sri Lankan bank

1. Bank of Ceylon

Swiss banks

1. Credit Suisse
2. UBS AG

Taiwanese bank

1. Chinatrust Commercial Bank

Thai bank

1. Krung Thai Bank

UAE banks

1. Abu Dhabi Commercial Bank
2. Mashreq Bank

UK banks

1. HSBC
2. Barclays Bank
3. Standard Chartered Bank

US banks

1. American Express
2. Bank of America
3. Citibank
4. J.P. Morgan Chase Bank

Foreign banks with representative offices in India

List of foreign banks with representative offices in India (as of 31 January 2015):^[6]

Austrian bank

1. Raiffeisen Zentralbank

Belgian bank

1. KBC Bank

Canadian banks

1. Royal Bank of Canada
2. Toronto Dominion Bank

French Banks

1. Credit Industriel et Commercial
2. Natixis

German banks

1. Commerzbank
2. DZ Bank
3. KfW
4. Landesbank Baden-Württemberg

Italian banks

1. Banca Monte dei Paschi di Siena
2. Banca Popolare di Milano
3. Banca Popolare di Vicenza
4. Intesa Sanpaolo
5. UBI Banca

Malaysian bank

1. CIMB

Nepalese bank

1. Everest Bank

Norwegian bank

1. DNB ASA

Portuguese bank

1. Caixa Geral de Depositos

Russian banks

1. Gazprombank
2. Promsvyazbank
3. Vnesheconombank

South Korean banks

1. Industrial Bank of Korea
2. Kookmin Bank
3. Korea Exchange Bank

Spanish Banks

1. Banco de Sabadell
2. Banco Bilbao Vizcaya Argentaria
3. Caixabank

Sri Lankan bank

1. Hatton National Bank

Swedish banks

1. Skandinaviska Enskilda Banken
2. Zurcher Kantonalbank

Taiwanese banks

1. Bank of Taiwan
2. Mega International Commercial Bank

Turkish bank

1. Bank Asya

UAE banks

1. Emirates NBD
2. First Gulf Bank

UK bank

1. Duncan Lawrie

US banks

1. Bank of New York Mellon
2. Wells Fargo Bank

Regional Rural Banks (RRBs)

Main article: Regional Rural Bank

List of Regional Rural Banks in India:^[7]

Andhra Pradesh

1. Andhra Pradesh Grameena Vikas Bank
2. Andhra Pragathi Grameena Bank
3. Chaitanya Godavari Grameena Bank
4. Deccan Grameena Bank
5. Saptagiri Grameena Bank

Assam

1. Assam Gramin Vikash Bank
2. Langpi Dehangi Rural Bank

Arunachal Pradesh

1. Arunachal Pradesh Rural Bank

Bihar

1. Uttar Bihar Gramin Bank
2. Madhya Bihar Gramin Bank
3. Bihar Gramin Bank

Chhattisgarh

1. Chhattisgarh Rajya Gramin Bank

Gujarat

1. Dena Gujarat Gramin Bank
2. Baroda Gujarat Gramin Bank
3. Saurashtra Gramin Bank

Haryana

1. Sarva Haryana Gramin Bank

Himachal Pradesh

1. Himachal Pradesh Gramin Bank

Jharkhand

1. Jharkhand Gramin Bank
2. Vananchal Gramin Bank

Jammu & Kashmir

1. Jammu And Kashmir Grameen Bank

Karnataka

1. Kaveri Grameena Bank
2. Karnataka Vikas Grameena Bank
3. Pragathi Krishna Gramin Bank

Kerala

1. Kerala Gramin Bank

Madhya Pradesh

1. Narmada Jhabua Gramin Bank
2. Central Madhya Pradesh Gramin Bank
3. Madhyanchal Gramin Bank

Manipur

1. Manipur Rural Bank

Meghalaya

1. Meghalaya Rural Bank

Mizoram

1. Mizoram Rural Bank

Nagaland

1. Nagaland Rural Bank

Odisha

1. Odisha Gramya Bank
2. Utkal Grameen Bank

Punjab

1. Punjab Gramin Bank
2. Malwa Gramin Bank
3. Sutlej Gramin Bank

Puducherry

1. Puduvai Bharathiar Grama Bank

Rajasthan

1. Baroda Rajasthan Kshetriya Gramin Bank
2. Marudhara Rajasthan Gramin Bank

Tamil Nadu

1. Pandyan Grama Bank
2. Pallavan Grama Bank

Tripura

1. Tripura Gramin Bank

Uttar Pradesh

1. Allahabad UP Gramin Bank
2. Baroda UP Gramin Bank
3. Gramin Bank Of Aryavrat
4. Kashi Gomti Samyukt Gramin Bank

Uttarakhand

1. Uttarakhand Gramin Bank

West Bengal

1. Bangiya Gramin Vikash Bank
2. Paschim Banga Gramin Bank
3. Uttarbanga Kshetriya Gramin Bank

Cooperative banks

State Cooperative Banks (SCBs)

