Commercial Banks in India:1. Public Sector Banks: The term œpublic sector banks refers to a situation where the majority equity stake in the banks is held by the government. The Indian Government keeps default holdings of a minimum 51% shareholding, but management control is only with the Central Government, thereby classifying them as Public Sector Banks. Public sector banks include the State Bank of India and its Associates, Nationalized Banks (including Industrial Development Bank of India Ltd (IDBI) since December 2004), and Regional Rural Banks. 2. Private Sector Banks: They are the banks in which individuals and corporations are the majority shareholders. Some of the major commercial banks in India that were given licenses are ICICI Bank, HDFC Bank, Axis Bank, Yes Bank, and Kotak Mahindra Bank. State Bank of India (SBI)SBI is Indias largest public sector bank and is ranked 232nd on the Fortune Global 500 list of the worlds biggest corporations. The bank is also the countrys biggest lender. It recently joined the list of top 50 banks globally in terms of asset distribution, following its merger with other associate banks: State Bank of Travancore (SBT)State Bank of Patiala (SEP)State Bank of Mysore (SBM)State Bank of Hyderabad (SBH)State Bank of Bikaner and Jaipur (SBBJ)1. ICICI Bank (Industrial Credit and Investment Corporation of India)ICICI Bank is Indias largest private sector bank. The bank, which was a wholly-owned subsidiary of ICICI Limited, is a multinational banking and financial company based in Mumbai, Maharashtra, India with its registered office in Vadodara, Gujarat. 2. Axis BankAxis Bank is the third-largest private sector bank in India after ICICI and HDFC. It manages 3,304 branches and 14,200 ATMs across the country as of March 2017. 3. IDBI Bank (Industrial Development Bank of India)Headquartered in Mumbai, IDBI Bank was established in 1964 by an act of Parliament to provide credit and was owned by the Central Government. The banks aggregate balance sheet is INR 3. 74 trillion as of March 2016. IDBI is the currently the tenth largest development bank in the world, operating 3,700 ATMs and 1,995 branches, and employing around 17,570 individuals as of March 2016. Therefore, the State Bank of India is Indias largest Public sector commercial bank at present.