Wikilisttia has come up with the list of public sector banks in India. There are many public sector banks in India which are providing their services to the people and keeping their money safe and secure. You can also do savings and investments in these banks to secure your future. A public bank is a Financial institution, in which a state, municipality, or public officers are the owners.
This list also contains some of the popular public sector banks which are functioning in India. So you can go through this list to know about these banks and let us know what you think about these banks through the votes and comments.
Public Sector Banks in India List
1. IDBI Bank Ltd.
The Industrial Development Bank of India (IDBI) was established in 1964. Initially, it operated as a subsidiary of Reserve Bank of India RBI transferred it to GOI. As of 22 January 2019, the Government of India held 46.46% shares in IDBI Bank and Life Insurance Corporation of India held approximately 51% of the shares. But now LIC owns the bank with capped voting right. This bank currently has 3,702 ATMs, 1892 branches, including one overseas branch in Dubai, 58 e-lounges and 1407 centers.
IDBI Bank Ltd.: Public Sector Bank
2. UCO Bank
UCO Bank is a commercial bank and a Government of India Undertaking. This bank founded in 1943 in Kolkata. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India. This bank had 4,000 plus service units 49 zonal offices spread all over India. It also has two overseas branches in Singapore and Hong Kong. UCO Bank\’s headquarters is on BTM Sarani, Kolkata..
UCO Bank: Public Sector Bank
3. United Bank of India
United Bank of India is an Indian government-owned bank headquartered in Kolkata, India. This bank has a three-tier organizational setup consisting of its head office in Kolkata, 36 regional offices and 2054 branches spread all over India. This bank basically major presence is in Eastern India. The shareholding of the government in the bank will be 97.41 percent.
United Bank of India: Public Sector Bank
4. Union Bank of India
Union Bank of India, headquartered in Mumbai was established on 11th November 1919. Union Bank of India (UBI) is one of the largest government-owned banks of India and the government owns over 90% of its share capital. UBI has around 4,300 branches. This bank also Four of these are overseas in Hong Kong, Dubai, Antwerp, and Sydney. The Bank offers various types of banking and financial services to its customers such as deposits as savings account, credit cards, fixed deposits, home loan, personal loan, debit card, car loan, gold loan and more.
Union Bank of India: Public Sector Bank
5. Syndicate Bank
Syndicate Bank is one of the oldest and major commercial banks of India. This bank was founded by T M A Pai, Upendra Pai, and Vaman Kudva. Syndicate Bank is an in India with 3,671 branches, 3,427 ATM\’s and 27,446 employees across the country. Syndicate Bank has one branch in London, United Kingdom. Syndicate Bank\’s registered office is located at Post Box No 1 Manipal-576104 Karnataka India.
Syndicate Bank: Public Sector Bank
6. Punjab and Sind Bank
Punjab & Sind Bank was founded on 24 June 1908. Punjab & Sind Bank is a government-owned bank (79.62%), with headquarters in New Delhi. This bank has 1559 branches spread throughout India, 623 branches are in Punjab state. In this bank government stake is about 79.62%.
Punjab and Sind Bank: Public Sector Bank
7. Punjab National Bank
Punjab National Bank is one of the largest public sector banks in India and it was founded in May 1894. Punjab National Bank (PNB) is a Banking and Financial service bank owned by the Government of India. Its headquarter is in New Delhi, India. This bank has over 115 million customers, 7,036 branches and 8,906 ATMs. This bank offers loans, accepting deposits, Corporate LoansEXIM finance cash Management ServicesGold Card Scheme for ExportersDoorstep Banking Services. The government\’s stake in this bank is about 71.92%.
Punjab National Bank: Public Sector Bank
8. Oriental Bank of Commerce
Oriental Bank of Commerce is an Indian public sector bank. Headquartered at Gurgaon, Haryana. This bank has 2390 branches and 2625 ATMs across India. This bank offers accepting deposits, Cash Management, Project Finance, Corp Vyapar, Corp Rental, and Working Capital, etc.
Oriental Bank of Commerce: Public Sector Bank
9. Indian Overseas Bank
Indian Overseas Bank is a major public sector bank established on 10th February 1937. This bank has Headquartered in Chennai and the bank has its branch in 5 other countries also. The bank offers various banking and financial services such as investments, deposit accounts, credit cards, debit cards, loans, etc.
