Public Sector Banks In India

There are 27 public sector banks in India. They are categorized as either Nationalized Banks or State Bank Group. The nationalized banks are controlled and owned by the Central Government of India. The State Bank Group is controlled by State Governments.

Public sector banks play a very important role in the Indian economy. They account for approximately 70% of the total banking business in India. These banks provide a variety of banking services to both retail and corporate customers.

The public sector banks in India are as follows:
1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab & Sind Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank

The State Bank Group comprises of the following banks:
1. State Bank of India
2. State Bank of Bikaner & Jaipur
3. State Bank of Hyderabad
4. State Bank of Mysore
5. State Bank of Patiala
6. State Bank of Travancore

Public sector banks in India offer a wide range of banking products and services to their customers. These include savings accounts, fixed deposits, personal loans, home loans, vehicle loans, credit cards, debit cards, etc.

Public sector banks also offer a variety of services to corporate customers. These include project financing, working capital financing, term loans, letter of credit, etc.

Public sector banks have a wide network of branches across India. They also offer online and mobile banking services to their customers.

The public sector banks in India are well-regulated and supervised by the Reserve Bank of India (RBI). These banks follow all the guidelines and regulations set by the RBI.

The public sector banks in India are well-capitalized and have strong balance sheets. They have registered healthy profits in the last few years.

The public sector banks in India have been playing a very important role in the development of the Indian economy. They are expected to continue to play a pivotal role in the years to come.