List of Govt. Bank in India:- Government banks are the public sector banks in which government of India holds a share of more than 51%. Previously there were more than 22 government banks before the privatization of the public sector banks. Currently in India there are total 12 government banks in which government has maximum share. Check here the updated list of Govt. banks in India with their all details.
The Reserve Bank of India (RBI) is India's central banking institution and the supreme monetary authority. The RBI also control government and commercial banks and manages bank rate, statutory liquidity ratio, cash reserve ratio, prime lending, repo rate, reverse repo rate and other parameters. There are three types of banks in India, commercial banks, government banks and private banks. Here is the complete list of govt. banks in India.
List of Govt. Banks in India
Below the list of govt. banks in India 2023
- State Bank of India
- Punjab National Bank
- Bank of Baroda
- Canara Bank
- Union Bank of India
- Bank of India
- Indian Bank
- Central Bank of India
- Indian Overseas Bank
- UCO Bank
- Bank of Maharashtra
- Punjab & Sindh Bank
List of Public Sector Banks in India PDF
Download sarkari banks list 2023 in India in Pdf or List of Public Sector Banks in India Pdf from below.
Government Banks List in India 2023
The list of 12 current government banks in India 2023 with their establishment year and headquarter detail is given in the table below.
|1.||State Bank of India||1955||Mumbai, India|
|2.||Punjab National Bank||1908||New Delhi, India|
|3.||Bank of Baroda||1908||Gujarat, India|
|4.||Canara Bank||1906||Bangalore, India|
|5.||Union Bank of India||1919||Mumbai, India|
|6.||Bank of India||1906||Mumbai, India|
|7.||Indian Bank||1907||Chennai, India|
|8.||Central Bank of India||1911||Mumbai, India|
|9.||Indian Overseas Bank||1937||Chennai, India|
|10.||UCO Bank||1943||Kolkata, India|
|11.||Bank of Maharashtra||1935||Pune, India|
|12.||Punjab & Sindh Bank||1894||Rajendra Place New Delhi, India|
Top 10 Government Banks in India 2023
- Sate Bank of India (SBI)
SBI having 23% of shares of the total market assets in India, Sate Bank of India is the largest public sector bank of India. SBI also holds 1/4th of the total loans and deposits in the current financial market.
- 2. Punjab Nation Bank
PNB has become the 2nd largest public sector bank of India with an overall business of around INR 8 Trillion. Punjab National Bank provides a wide range of amazing products to its customers.
- 3. Union Bank of India
Union Bank of India has been a steady performer over the year. Andhra Bank and Corporation Bank merged into this bank, taking the overall business to INR 14.59 Trillion.
- 4. Canara Bank
Canara Bank has become the 4th largest PSU bank after the recent merger of Syndicate Bank into it. Canara Bank being one of the oldest public sector bank in India.
- 5. Bank of Baroda
Bank of Baroda known as India's International Bank, It has served over 127 million customers across 21 countries and consumers base is only growing with each passing day.
- 6. Bank Of India
Bank of India has been serving its customers efficiently since founded in 1906 and has become a government owned bank.
- 7. Indian Bank
Indian Bank is the 7th largest PSU bank in the India. After the recent merger of Allahabad Bank into it, Indian Bank has grow into a stronger position.
- 8. Central Bank of India
Central Bank has a wide network of branches across all the 29 states and also in 6 out of 7 Union Territories in India. Central Bank of India was also the 1st commercial bank to be completely managed and owned by Indians.
- 9. Indian Overseas Bank
Indian Overseas Bank holds a pretty important place because of the impeccable banking product and trust it provides to its customers. Indian Overseas was founded in 1932 and had the primary goal of having specialization in Foreign Exchange Business in banking to take the institution across the world.
- 10. Bank of Maharashtra
Bank of Maharashtra has been one of the finest public sector bank of India. As it Tagline suggests 'One Family One Bank', Bank of Maharashtra always had a tech-savvy and customer centric focus over the year.
Public Sector Banks List 2023
The public sector banks / list of govt. bank can be downloaded from below link
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