Complete List of Government Bank in India

A bank is a financial institution where people deposit and withdraw their money. The Reserve Bank of India (RBI) is India’s central bank which plays an important role in the development strategy of the Government of India. Typically, there are three types of commercial banks which are the public/ Government bank, the private sector bank, and the foreign sector bank.

Government Bank/Public sector Bank

Many Individual’s confuses regarding government banks or public sector banks are the same or different. As per knowledge, both banks are the same. Also, there is no difference between the nationalized banks and public banks. Public sector bank (PSB) is a significant type of bank in India, where a majority stake (i.e more than 50%) is held by the government.

List of Former 27 Government Banks/nationalized banks in India.

The number of public sector banks(Government bank) has come down from 27 to 12 in 2017 with the statement made on 30 August 2019.

Name of BankEstablished YearHeadquarter
Allahabad Bank1865Kolkata
Andhra Bank1923Hyderabad
Bank of Baroda1908Vadodara, Gujarat
Bank of Maharashtra1935Pune, Maharashtra
Bank of India1906Mumbai, Maharashtra
Bharatiya Mahila Bank2013New Delhi
Canara Bank1906Bengaluru, Karnataka
Central Bank of India1911Mumbai, Maharashtra
Corporation Bank1906Karnataka
Dena Bank1998Mumbai
IDBI Bank1996Mumbai
Indian Bank1907Chennai, Tamil Nadu
Indian Overseas Bank1937Chennai
Oriental Bank of Commerce19 February 1943Gurugram
Punjab & Sind Bank1908Delhi
Punjab National Bank1894New Delhi
SBI+and it’s five associate banks1955(SBI)Mumbai
Syndicate Bank1925Manipur
UCO Bank1943Kolkata
Union Bank of India1999Mumbai
United Bank of India1950Kolkata

List of Merged bank and Its Ranking

Merged BankIt’s Rank
United Bank, Punjab National Bank and Oriental Bank of Commerce2nd largest Public Sector Bank
Syndicate Bank and Canara Bank4th largest Public sector Bank
Andhra Bank, Union Bank, and Corporation bank5th largest Public Sector Bank
Allahabad Bank and Indian Bank7th largest Public sector Bank

List of Government Bank(Public sector banks) of India

government bank of India

There are currently 12 government bank and its list are as follow:

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

State Bank Of India

The SBI is India’s largest public sector bank, headquartered in Mumbai, Maharashtra. Consists of 23% market share in assets, besides a share of one-fourth of the total loan and deposits market. The bank such as State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, Bhartiya Mahila Bank merged with SBI.

  • Short Name – SBI
  • Full Name – State Bank of India
  • Toll Free Number – 1800 11 2211, 1800 425 3800, 080-26599990
  • Total Assets – Rs. 52,050 billion
  • Revenue – Rs 2,110.00 billion
  • Branches – 24,000
  • Founded – 1 July 1955.
  • Official Website – sbi.co.in

Punjab National Bank

According to the business and network, it is the second-largest public sector bank. Oriental Bank of Commerce and the United Bank of India are merged with Punjab national bank. This bank is a financial service type bank which is owned by the Government of India.

  • Short Name – PNB
  • Full Name – Punjab National Bank.
  • Toll-Free Number – 1800 180 2222, 1800 103 2222
  • E-mail ID: [email protected]
  • Total Assets – Rs. 17,940 billion
  • Revenue – Rs ₹774.22 billion
  • Branches – 11,437
  • Founded – 12 April 1894
  • Official Website – pnbindia.in

Bank of Baroda

Bank of Baroda is the fifth-largest public sector bank in India. It is an Indian multinational and financial service company. Vijaya Bank and Dena Bank was merged with Bank of Baroda from 1 April 2020.

  • Short Name – BOB
  • Full Name – Bank of Baroda
  • Toll Free Number – 1800 258 44 55, 1800 102 44 55
  • Total Assets – Rs. 16,130 billion
  • Revenue – Rs 422 billion
  • Branches – 9,481
  • Founded – 20 July 1908.

Bank of India

BOI is a commercial bank nationalize in 1969. After nationalization, it has become a government-owned bank.

  • Short Name – BOI
  • Full Name – Bank of India.
  • Toll-free Number -1800 220 229, 1800 103 1906
  • E-mail ID – [email protected]
  • Total Assets – Rs. 9,030 billion
  • Revenue – Rs 418 billion
  • Branches – 5,000
  • Founded – 7 September 1906.

