Public Sector Banks In India And Their Headquarters: Public sector banks in India 2022 is a requisite topic for bank, SSC and other competitive exams. In the general awareness section, aspirants may have questions related to public sector banks in India and their headquarters, public sector banks in India and their taglines, public sector banks in India after merger, public sector banks in India list, public sector banks in India ranking, public sector banks in India list 2022 pdf download and public sector banks in India by size. All these topics are covered in this page for your reference. Aspirants preparing for bank mains exams and other competitive exams must have a good knowledge of the public sector banks in India and their headquarters list shared here. Let’s jump into the article for more info of public sector banks in India 2022.
What are Public Sector Banks?
- When more than 50% of the equity or total stock or shareholdings is held by the government of India, it is called public sector banks.
- The government formulates all the financial guidelines for public sector banks.
- The public sector banks operate under the government to inspire trust in the depositors that their money is safe.
- As a result, the majority of public sector banks have a sound customer base.
- Public sector banks launch new schemes based on the interest of the customers.
- They also charge less for their services than private banks.
- Besides working in the public interest, nationalised banks in India also earn huge profits.
Now, let’s look at the Public Sector Banks In India And Their Headquarters list given below.
Public Sector Banks In India List 2022
List of public sector banks in India with government shareholdings as at end-March 2022 is tabulated. Aspirants can prepare the public sector banks in India UPSC, SSC, Bank and other competitive exams.
| List Of Public Sector Banks In India | Established Year | Government Shareholding % |
| State Bank of India | 1955 | 57.59% |
| Bank of Baroda | 1908 | 63.97% |
| Canara Bank | 1906 | 62.93% |
| Punjab National Bank | 1894 | 73.15% |
| Indian Bank | 1907 | 79.86% |
| Union Bank of India | 1919 | 83.49% |
| Bank of India | 1906 | 81.41% |
| Central Bank of India | 1911 | 93.08% |
| Bank of Maharashtra | 1935 | 90.90% |
| UCO Bank | 1943 | 95.39% |
| Indian Overseas Bank | 1937 | 96.38% |
| Punjab and Sind Bank | 1908 | 98.25% |
12 Public Sector Banks And Their Headquarters And Taglines State Wise
The list of 12 public sector banks headquarters and taglines with chairman/MD and CEO details are tabulated.
| Bank | Headquarters | Chairman/MD & CEO | Tagline |
| MAHARASHTRA | |||
| State Bank of India | Mumbai | Shri Dinesh Kumar Khara
|
With You all the way, Pure
Banking Nothing Else, The Nation Bank on Us, The Banker to Every Indian, A Bank of the Common Man |
| Union Bank of
India ( Anchor Bank) + Andhra Bank+ Corporation Bank) |
Mumbai | Rajkiran Rai G | Good People to Bank with |
| Bank of India | Mumbai | Atanu Kumar Das | Relationship Beyond
Banking |
| Central Bank of
India |
Mumbai | Pallav Mohapatra | Central to you since 1911 |
| Bank of
Maharashtra |
Pune | A S Rajeev | One Family One Bank |
| TAMIL NADU | |||
| Indian Bank (
Anchor Bank) + Allahabad Bank) |
Chennai | Ms. Padmaja Chundru | Your Own Bank |
| Indian Overseas bank | Chennai | Partha Pratim Sengupta | Good People to Grow with |
| DELHI | |||
| Punjab National
Bank ( Anchor Bank) + Oriental Bank of Commerce+ United Bank of India |
New Delhi | S. S. Mallikarjuna Rao | The Name You Can Bank
Upon |
| Punjab & Sind
Bank |
New Delhi | S Krishnan | Where Service is a way of
Life |
| OTHERS | |||
| Canara Bank (
Anchor Bank) + Syndicate Bank |
Bengaluru,
Karnataka |
Lingam Venkata
Prabhakar |
Together we can |
| Bank of Baroda+
Dena Bank+ Vijaya Bank |
Vadodara, Gujarat | Sanjiv Chadha | India’s International Bank |
| UCO Bank | Kolkata, West
Bengal |
Atul Kumar | Where Service Is A Way Of Life |
Bank Mergers In India List 2022
The Government of India has consolidated 10 Public Sector Banks into 4 banks. Finance minister Nirmala Sitharaman has made the bank merger announcement in 2019. As per the finance minister, the merger would help to manage the capital more efficiently. The amalgamation of the PSBs is based on bad loans intensity and regional factors. After these mergers, the country has a total of 12 public sector banks, including State Bank of India (SBI) and Bank of Baroda (BoB). This will result in seven large public sector banks and five smaller ones. The customers including depositors of merging banks will be treated as customers of the banks in which these banks have been merged.
