Ownership of Organization

Established by India’s banking industry in April 1968 under the Companies Act, 1956, AFC's membership consists of seventeen public sector banks (including State Bank of India), nine private sector banks, five foreign banks, two development financial institutions (NABARD and EXIM Bank) and one cooperative bank.

Major shareholders of AFC are:

DEVELOPMENT FINANCE INSTITUTIONS PUBLIC SECTOR BANKS PRIVATE SECTOR BANKS FOREIGN BANKS STATE CO-OPERATIVE BANK