how many public sector banks in India? or How many public sector banks are there in India? let check the answer to this question below.
With the consolidation of banks, India now has 12 public sector banks and 21 private sector banks. In 2022, look at the list of public and private banks in India, and see which ones are public and which are private.
Top government banks in india
Also, with top government banks in india, India today has 12 public sector banks. check at the list of to government banks in India public in India, and see which ones are public.
The following is a list of all public and private sector banks in India as of 2022: The Reserve Bank of India (RBI) is India’s top banking regulator and was set up in 1934 by the RBI Act.
How many Public Sector Banks in India?
In India, banks are classified into two types: scheduled banks and unscheduled banks. Banks that are scheduled are those that are listed in the second schedule of the RBI Act, 1934, whereas banks that are not scheduled are those that are not listed in the second schedule of the RBI Act, 1934.
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Banks are also broken down into private sector, public sector, and foreign banks based on who owns them.
Commercial banks in India are classified into the following categories:
Banks are covered in the Second Schedule of the RBI Act, 1934. These are classified in the sections below.
1. Private Sector Banks: Private individuals own the lion’s share of these institutions. Private banks include HDFC Bank, ICICI Bank, and AXIS Bank.
2. Public Sector Banks: The government owns the lion’s share. Among public-sector banks are the Punjab National Bank, the State Bank of India, and the Central Bank of India, to name a few.
3. Foreign Banks: Foreign banks are those that have their headquarters outside of India. Standard Chartered Bank, American Express, and Citibank are all examples of foreign sector banks.
In this post, we have included a list of all private-sector banks and public-sector banks.
list of public sector banks in india
Find below the list of public sector banks in India
List of Public Sector Banks in India 2022
|Bank Name||Date of Establishment||Headquarters|
|Bank of Baroda||1908||Vadodara, Gujarat|
|2. Bank of India||1906||Mumbai, Maharashtra|
|3. Bank of Maharashtra||1935||Pune, Maharashtra|
|4. Canara Bank||1906||Bengaluru, Karnataka|
|5. Central Bank of India||1911||Mumbai, Maharashtra|
|6. Indian Bank||1907||Chennai, Tamil Nadu|
|7. Indian Overseas Bank||1937||Chennai, Tamil Nadu|
|8. Punjab and Sind Bank||1908||New Delhi, Delhi|
|9. Punjab National Bank||1894||New Delhi, Delhi|
|10. State Bank of India||1955||Mumbai, Maharashtra|
|11. UCO Bank||1943||Kolkata, West Bengal|
|12. Union Bank of India||1919||Mumbai, Maharashtra|
List of Private Sector Banks 2022
|Bank name||Date of Establishment||Headquarter|
|1. Axis Bank||1993||Mumbai, Maharashtra|
|2. Bandhan Bank||2015||Kolkata, West Bengal|
|3. CSB Bank||1920||Thrissur, Kerala|
|4. City Union Bank||1904||Thanjavur, Tamil Nadu|
|5. DCB Bank||1930||Mumbai, Maharashtra|
|6. Dhanlaxmi Bank||1927||Thrissur, Kerala|
|7. Federal Bank||1931||Aluva, Kerala|
|8. HDFC Bank||1994||Mumbai, Maharashtra|
|9. ICICI Bank||1994||Mumbai, Maharashtra|
|10. IndusInd Bank||1964||Mumbai, Maharashtra|
|11. IDFC FIRST Bank||2015||Mumbai, Maharashtra|
|12. Jammu & Kashmir Bank||1938||Srinagar, Jammu and Kashmir|
|13. Karnataka Bank||1924||Mangaluru, Karnataka|
|14. Karur Vysya Bank||1916||Karur, Tamil Nadu|
|15. Kotak Mahindra Bank||2003||Mumbai, Maharashtra|
|16. IDBI Bank||1964||Mumbai, Maharashtra|
|17. Nainital bank||1922||Nainital, Uttarakhand|
|18. RBL Bank||1943||Mumbai, Maharashtra|
|19. South Indian Bank||1929||Thrissur, Kerala|
|20. Tamilnad Mercantile Bank||1921||Thoothukudi, Tamil Nadu|
|21. YES Bank||2004||Mumbai, Maharashtra|
In terms of income, HDFC Bank is India’s largest private sector bank, whereas State Bank of India (SBI) is the country’s largest public sector bank.
The list of private sector banks and public sector banks above is subject to change. When there is a change to the list, it will be updated here.
India now has 12 public sector banks and 21 private sector banks. Banks are broken down into private-sector, public-sector, and foreign banks based on who owns them.
The government owns the lion’s share of these institutions, while private individuals own a large chunk. Public sector banks are those that have their headquarters in India.
Private sector banks include the State Bank of India, City Union Bank, and Dhanlaxmi Bank. Foreign-owned banks include Standard Chartered Bank, American Express, and Citibank.
hope you find this list of public sector banks India and top government banks in India useful.
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