Top Government Bank in India: Hello Dear Readers in this Article we will share with you Top Government Bank in India 2022 (List), There are 3 types of commercial banks, the Public/ Government bank, the Private sector bank, the Regional Rural Banks, and the Foreign sector bank.
the Government of the country is the major shareholder with possession of more than 51% share of the bank. Govt. Banks are also known as Public Sector Banks. we will be looking at the list of all Government banks in India.
Top Government Bank in India 2022 (List)
there is no difference between the Nationalised Bank and Public Sector Bank. we have an updated list of Government banks in India, Here we will give you full details related to the government banks.
State Bank of India
SBI is the largest commercial bank of the country and has a history of 200 years. SBI is the largest in terms of assets, deposits, profits, branches, customers and employees, etc. The Government of India has a stake of more than 50% in SBI.
Headquarters: Mumbai, India, Toll Free: 1800 11 2211, 1800 425 3800, 080-26599990
Bank of Baroda
Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara. Bank of Baroda will be merged with Vijaya Bank and Dena Bank to create the country’s third-largest lender with a combined business of Rs. 14.82 lakh crore.
Union Bank of India
Union Bank of India is one of the largest public sector banks in India. The government holds 90% of its share capital. Union Bank of India or just Union Bank, with the Andhra Bank and Corporation Bank, merge making it top five largest public sector bank in the country by assets.
Punjab National Bank
Punjab National Bank commenced its operations on April 12, 1895, from Lahore. During the long history of the Bank, 7 banks have merged with PNB.
PNB is an Indian Public sector bank under the ownership of the Ministry of Finance and is the second largest government-owned bank in India. The Oriental Bank of Commerce and United Bank of be merged with Punjab National Bank in 2020.
Canara Bank will merge with Syndicate Bank to become the fourth largest Public Sector Bank in the country.
Canara Bank is one of the top five largest nationalised bank in India and has offices in London, Hong Kong, Dubai and New York. The Syndicate Bank was merged with Canara Bank making it fourth largest public sector bank in the country.
Punjab & Sind Bank
Punjab and Sind Bank is emerging as a techno-savvy public sector bank of India. It was founded in 1908.
The Indian nationalised bank offers range of services including savings and current account, loans and personal banking. Punjab & Sind Bank widely spread across India and has zonal offices located all over the country.
Indian Bank is one of the top-performing public sector banks in India by business and after the merge of Allahabad Bank, now the seventh largest bank in the country. Indian Bank has overseas branches in Colombo and Singapore.
Bank of Maharashtra
Bank of Maharashtra has the largest network of branches of any nationalised bank and India’s leading Public Sector Bank that offers deposits, loans, personal banking and services.
Bank of India
BOI was founded under private ownership 1906 and today is an Indian nationalised bank under the ownership of Ministry of Finance. Bank of India has over 5,084 branches spread over all Indian states and union territories.
UCO Bank is one of the major government-owned commercial banks of India. United Commercial Bank established in Kolkata and now one of the nationalised banks in India and also ranked 80 on the Fortune India 500 list
Central Bank of India
Central Bank of India has a presence covering all 28 states and union territories of India. Central Bank of India was also the 1st commercial bank to be completely managed and owned by Indians.
Indian Overseas Bank
IOB or Indian Overseas Bank is one of the major Indian nationalised bank based in Tamil Nadu and has created various milestones in Indian banking sector. Indian Overseas Bank has domestic branches across Indian cities and 6 foreign branches.
|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|
Top Government Bank in India (FAQ):
How many public sector banks are there in India in 2022?
There are 12 Public Sector Banks in India in 2022.
Which is the best government bank in India
- Union Bank of India.
- Canara Bank.
- Bank of Baroda.
- Bank Of India.
- Indian Bank.
- Central Bank of India.
- Indian Overseas Bank.
- Bank of Maharashtra.