Top public sector banks of india
79The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the Indian subcontinent, The Government of India nationalised the Imperial Bank of India in 1955 with the Reserve Bank of India taking a 60% stake and was subsequently transformed into State Bank of India
The State bank of India is 29th most reputable company in the world according to Forbes.
The Subsidiaries of SBI till date
* State Bank of Indore
* State Bank of Bikaner & Jaipur
* State Bank of Hyderabad
* State Bank of Mysore
* State Bank of Patiala
* State Bank of Travancore
Punjab National Bank (PNB), was registered on May 19, 1894 under the Indian Companies Act.
The Bank is the second largest government-owned commercial bank in India
Punjab National Bank was ranked 1243 in the Forbes Global 2000
- Bank of Baroda
Bank of Baroda - India's International Bank - Global bank with a network of branches in India, and an international presence in 21 countries.
Maharajah of Baroda Sir Sayajirao Gaekwad III founded the bank in 1908
Bank of Baroda is the third largest Public Sector bank in India
nationalised by the Government of India in 1969
Industrial Development Bank of India Limited
IDBI stands as the 4th largest Bank in india
it was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.
Some of the institutions built by IDBI are The NSE, NSDL, SHCIL
It is currently the tenth largest development bank in the world
Bank of India (BoI) was established in 1906, Government-owned since nationalization in 1969,
BoI is a founder member of Society for Worldwide Inter Bank Financial Telecommunications
Union Bank Of India was inaugurated by Mahatma Gandhi.
The Bank started its operations in 1920
UBI was ranked 1350 on forbes 2000 list
Corporation Bank was founded in 1906
India’s Best Public Sector Bank as rated by KPMG
India’s Strongest and Asia’s Second Strongest as per the Asian Banker
Canara Bank was established in 1906
The Government of India nationalised Canara Bank in 1969.
Canara Bank was ranked at 1299 in the Forbes Global 2000
Oriental Bank of Commerce was established in 1943
OBC was nationalized in 1980.
Andhra Bank was registered in 1923
Received 'BEST BANK AWARD' a banking technology award by IDRBT
Indian Overseas Bank was established in 1937
The Government of India nationalized IOB in 1967
in 2000, IOB engaged in an initial public offering (IPO) that brought the government's share in the bank's equity down to 75%.
Syndicate Bank was established in 1925
SB was nationalised by Government of India in 1967
- UCO bank
UCO bank is an Indian bank offering deposit schemes,housing loans,education loans ..
Uco Bank was established in 1943
Uco was formerly United Commercial Bank
The Government of India nationalized UCO in 1967
Vijaya Bank was founded in 1931
The bank became a scheduled bank in 1958
The bank was nationalised in 1980.
- Allahabad Bank
Allahabad Bank- bank deposits,international banking,education loans,housing loans. The public sector bank in india provides a lot of facilities
Allahabad Bank began operations in 1865
the Government of India nationalized Allahabad Bank in 1969
in 2002, the bank came out with Initial Public Offer (IPO), which reduced the Government's shareholding to 71%.
- Bank of Maharashtra
This is the web site of Maharashtra Bank one of the largest banks in Western India
Bank of Maharashtra Marathi was Registered in1935
the Government of India nationalized BoM in 1969
The Bank has the largest network of branches by any Public sector bank in the state of Maharashtra.
Dena Bank Ltd. when it was incorporated as a Public Company in 1939.
Dena Bank was nationalised in 1969 along with 13 other banks in India.
Indian Bank was established in 1907
Indian Bank was nationalised in 1969
- United Bank of India
United Bank of India is a public sector bank in India. It provides all kinds of deposit schemes, loan schemes & NRI Schemes with reasonable interest rates.
United Bank of India was the result of the merger in 1950 of four Bengali banks
in 1969, the Government of India nationalized UBI
- Central Bank of India
Central Bank of India was established in 1911 Indian Government nationalized the bank In 1969 Bank ranked first amongst all Bank assurance partners of Life Insurance Corporation of India.
- Punjab & Sind Bank
Punjab & Sind Bank founded in the year 1908 Punjab & Sind Bank was nationalized in 1980
public sector banks of india in the News
- Public sector banks roll out the red carpet for MBAsBusiness Standard India7 days ago
When he took over as the chairman of Union Bank, M V Nair was one of the youngest entrants to the corner office of a public sector bank. So it’s natural that Nair didn’t think twice before rewriting the rules of the recruitment game for his bank.
- MONEY & BANKINGThe Hindu21 hours ago
DEBT MARKET: Why bond markets need a leg-up The Indian financial sector is rapidly transforming, marked by strong economic growth, robust markets and greater efficiency. However, compared to its world-class equity markets, India’s corporate bond market is still in an embryonic ...
- Public sector banks roll out red carpet for MBAsrediff.com7 days ago
Typically, those from the IIMs, Xavier Labour Relations Institute and Indian School of Business joined at Scale III, but graduates from other B-schools were recruited in scale II.
- MONEY & BANKINGThe Hindu2 days ago
DEBT MARKET: Corporates swamp the bond market Owing to lower interest rates, surplus liquidity. Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest rates ...
- The Hindu Business Line : Corporates swamp the bond marketThe Hindu2 days ago
Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest rates and surplus liquidity, say bankers and brokers.
- ICICI raises $750 mn in overseas bondsBusiness Standard India22 hours ago
Four other banks ready to tap the market. To fund the expansion of its overseas business, ICICI Bank, the country’s largest private lender, has raised $750 million (Rs 3,498 crore) in dollar-denominated senior unsecured debt issued from its Bahrain branch.
- To get more, lend more, Govt tells state banksExpress India3 days ago
To ensure that banks lend adequately to productive sectors, the government has decided to link the proposed Rs 22,500-crore capital infusion in state-owned banks to credit offtake.
- Travel firm Carlson Wagonlit bets big on Indian marketCalcutta News4 days ago
Global travel management firm Carlson Wagonlit Travel (CWT) will move its back office business from other countries to India to tap the fast-growing opportunities in the Indian market, a senior official said Wednesday.
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