Number of banks reached 151 banks in 2020 in India, according to the National Central Bank. This is 6.21% less than in the previous year.
Historically, number of banks in India reached an all time high of 296 banks in 2004 and an all time low of 151 banks in 2014.
India has been ranked 10th within the group of 148 countries we follow in terms of number of banks.
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