List of State Cooperative Banks:^[8]

1. Andaman and Nicobar State Co-operative Bank
2. Andhra Pradesh State Co-operative Bank
3. Arunachal Pradesh State Co-operative Apex Bank
4. Assam Co-operative Apex Bank
5. Bihar State Co-operative Bank
6. Chandigarh State Co-operative Bank
7. Chhattisgarh Rajya Sahakari Bank Maryadit
8. Delhi State Co-operative Bank
9. Goa State Co-operative Bank
10. Gujarat State Co-operative Bank
11. Haryana State Co-opertive Apex Bank
12. Himachal Pradesh State Co-operative Bank
13. Jammu and Kashmir State Co-operative Bank
14. Jharkhand State Co-operative Bank
15. Karnataka State Co-operative Apex Bank
16. Kerala State Co-operative Bank
17. Madhya Pradesh Rajya Sahakari Bank Maryadit
18. Maharashtra State Co-operative Bank
19. Manipur State Co-operative Bank
20. Meghalaya Co-operative Apex Bank
21. Mizoram Co-operative Apex Bank
22. Nagaland State Co-operative Bank
23. Orissa State Co-operative Bank
24. Pondichery State Co-operative Bank
25. Punjab State Co-operative Bank
26. Rajasthan State Co-operative Bank
27. Sikkim State Co-operative Bank
28. Tamil Nadu State Apex Co-operative Bank
29. Tripura State Co-operative Bank
30. Uttar Pradesh Co-operative Bank
31. Uttarakhand State Co-operative Bank
32. West Bengal State Co-operative Bank

Urban Cooperative Banks (UCBs)

Scheduled

List of Scheduled Urban Cooperative Banks in India:^[9]

1. The Varachha co-operative Bank
2. Ahmedabad Mercantile Co-Op Bank
3. Kalupur Commercial Coop. Bank
4. Mehsana Urban Co-Op Bank
5. Nutan Nagarik Sahakari Bank
6. Rajkot Nagrik Sahakari Bank
7. Sardar Bhiladwala Pardi Peoples Coop Bank
8. Surat Peoples Coop Bank
9. Amanath Co-operative Bank
10. Andhra Pradesh Mahesh Co-Op Urban Bank
11. Indian Mercantile Co-operative Bank
12. Abhyudaya Co-operative Bank
13. Bassein Catholic Co-operative Bank
14. Bharat Co-operative Bank (Mumbai)
15. Bharati Sahakari Bank
16. Bombay Mercantile Co-operative Bank
17. Citizen Credit Co-operative Bank
18. Cosmos Co-operative Urban Bank
19. Dombivli Nagari Sahakari Bank
20. Goa Urban Co-operative Bank
21. Gopinath Patil Parsik Janata Sahakari Bank
22. Greater Bombay Co-operative Bank
23. Jalgaon Janata Sahakari Bank
24. Janakalyan Sahakari Bank
25. Janalaxmi Co-operative Bank
26. Janata Sahakari Bank
27. Kallappanna Awade Ichalkaranji Janata Sahakari Bank
28. Kalyan Janata Sahakari Bank
29. Karad Urban Co-operative Bank
30. Mahanagar Co-operative Bank
31. Mapusa Urban Co-operative Bank of Goa
32. Nagar Urban Co-operative Bank
33. Nasik Merchant's Co-operative Bank
34. New India Co-operative Bank
35. NKGSB Co-operative Bank
36. Pravara Sahakari Bank
37. Punjab & Maharashtra Co-operative Bank
38. Rupee Co-operative Bank
39. Sangli Urban Co-operative Bank
40. Saraswat Co-operative Bank
41. Shamrao Vithal Co-operative Bank
42. Solapur Janata Sahakari Bank
43. Thane Bharat Sahakari Bank
44. The Kapole Co-operative Bank
45. TJSB Sahakari Bank
46. Zoroastrian Co-operative Bank
47. Nagpur Nagrik Sahakari Bank
48. Shikshak Sahakari Bank
49. Akola Janata Commercial Co-operative Bank
50. Akola Urban Co-operative Bank
51. Khamgaon Urban Co-operative Bank
52. mahe