List of Government Banks in India 2023

List of Government Banks in India | 12 Public Sector Banks Details Pdf. The economy of any country is based on expenditure and savings, and on the basis of this, it is concluded that what is the economy of the country as to what is the economy of the country. Banks, like any other country, play an important role in the economy of our country, which includes government, private sector banks| In order to improve the banking sector in India and to stimulate economic growth, Finance Minister Nirmala Sitharaman had announced the merger of some banks, which was made effective after some time.

If we talk about public sector banks in the country, the number of public sector banks (PSBs) has come down from 27 banks to 12 after the merger. In such a situation, the question will be coming to your mind, what are the names of these 12 public sector banks? Here you are provided with complete information about the list of public sector banks in India.

Table of Contents

List of Government Banks in India

A public sector bank or public sector bank is a bank owned by the government, i.e., in which more than 51 per cent of the share remains with the government. These banks are colloquially called Sarkari Banks. It can be both the state government and the centrally owned state-owned banks. For example, India’s largest public sector bank is the State Bank of India, with a 52% government stake.

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

Software Used By Different Banks : List Of Softwares Banks Use In india And Rest Of the World.

S.NO	Bank Name	Establishment	Headquarter
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

भारत के सरकारी बैंकों की सूची

क्र०स०	बैंक का नाम	मुख्यालय
1.	पंजाब नेशनल बैंक	नई दिल्ली
2.	इंडियन बैंक	चेन्नई
3.	भारतीय स्टेट बैंक	मुंबई
4.	केनरा बैंक	बैंगलोर
5.	यूनियन बैंक ऑफ इंडिया	मुंबई
6.	इंडियन ओवरसीज बैंक	चेन्नई
7.	यूको बैंक	कोलकाता
8.	बैंक ऑफ महाराष्ट्र	पुणे
9.	पंजाब एंड सिंध बैंक	नई दिल्ली
10.	बैंक ऑफ इंडिया	मुंबई
11.	सेंट्रल बैंक ऑफ इंडिया	मुंबई
12.	बैंक ऑफ बड़ौदा	गुजरात

Top 10 Government Banks In India:

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.
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.
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.
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.
Bank of Baroda	Bank of Baroda known as India’s International Bank, It has served over 127 milion customers across 21 countries and consumers base is only growing with each passing day.
Bank Of India	Bank of India has been serving its customers efficiently since founded in 1906 and has become a government owned bank.
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.
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.
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.
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.

FAQ : List of Government Banks in India

How many banks are government bank in India?

Ans : there are Total 12 Government Banks In India And Full Details of all Government Banks Is provided Above in table.

Which banks are government bank in India?

Ans : These are The all Public Sector banks In india

State Bank of India
Central Bank of India
Bank of Baroda
Punjab National Bank
Canara Bank
Union Bank of India
Bank of Maharashtra
Indian Overseas Bank
Indian Bank
UCO Bank
Bank of India
Punjab and Sind Bank.

Which are the 14 government banks in India Nationalised In 1969?

Ans : In 1969 These Banks were nationalised.

Allahabad Bank
Canara Bank
United Bank of India
UCO Bank
Syndicate Bank
Indian Overseas Bank
Bank of Baroda
Punjab National Bank
Bank of India
Bank of Maharashtra
Central Bank of India
Indian Bank
Dena Bank
Union Bank

Which is the No 1 bank in India?

Ans : State bank Of india Is Number one Bank In India.

Which Indian banks will never go bankrupt Or Too Big To Fail?

Ans : According to the Reserve Bank of India (RBI), the three biggest banks in India—the public sector State Bank of India (SBI), the private sector HDFC Bank, and ICICI Bank Are Too Big to Fail. These Banks Are Not Easy To Fail or Bankrupt.

List of Government Banks in India 2023 | 12 Public Sector Banks