Top 10 Public Sector Banks in India, 10 Government Banks

Top 10 Public Sector Banks in India – 10 Government Banks information and details has been provided here. India is one of the country where most giant and big companies are owned by Government of India. So, we think that list of Top 10 Government Banks in India will be useful to all financial geeks. Let’s see some basic information and list of banks according their assets.

SBI Logo
SBI Logo

1. State Bank of India (SBI) – Largest Public Sector/Government Bank in India

  • Founded : 1st July, 1955
  • Headquarters: Mumbai, Maharashtra
  • Employees: 2,92,215 as per 2012 figures

2. Bank of Baroda (BOB)

  • Full Name: Bank of Baroda (BOB)
  • Founded : 1908
  • Founders: Maharaja Sayajirao Gaekwad (Baroda Royal State)
  • Headquarters: Baroda (Vadodara), Gujarat, India

3. Punjab National Bank (PNB)

  • Founded on: 1895
  • Founder: Lala Lajpat Rai
  • Employees: 62,127 as per 2012 year
  • Headquarter: New Delhi, India

4. Union Bank of India (UBI)

  • Employees: 27,746 as per 2011
  • Headquarter: Mumbai, Maharashtra, India
  • Net Income: Rs. 1787 Crore (2012 Year)

5. Bank of Maharashtra

  • Founded: 1935
  • Revenue: Rs. 60,939 Million
  • Headquarter: Pune, India

6. Bank of India

  • Founded : 1906
  • Net Income: Rs. 24,887 Million
  • Headquarter: Mumbai, Maharashtra, India
  • Products: Credit Cards, Retail Banking and others.

7. IDBI Bank

  • Headquarters: Mumbai
  • Founded: 1964
  • Net Income: Rs. 20.32 Billion
  • Employees: 1,50,000 (2012 Figures)

8. Canara Bank

  • Founded: 1969
  • Net Income: Rs. 33.41 Million
  • Employees: 44,090 (2012 Figures)
  • Products: Credit Cards, Consumer Banking, Commercial Banking and others.

9. Corporation Bank

  • Headquarter: Mangalore
  • Products: Credit Cards, Retail Banking, Savings, Investment and others.
  • Founded: 1906, Udupi

10. Syndicate Bank

  • Founded : 1925
  • Products: Private Equity, Consumer/Corporate Banking, Investment Banking and others.
  • Employees: 25,569 (2010 Figures)
  • Headquarter: Manipal, Karnataka
  • Revenue: Rs. 11,000 Crore.

Read Also: Top 10 Foreign Banks in India List, Largest Internationals Banks in India

About Public Sector Banks in India

Public Sector Banks (PSBs) 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 [21 Nationalized banks + 6 State bank group (SBI + 5 associates).

Read Also: LIC India Customer Care Number by this website

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