The history of modern banking services in India is two hundred years old. Modern banking in India started in the British Raj. In the beginning of the 19th century British East India Company started 3 banks - Bank of Bengal in 1806, Bank of Bombay in 1840 and Bank of Madras in 1843. But later these three banks were merged into a new bank called 'Imperial Bank' which was merged with 'State Bank of India' in 1955. Banking in India is very convenient and hassle free. Anyone (person, group or anyone) can easily process a transaction whenever anyone needs it. Below is the list of banks in India and their banking system ranking by users.