Subsequently, the Punjab National Bank was established in 1894.• The Swadeshi movement, which began in 1906, encouraged the establishment of a number of commercial banks. • The Banking Companies Act was passed in February 1949. , which was later amended to become the Banking Regulation Act, 1949. • Commercial banks mobilize savings in urban areas and make them available to large and small industrial and commercial units, mainly for working capital requirements. commercial banks (including foreign banks).• Among the listed commercial banks, 224 are public sector, of which 196 are regional rural banks (RRBs), accounting for approximately 77.9% of the deposits of all listed commercial banks .• Commercial banks are generally classified into nationalized or public sector banks and private sector banks, with some foreign banks. Public sector banks account for over 92% of the total banking activities in India. Occupying a dominant position in the commercial sector, another 20 banks are public sector banks. • Oudh Commercial Bank was the first comprehensive commercial bank in