| Bank Mergers In India 2022 | ||
| Sl. No | Acquirer Banks | Banks to be Merged |
| 1. | Punjab National Bank(PNB) | Oriental Bank of Commerce and United Bank of India |
| 2. | Indian Bank | Allahabad Bank |
| 3. | Canara Bank | Syndicate Bank |
| 4. | Union Bank of India | Andhra Bank and Corporation Bank |
Public Sector Banks In India Ranking
Here we have listed the top 10 public sector banks in India with their assets weightage and market capitalisation values. The Indian government merged ten public sector banks into four to restructure them and optimize functionality, significantly increasing profits. The State Bank of India is one of the biggest banks in India and worldwide.
Public Sector Banks In India By Size
| Rank | Bank | Market Capitalisation | Top Banks In India By Assets (Total Assets) |
| 1 | State Bank of India (SBI) | 5.34 trillion INR | 51.78 lakh crores INR |
| 2 | Bank of Baroda | 838.02 billion INR | 11.55 lakh crores INR |
| 3 | Punjab National Bank | 482.28 billion INR | 13.39 lakh crores INR |
| 4 | Canara Bank | 558.21 billion INR | 11.54 lakh crores INR |
| 5 | Bank of India (BOI) | 303.05 billion INR | 7.26 lakh crores INR |
| 6 | Union Bank of India | 427.86 billion INR | 1,071,705.84 crore |
| 7 | Central Bank of India (CBI) | 196.62 billion INR | 3.69 lakh crores INR |
| 8 | IDBI Bank | 510.20 billion INR | 3.01 lakh crores INR |
| 9 | UCO Bank | 172.76 billion INR | 2.53 lakh crores INR |
| 10 | Indian Bank | 330.66 billion INR | 6.26 lakh crores INR |
Challenges Of Public Sector Banks
There are many challenges in the functioning of nationalised banks. Some of the challenges are listed below.
- In rural areas, some of these banks are having financial loss. Whereas in urban areas, these banks show a huge positive response.
- High overdue amount. The government generally waives the loans of farmers and other backward sectors with the intent to help these sectors. This often results in a high overdue amount on public sector banks.
- Competing with some top notch private banks having good infrastructure and customer service that people are drawn to is a challenging one.
- Many public sector banks follow the conventional banking methods, making them less attractive to the younger, tech-savvy generation.
- Non-Performing Assets.
FAQs – Public Sector Banks In India And Their Headquarters
Q. What are public sector banks?
When more than 50% of the equity or total stock or shareholdings is held by the government of India, it is called public sector banks.
Q. Which is the biggest public sector bank in India?
The biggest public sector bank in India is State Bank of India.
Q. Why is the government merging PSBs in India?
Increase in NPAs (non performing assets) of banks and banks are short of enough credit to finance large projects. Hence the government has decided to merge banks.
Q. What is Financial Inclusion?
Guaranteeing access to monetary services timely and adequate credit wherever required by vulnerable sections like weaker sections of society and low-income groups at a reasonable cost is called Financial inclusion.
Q. Which are the banks that got merged into the Bank of Baroda?
The banks that got merged into the Bank of Baroda are Dena bank and Vijaya bank.
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ordering based on location is quite convenient than providing in alphabetical order
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