List of Government Banks in India 2021-2022

By | November 27, 2021


Welcome to jobs.webblogging.in.com, Are you finding a List of Government Banks or Public Sector Banks in India. Here we are providing a list of goverment banks or public sector banks in india. Government Banks or Public Sector Banks are the banks that are owned by the Government of the day. In such banks, the Government of the country is the major shareholder with possession of more than 51% share of the bank. Check here the updated list of the Government banks / Public Sector Banks in India in 2021 along with the complete list of banks that got merged lately.

Important : Please Always Check and Confirm Official Notification and Advertisement Before Apply in Any Recruitment.

What is a Government Bank?

The Government Bank or the Public Sector Bank is the bank that is owned by the Government or is the major shareholder of more than 51% of the bank. It can be both the State Government and Central owned government bank. For example, India’s largest Public Sector bank is the State Bank of India with a 52% Government share.

List of 12 Government Bank in India 2021 – 2022

The table below mentions the banks that belong to the government sector in 2021:

S.No. Public Sector Bank Revenues Established Headquarters
1. Punjab National Bank ( Merged with Oriental Bank Of Commerce and United Bank Of India) Rs.589,887 crore ($85 billion) 1894 New Delhi
2. Indian Bank( Merged with Allahabad Bank) Rs.21,689.67 crore ($3.1 billion) 1907 Chennai
3. State Bank of India Rs.2.79644 trillion ($40 billion) 1955 Mumbai
4. Canara Bank( Merged with Syndicate Bank) Rs.54,269 crore ($7.9 billion) 1906 Bangalore
5. Union Bank of India( Merged with Andhra Bank and Corporation Bank) Rs.32,198.80 crore ($4.7 billion) 1919 Mumbai
6. Indian Overseas bank Rs.23,517.29 crore ($3.4 billion) 1937 Chennai
7. UCO Bank Rs.18,560.97 crore ($2.7 billion) 1943 Kolkata
8. Bank of Maharashtra Rs.13,052.98 crore ($1.9 billion) 1935 Pune
9. Punjab and Sind Bank Rs.8,558.67 crore ($1.2 billion) 1908 New Delhi
10. Bank of India Rs.462.68 billion ($6.7 Billion) 1906 Mumbai
11. Central Bank of India Rs.2,526.68 crore ($370 million) 1911 Mumbai
12. Bank of Baroda Rs.50,305 crore ($7.3 billion) 1908 Gujarat

1. Punjab National Bank

Punjab National Bank is a banking and financial services bank owned by the Government of India. The bank was established in 1894. PNB bank is going to be merged with OBC Bank and United Bank. The new bank will become the second-largest Public Sector Bank of India with 18 Lakh crore rupees and the second largest in terms of branch network across the country.

  • Headquarters: New Delhi, India
  • Toll Free: 1800 180 2222, 1800 103 2222
  • E-mail ID: [email protected]
  • Official Website: pnbindia.in
  • Branches: 7000+
  • Revenue: Rs.589,887 crore ($85 billion)
  • Capital Ratio: 11.28%

2. Indian Bank

Indian Bank has overseas branches in Colombo and Singapore. It was founded in 1907.

  • Headquarters: Chennai, India
  • Toll Free: 1800 425 00 000, 1800 425 4422
  • Official Website: indianbank.in
  • Branches: 2900
  • Revenues: Rs.21,689.67 crore ($3.1 billion)
  • Capital Ratio: 13.20%

3. State Bank of India

State Bank of India:

SBI is the largest commercial bank in India. It has the maximum asset, deposit and profits among the banks in India. 

  • Headquarters: Mumbai, India
  • Toll Free: 1800 11 2211, 1800 425 3800, 080-26599990
  • Official Website: sbi.co.in
  • Branches: 22000+
  • Revenue: Rs.2.79644 trillion ($40 billion)
  • Capital Ratio: 15.90%

4. Canara Bank

Canara Bank is one of the oldest public sector banks in India. The bank was founded in 1906 by the name Canara Hindu Permanent Fund but later changed its name to Canara Bank Limited in 1910. Canara Bank will merge with Syndicate Bank to become the fourth largest Public Sector Bank in the country. The total business of the bank will be Rs.15.2 lakh crore. It will also become the third-largest bank branch network in India.

