The banking sector in India has come a long way and today has one of the largest networks in the world with a total strength of 301 commercial banks and a network of around 67,000 branches. The State Bank of India (SBI) is the largest banking network of the country having branches in almost all cities and large villages of the country. Major international banks like ANZ Grindlays, Citibank, Standard Chartered, BNP, Bank of America, Hong Kong Bank, and others have their presence in the metros. With the advent of the new economic policy, many private banks such as HDFC Bank, ICICI Bank, and UTI Bank have also begun operations and provide quality services to their customers. The competition has forced the nationalized banks to provide better services to their customers.

Many banks (mainly the foreign and private ones) provide Automated Teller Machine (ATM) facilities in the metros and other large cities. Most the ATM centers provide 24-hour-service to their customers. Now, with the availability of the latest technology, Internet banking and multi-branch banking facilities are also available. ATM facilities are also available in major nationalized banks such as SBI, Bank of Baroda, Punjab National Bank, Canara Bank, etc. Some of these banks too provide extended hours and seven days banking services to their customers.

Many nationalized banks such as SBI and Bank of Baroda are now offering co-branded credit cards to their customers. Most of the hotels, airlines, and shops in the metros and tourist destinations accept major international credit cards such as Visa, MasterCard, American Express, and Diners Club.