Indian Overseas Bank: Public Sector Bank
10. Indian Bank
Indian Bank is an Indian state-owned financial services company established on 15th August 1907 and headquartered in Chennai, India. This bank has 227 overseas correspondent banks in 75 countries. It has 20,924 employees, 2900 branches with 2861 ATMs and 1014 cash deposit machines and is one of the top-performing public sector banks in India. In this bank, a majority stake (i.e. more than 50%) is held by a government.
Indian Bank: Public Sector Bank
11. Corporation Bank
Corporation Bank is a public-sector banking company headquartered in Mangalore, India. This bank nationalized in 1980. This bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. The Government acquired an 86.90 crore equity share of this bank. This bank offers Forex, Cash Management, Project Finance, Corp Vyapar, Corp Rental, and Working Capital are just to name a few of them.
Corporation Bank: Public Sector Bank
12. Central Bank of India
Central Bank of India, a government-owned bank, and was the first Indian commercial bank which was wholly owned and managed by Indians. It is one of the oldest and largest commercial banks in India. This bank network of 4659 Branches, 1 Extension counters, along with 10 Satellite Offices (as in February 2019) at various centers of India. It is based in Mumbai which is the financial capital of India and the capital city of the state of Maharashtra.
Central Bank of India: Public Sector Bank
13. Canara Bank
Canara Bank is one of the largest public sector banks owned by the Government of India. It is headquartered in Bengaluru. It was established at Mangalore in 1906 by Ammembal Subba Rao Pai. As on date bank had a network of 6310 branches and more than 8851 ATMs which are spread across 4467 centers. The government holds a 70.62 percent stake in Canara Bank. This bank involved in borrowing and lending money.
Canara Bank: Public Sector Bank
14. Bank of Maharashtra
Bank of Maharashtra is a major public sector bank in India. The bank has 15 million customers across the country and having 1897 branches. It has the largest network of branches by any public sector bank in the state of Maharashtra. The government of India holds 87.74% of the total shares. This bank offers accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills.
Bank of Maharashtra: Public Sector Bank
15. Bank of India
Bank of India is a public sector commercial bank with headquarters in the Bandra Kurla Complex, Mumbai and it is one of the top 5 banks in India. This bank was founded on 7th September 1906, it has been government-owned since nationalization in 1969. This bank\’s majority stake (i.e. more than 50%) is held by a government. Presently this Bank has overseas presence in 22 foreign countries spread over 5 continents – with 60 offices including 5 Subsidiaries, 5 Representative Offices, and 1 Joint Venture, at key banking and financial centers viz., Tokyo, Singapore, Hong Kong, London, Paris, and New York. This Bank has over 5000 branches in India spread over all states/ union territories including specialized branches.
Bank of India: Public Sector bank
16. Bank of Baroda
Bank of Baroda is an Indian Multinational, public sector Banking, and Financial Services company. It is the third-largest public sector bank in India with a business of US$225 billion. Based on the Forbes Global list it\’s ranked is 1145. The Government of India is still the largest shareholder, owning 66% of the bank\’s equity. This bank offers accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. Dena bank & Vijay bank merged with this bank with effect from 1st April 2019.
Bank of Baroda: Public Sector Bank
17. Andhra Bank
Andhra Bank is a medium-sized public sector bank of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines in India as of 31 March 2019. This Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid-up capital of Rs 1.00 lakh and authorised capital of Rs 10.00 lakhs. The government of India owns 90.85% of its share capital of Andhra Bank as on 31st March 2019.Andhra bank offer 13 different types of savings accounts to its customers.
Andhra Bank: Public Sector Bank
18. Allahabad Bank
Allahabad Bank is a nationalized bank with its headquarters in Kolkata. This bank was founded in Allahabad in 1865 and the bank entered into its 150th year of establishment. As of 31 March 2018, Allahabad Bank had over 3245 branches across India. this bank government ownership share is 55.23%. Allahabad Bank offers Personal Banking, Social Banking, MSME Banking, Retail Credit Products, Corporate Banking and many other services.
Allahabad Bank: Public Sector Bank
19. State Bank of India
SBI is the largest bank in India in terms of Deposits, Advances, Customers and Banking Outlets. It has a customer base of 4.35 billion. It has more than 22000 branches and 58415 Pan-India ATMs, CDMs, and Recyclers. It is an Indian multinational, public sector banking and financial services statutory body. State Bank of India has 208 foreign offices/branches in 36countries across the globe as on 31.03.2019. SBI\’s 24X7 Toll-free telephone number 1800110009 dedicated to pensioners or Toll-free telephone number 18004253800 & 1800112211.
State Bank of India: Public Sector Bank