Government Bank of India or Public sector banks are banks in which Government of India holds a share of over 51%. Find below the complete list of Government Banks in India after the recent mergers of public sector banks in India.
[cs_heading column_size=”1/1″ heading_title=”List Of Government Banks ( Public Sector Banks) 2022 – India Govt Bank List” color_title=”” heading_style=”1″ heading_size=”26″ heading_align=”center” heading_divider=”on” heading_font_style=”normal” heading_color=”#228dff”] [/cs_heading]All banks in India is under the direct control of the Reserve Bank of India. There are three types of banks in India.
- Public or Government Banks
- Private Sector Banks
- Foreign Banks
All Public sector banks have Government controls as the Central Government in India is the major stakeholders in these banks. Recently Govt. Of India announced several mergers of public sector banks and the total number of Public sector banks is Twenty One (21) now.
Find below the list of Public Sector banks going to merge in the year 2020.
- Oriental Bank of Commerce and United Bank of India will merge with Punjab National Bank and it will become the 2nd largest Public Sector Bank in India (Punjab National Bank).
- Syndicate Bank will merge with Canara Bank. After the merger, Canara Bank will be the 4th largest public sector bank in India.
- Andhra Bank and Corporation bank will merge with Union Bank Of India. After the merger, Union Bank will be the 5th largest Government bank in India.
- Allahabad Bank will merge with Indian Bank and Indian Bank will be the 7th largest Government Bank In India.
[cs_heading column_size=”1/1″ heading_title=” ” color_title=”Complete list Of Government Banks in India – 2020″ heading_style=”2″ heading_size=”25″ heading_align=”center” heading_divider=”on” heading_font_style=”normal” heading_color=”#228dff”] [/cs_heading]
Find below the complete list of Public sector banks with their head office address and details.
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Find more details about the Public Sector Banks in India.
Learn about the First and Oldest Bank In India here.
How many Government Banks are there in India?
There are 12 Public Sector banks in India now. They are State Bank of India (Largest Public Sector Bank in India), Punjab National Bank (2nd Largest Public Sector Bank in India), Bank Of Baroda, Canara Bank (4th Largest Public Sector Bank), Union Bank Of India (5th Largest bank), Bank Of India, Indian Overseas Bank, Punjab and Sindh Bank, UCO Bank and Bank Of Maharashtra.
Which is the Oldest Bank in India?
The first bank in India was Bank of Hindusthan which was established in the year 1770 but failed in the year 1832. After this bank, a new bank was established named ‘Bank of India’ which was established in the year 1786 but was collapsed in 1791.
Is Axis Bank a government bank?
No. Axis bank is not a government bank in India. Axis bank is one of the best private sector banks in India.
Which is the 3rd largest bank in India?
Bank Of Baroda (BoB) is the 3rd largest bank in India. Vijaya Bank and Dena Bank merged into it and after the merger, BoB becomes the 3rd largest bank after SBI and HDFC bank in India.
Which bank is Government Bank in India?
The latest list of Public Sector (Government Banks) in India are State Bank of India (Largest Public Sector Bank in India), Punjab National Bank (2nd Largest Public Sector Bank in India), Bank Of Baroda, Canara Bank (4th Largest Public Sector Bank), