List Of Public Sector Banks In India with their Address & Establishment


List Of Public Sector Banks In India

List Of Public Sector Banks In India: Public Sector Banks are banks where a majority stake (i.e. more than 50%) is held by a government. The shares of these banks are listed on stock exchanges. There are a total of 27 PSBs in India. Here on this page we are providing you all Public Sector Banks In India along with their Address & Establishment.

List Of Public Sector Banks In India

The list in accordance with ranking & popularity of public sector banks in India had been given below so that investor may know the bank in which his money is more secured and also know about the banks which are more customers oriented.

List Of Public Sector Banks In India

Bank Name
Official Website

There are currently 27 public sector banks in India out of which 21 are nationalised banks and 6 are State Bank of India and its associate banks. There are total 93 commercial banks in India.

The Central Government goes through the banking business with nationalization of Imperial Bank of India in 1955. A 60% stake was taken by Reserve Bank of India and new bank was named as State Bank of India. The seven various state banks became supplementary of new bank when nationalized on 19 July 1969. The next major nationalization of banks took place in 1969 when the government of India, under Prime Minister Indira Gandhi, nationalized an additional 14 major banks.


Major Banks should be not only socially controlled, but publicly owned," announced Indira Gandhi on eve of nationalization of banks in Indian summer of 1969. Indian policy making has come a long way since, with three series of banking licenses and now talks of licenses on tap, thanks to the RBI Governor Raghuram Rajan. Usually, it is large pay gap that public sector banks have with private sector at top management levels that grabs the headlines.

However, Public sector workers require using inputs into their work that are sourced by private sector. As fire-fighters require trucks, teachers require books, desks. So When public sector jobs are lost, it stands to reason that the inputs into these jobs will fall intimately as per prospect it shows that every public-sector job lost as supplier jobs are lost.

Reasons for Popularity:
  • These banks have more offers and loan schemes in comparison to other banks due to which these are top listed in the category of popularity.
  • Other reason for their high ranking can be that the different available policies are clearer to the customers and these policies are customer- friendly.
  • These banks have better communication and customer- bank relationship.
  • They have more branches available all over the country, so easy shift of accounts and other facilities.

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1 comment:

  1. thank you for the information


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