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Top public sector banks in india

Updated on September 28, 2010

State Bank of India

The 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


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


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

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

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

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

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

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

Oriental Bank of Commerce was established in 1943
OBC was nationalized in 1980.

Andhra Bank

Andhra Bank was registered in 1923
Received 'BEST BANK AWARD' a banking technology award by IDRBT

Indian Overseas Bank

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

Syndicate Bank was established in 1925
SB was nationalised by Government of India in 1967

UCO bank

Uco Bank was established in 1943
Uco was formerly United Commercial Bank
The Government of India nationalized UCO in 1967

Vijaya Bank

Vijaya Bank was founded in 1931
The bank became a scheduled bank in 1958
The bank was nationalised in 1980.

Allahabad Bank

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

Bank of Maharashtra 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

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

Indian Bank was established in 1907 and was nationalised in 1969. it has its headquarters in Chennai

United Bank of India

United Bank of India was the result of the merger in 1950 of four Bengali banks
in 1969, the Government of India nationalized UBI

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      Padmaja 3 years ago

      My question is " at the time of nationalisation in 1969, how did the government compensate the banks in financial terms? in terms of capital? and to what extent? Was there a real outlay of funds from government to invest in these banks which were nationalised in 1969 OR it is that these banks were nationalised by earmarking their capital of 51% as government's share? Can somebody clarify on this aspect?

    • profile image

      G Ganapathi Rao 4 years ago

      this site has excellent information about banks .....

    • maverickmonk profile image
      Author

      sri 4 years ago from india

      it comes under multi state scheduled co-operative bank

      http://www.repcobank.com/about.html

    • profile image

      rajiv 4 years ago

      very informative

    • profile image

      Ashwini Hore 4 years ago

      hi thanks to giving such a wonderful knowledge through this notes its realy good and helpful for the project.

    • profile image

      Murugalakshmi 4 years ago

      Hi I am Murugalakshmi.I had passed IBPS 2011. I attended repco bank interview and got offer also attended Central bank of india.Now, I unable to decide to join repco bank.Please advise whether the repco is govt bank or not

    • profile image

      amit 4 years ago

      its helpful thanx

    • profile image

      kumar 4 years ago

      it is very useful for projects

    • profile image

      prashant singh 5 years ago

      govt banks are the one which despite of profit working for priorty sectors and various scheme of govt of poverity allevation.privatisatoin will hamper this process and result in collasping of economy as recently seen in western world

    • profile image

      HP 5 years ago

      iob is the aged men banks. most of them donot work. simply sitting talking sle eping. After 2015 we can see a drastic change .

    • profile image

      Anukool 5 years ago

      What about Central bank of India. It is really working hard to make its way ahead, it had earned a profit of about 1200 crores in 2011 more than PNB and BOI.

    • profile image

      Synd Bank 5 years ago

      Syndicate bank is the best bank despite not much media presence and marketing... Faithful and friendly financial partner.

    • profile image

      sandeep 5 years ago

      hiii

      can anybody tell me how is the UNION BANK OF INDIA

      I have to jion the bank in APRIL,2012. So, please help me in the same.

      mail me : kreativesandeep@gmail.com

    • profile image

      nari 5 years ago

      thanks

    • profile image

      Allahabad Bank 5 years ago

      Allahabad Bank is no doubt the champion bank.

    • profile image

      UCO bank 5 years ago

      UCO bank provides best service in India.

    • profile image

      United Bank of India 5 years ago

      United Bank of India is the best bank in India.

    • profile image

      yakulan p 5 years ago

      what about REPCO bank?

    • profile image

      john 5 years ago

      thanks!

    • profile image

      vishal khandelwal 6 years ago

      SYNDICATE BANK IS THE BEST BANK

    • profile image

      Anshuman samal(sibu) 6 years ago

      Axis bank is the best bank

    • profile image

      RADHIKA AGRAWAKL 6 years ago

      BEST INFORMATION

    • profile image

      Ramesh Malick 6 years ago

      Good Information

    • profile image

      .Pawan agarwal. 6 years ago

      very good site to know about the pualic sekt. Bank.

      Thanks

    • profile image

      mohan 6 years ago

      information given in the website is very useful.Pls give more information about statistical details

    • profile image

      Yogita chaudhary 6 years ago

      Realy this site is so effective n it provides whole information about all public sector banks in india.. Thanks lot..

    • profile image

      Siddharth 6 years ago

      I think u can gain knowledge from here.

    • profile image

      yogita 6 years ago

      this site really very good. it provides many informations about public sectors banks. thank u....

    • profile image

      dharmendra 6 years ago

      i got the knowledge & INFORMATION about indian banks.

      Very useful site....

    • profile image

      Sunil Kumar Suman 6 years ago

      This site is very informative about the PSU banks. Thanks a lot.

    • profile image

      Vinit  6 years ago

      Through this site i got various information about public sector bank.

      Thanks.

    • profile image

      Kumar Gaurav 6 years ago

      Thanks

      This site is giving better informations.

    • profile image

      sudha 7 years ago

      the information is here is ok. but it is better if it has recent information about banks

    • maverickmonk profile image
      Author

      sri 7 years ago from india

      thanks sunil :)

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      sunil 7 years ago

      this site gives good information over all i am highly satisfied.

      thanks