The Central Banking Authority of the nation, ruled and regulated by the Reserve Bank of India (RBI), plays an important role in facilitating economic stability and development. On 30 August 2019, Finance Minister Nirmala Sitarman announced a significant improvement by merging several public sector banks to increase operating efficiency and banking services across the country. As a result of this strategic consolidation, the number of public sector banks in India has decreased by 2025, which strengthens the banking sector, strengthening its foundation.
Public sector banks in India
Public sector banks, also known as government or nationalized banks, are financial institutions which have an important amount of Government of India. These banks are known for their nationwide attendance, credibility and active role in implementing government financial plans. By 2025, there are 12 public sector banks in India after several merger and reforms launched by the Ministry of Finance.
List of 12 public sector banks in India
The government’s share under all public sector banks is more than fifty percent. Public sector and government banks are also known as nationalized banks. The list of twelve public sector banks is given below:
| Bank name | Installation of bank | Bank headquarters |
| state Bank of India | 1955 | Mumbai and Maharashtra |
| Punjab national bank | 1894 | New Delhi |
| Bank of Baroda | 1908 | Vadodara gujrat |
| Bank of india | 1906 | Mumbai and Maharashtra |
| Bank of Maharashtra | 1935 | Pune and Maharashtra |
| Union bank of india | 1919 | Mumbai and Maharashtra |
| Canra bank | 1906 | Bengaluru and Karnataka |
| Indian bank | 1911 | Mumbai and Maharashtra |
| Indian bank | 1907 | Chennai and Tamil Nadu |
| Indian Overseas Bank | 1937 | Chennai and Tamil Nadu |
| Punjab and banks are | 1908 | New Delhi |
| Uco bank | 1943 | Kolkata and West Bengal |
state Bank of India
It is the first largest central government bank in India. It is also known as Imperial Bank of India. India. SBI is 236 rankWan Fortune Global 500 List. SBI has the largest branch network in India, with merger with its 5 associates banks. Tagline- net banking, nothing else
Punjab national bank
Punjab National Bank is the second largest government bank. The new name of the merged Punjab National Bank, Oriental Bank and the United Bank is supported 3. PNB’s tagline is –The name in which you can bank.
Bank of Baroda
Bank of Baroda is the third largest bank in India. The merger of Dena Bank and Vijaya Bank created Bank of Baroda. Bank of Baroda is an Indian multinational bank. Tagline: International Bank of India
Bank of Maharashtra
Bank of Maharashtra originated in 1969. It was established and built and made by DK Saath. Bank of Maharashtra is a major public sector bank. Tagline: A family a bank.
Bank of india
Bank of India is a major nationalized bank. It was founded by a prestigious group in Maharashtra as well as Mumbai. Bank of India is the founding member of Swift (Society for Worldwide Inter Bank Financial Telecom). Tagline: Relationship beyond banking.
Union bank of india
Union Bank of India is a very famous government bank. It consists of 3040 ATMs under them. It consists of full automatic 2600 CBS branches. The tagline of this bank- Good people with the bank.
Canra bank
Canara Bank is the largest public sector government bank in India. Canara Bank will merge with Syndicate Bank to become the fourth largest public sector bank in the country. Canara Bank has a tagline- together we can.
Indian bank
It was founded by Ammibbal Sabba Rao Pai. It originated in 1969 in Mangalore. Established in 1911, India’s financial organization was the primary Indian bank which was closely organized and managed by Indians. Tagline- Central for you since 1911.
Indian bank
Indian bank is the oldest bank in India, which includes 20924 rates of employees. It also includes 2900 bank branches and 2861 ATMs below them. The tagline of this bank is- Your own bank.
Indian Overseas Bank
The founder of the Indian Overseas Bank is thiru.m.ct.m. Chidambaram Chettiyar. This has formally given foreign exchange operations with high capacity. It is the fastest and largest top artist among public sector banks. Tagline- To grow with good people
Uco bank
It was established in 1943 in Kolkata, India. UCO is a group of eminent Indian industrialists, the founder of the bank. It is a commercial bank that has provided an excellent economic facility to people. UCO Bank has a tagline- Honor your trust.
Punjab and banks are
Punjab and Sindh Bank have 623 branches in the state of Punjab, and across the country, it has 1559 bank branches. It is a public sector bank in India. The tagline of this bank- Where service is a way of life.