  • Headquarters: Bangalore, India
  • Toll Free: 1800 425 0018
  • Official Website: canarabank.com
  • Branches: 6300+
  • Revenue: Rs.54,269 crore ($7.9 billion)
  • Capital Ratio: 12.86%

5. 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. The bank was founded in 1919.

  • Headquarters: Mumbai, India
  • Toll Free: 1800 22 22 44, 1800 208 2244
  • Official Website: unionbankofindia.co.in
  • Branches: 9600+
  • Revenue: Rs.32,198.80 crore ($4.7 billion)
  • Capital Ratio: 10.56%

6. Indian Overseas bank

Indian Overseas Bank has 6 foreign branches and a representative office. It was founded in 1937.

  • Headquarters: Chennai, India
  • Toll Free: 18004254445
  • Official Website: iob.in
  • Branches: 3400
  • Revenue: Rs.23,517.29 crore ($3.4 billion)
  • Capital Ratio: 9.66%

7. UCO Bank

UCO Bank is one of the major government-owned commercial banks of India. It was founded in 1943.

  • Headquarters: Kolkata, India
  • Toll Free: 1800 274 0123
  • E-mail ID: [email protected]
  • Official Website: ucobank.com
  • Branches: 4000+
  • Revenue: Rs.18,560.97 crore ($2.7 billion)
  • Capital Ratio: 9.63%

8. Bank of Maharashtra

Bank of Maharashtra is a major public sector bank. The Government of India has 87.74% shares of this bank. It is founded in 1935.

  • Headquarters: Pune, India
  • Toll Free: 1800 233 4526, 1800 102 2636
  • E-mail ID: [email protected]
  • Official Website: bankofmaharashtra.in
  • Branches: 1800+
  • Revenue: Rs.13,052.98 crore ($1.9 billion)
  • Capital Ratio: 11.20%

9. Punjab and Sind Bank

Punjab and Sind Bank is emerging as a techno-savvy public sector bank of India. It was founded in 1908.

  • Headquarters: Rajendra Place New Delhi, India
  • Toll Free: 1800 419 8300
  • Official Website: psbindia.com
  • Branches: 1500+
  • Revenue: Rs.8,558.67 crore ($1.2 billion)
  • Capital Ratio: 11.25%

10. Bank of India

Bank of India is the founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications) and one of the top 5 banks in India.

  • Headquarters: Mumbai, India
  • Toll free: 1800 220 229, 1800 103 1906
  • E-mail ID: [email protected]
  • Official Website: bankofindia.co.in
  • Branches: 5300+
  • Revenue: Rs.462.68 billion ($6.7 Billion)
  • Capital Ratio: 12.01%

11. Central Bank of India

Central Bank of India was one of eighteen public sector banks that get recapitalized in 2009. It is founded in 1911.

  • Headquarters: Mumbai, India
  • Toll Free: 1800 22 1911
  • E-mail ID: [email protected]
  • Official Website: centralbankofindia.co.in
  • Branches: 4600+
  • Revenue: Rs.2,526.68 crore ($370 million)
  • Capital Ratio: 9.46%

12. Bank of Barodav

Bank of Baroda is an Indian multinational bank. It is the third-largest public sector bank in the country established in 1908. 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.

  • Headquarters: Gujarat, India
  • Toll Free: 1800 258 44 55, 1800 102 44 55
  • Official Website: bankofbaroda.com
  • Branches: 9500+
  • Revenue: Rs.50,305 crore ($7.3 billion)
  • Capital Ratio: 12.13%

Government Bank FAQ

1. Which banks are Government?

ans. Public Sector/ Government Banks in India:

2. How many government banks are there?

ans. After a series of mergers, the number of public sector banks has come down to 12, from 27 in 2017. Following are the 12 government-owned banks in India in 2021.

3. Are there Government owned banks?

ans. The Federal Reserve Banks are not a part of the federal government

4. Which bank acts as Government bank?

ans. The Reserve Bank

5. Are there any govt banks in USA?

ans. Federal Reserve system

Conclusion

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