National Bank List in India : The nationalized banks are those banks that were ones owned by the private players but due to the financial or socio-economic exigencies, the ownership was acquired by the government. In more technical terms Nationalised Banks have such an ownership structure where the government is the majority shareholder i.e. >50%. The list of nationalized banks is important for competitive exams from a question perspective and is also relevant for banking aspirants who wish to join one of the Government banks.
They are the public sector assets that are owned or managed by the state or central government. Nationalized banks came into occurrence when previously the banks that came under private sector banks were shifted to the public sector by the act of nationalization. Post-independence, the government of India took numerous steps to improve the country’s economic development, and one of the major steps they took was establishing RBI in April 1935. Later in 1948, under the terms of the RBI Act, they gave notice to nationalized the banks and then in 1949. National Bank List in India is given below.
National Bank List in India
National Bank List in India is given below.
| Nationalized Banks | Headquarter | Tag Line |
|---|---|---|
| 1. Punjab National Bank ( With the merger of Oriental Bank Of Commerce and United Bank Of India) | New Delhi | The name you can Bank Upon |
| 2. Indian Bank( With Merger of Allahabad Bank) | Chennai | Your Tech-friendly bank |
| 3. State Bank of India | Mumbai | With you all the way, Pure Banking Nothing Else, The Nation’s banks on us |
| 4. Canara Bank( With Merger Of Syndicate Bank) | Bangalore | Together we can |
| 5. Union Bank of India( With Merger Of Andhra Bank and Corporation Bank) | Mumbai | Good people to bank with |
| 6. Indian Overseas bank | Chennai | Good people to grow with |
| 7. UCO Bank | Kolkata | Honors Your Trust |
| 8. Bank of Maharashtra | Pune | One Family One Bank |
| 9. Punjab and Sind Bank | Rajendra Place, New Delhi | Where Service Is A Way Of Life |
| 10. Bank of India | Mumbai | Relationships beyond Banking |
| 11. Central Bank of India | Mumbai | Central To you Since 1911, Build A Better Life Around Us |
| 12. Bank of Baroda | Gujarat | India’s International Bank |
Check RBI Banks List at below link.
https://m.rbi.org.in/commonman/english/scripts/banksinindia.aspx
Reasons for the Nationalization of Banks
- For Social Welfare
- For Developing Banking Habits
- For Expansion of Banking Sector
- For Controlling Private Monopolies
- To Reduce Regional Imbalance
- For Prioritizing Sector Lending
Read : List of Government Banks in India | 12 Public Sector Banks
