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(i) Public Sector Banks: Public sector banks are those in which the govt, has a major stake. This stake of the government makes these banks emphasize on social objectives than on profitability objective. The public sector banks have dominated the Indian banking scene for over three decades since nationalization of fourteen major banks in 1969.

(ii) Private Sector Banks : These are owned, managed and controlled by private promoter. They are fee to formulate policies about their activities as per market services. Private sector banks are allowed to compete with the foreign banks.

(iii) Foreign Banks : Most of these banks in India are the subsidiaries of foreign banks. They are owned and managed by promoters. These banks have realized the potentially big market in the retail banking sector. The major foreign banks in India are Citi Bank, Bank of America, etc.