Central Bank of India

It is one of the oldest and largest commercial banks under the ownership of the government of India. The Central Bank of India was established by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as chairman on 21 December 1911.

  • Short Name – CBI/CBOI
  • Full Name – Central bank of India.
  • Toll-Free Number – 1800 22 1911
  • Total Assets – Rs. 4,680 billion
  • Revenue – Rs 259 billion
  • Branches – 4,666
  • Founded – 21 December 1911.
  • The Official Website of CBI – centralbankofindia.co.in
  • E-mail ID – [email protected]

Canara Bank

It is one of the largest public sector banks, founded at Mangalore by Ammembal Subba Rao Paiand and owned by the Government of India. Syndicate bank merged with Canara bank on 1 April 2020. Now it the third-largest bank in the country.

  • Toll-Free Number – 1800 425 0018
  • Total Assets – Rs. 15,203 billion
  • Revenue – Rs 558.30 billion
  • Branches – 10,342
  • Founded – 1 July 1906.
  • Tagline – Together We Can
  • Official Website – canarabank.com

Union Bank of India

It is one of the largest banks and owned by the government of India. Andhra Bank and Corporation Bank merged with Union Bank of India on 1 April 2020 creating a fourth-largest bank in terms of branch network and fifth largest in terms of business.

  • Short Name – UBI
  • Full Name – Union Bank of India.
  • Toll Free Number – 1800 22 22 44, 1800 208 2244
  • Total Assets – Rs. 14,594 billion
  • Revenue – Rs 696.39 billion
  • Branches – 9,609
  • Founded – 11 November 1919.

Indian Overseas Bank

It is a significant public sector bank based in Chennai, India. This bank established by Thiru.M. Ct. M. Chidambaram Chettiar.

  • Short Name – IOB.
  • Full Name – Indian Overseas Bank
  • Toll-Free Number – 18004254445
  • Total Assets – Rs. 3,750 billion
  • Revenue – Rs 235.2 billion
  • Branches – 3,400
  • Founded – 10 February 1937.
  • Official Website – iob.in

Punjab and Sind Bank

The government of India is the owner of this bank and established by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh 24 June 1908.

  • Toll-Free Number – 1800 419 8300
  • Official Website – psbindia.com
  • Total Assets – Rs. 1,710 billion
  • Revenue – Rs 87.44 billion
  • Branches – 1,554
  • Founded – 24 June 1908.

Indian Bank

One of the well-performing public sector banks in India. Allahabad bank merged with Indian banks on 1 April 2020 and become a seventh-largest bank in the country.

  • Toll Free: 1800 425 00 000, 1800 425 4422
  • Total Assets – Rs. 8,080 billion
  • Revenue – Rs 405.74 billion
  • Branches – 6,104
  • Founded – 15 August 1907.

UCO Bank

UCO Bank is a major government-owned commercial bank of India, Former known as United Commercial Bank. G. D. Birla, a famous Indian industrialist was the planner of this bank.

  • Toll-Free Number – 1800 274 0123
  • Total Assets – Rs. 3,170 billion
  • Revenue – Rs 185.61 billion
  • Branches – 4,000
  • Founded – 6 January 1943.
  • Official Website – ucobank.com
  • E-mail ID – [email protected]

Bank of Maharashtra.

The Bank Of Maharashtra is a significant public sector bank in India. Founded by V. G. Kale and D. K. Sathe. The government of India consists of 87.74% share in assets. After nationalization in 1969, the bank grew rapidly.

  • Toll Free Number – 1800 233 4526, 1800 102 2636
  • Total Assets – Rs. 2,340 billion
  • Revenue – Rs 130.53 billion
  • Branches – 1,897
  • Founded – 16 September 1935.
  • E-mail ID – [email protected]

List of Public Sector bank of India PDF Download

The below is the link of list of government bank of India in PDF Format. You can download this in single clicking.

The Bottom Line

The bank is the backbone of the Indian economy and the financial system. In the digital age, all the bank’s systems are working online. As we know can say that digital technology is the key to the banking system. Typically all the banks are opting for the digital banking system. Nowadays, individuals carry a bank in their pockets in the form of a mobile and only visit an actual branch to deposit cash or occasionally advice.

Hope is that the above articles on the list of government banks in India will help you a lot to enhance your knowledge. Comment below which bank you are using and don’t forget to share these articles with your friends and family members.

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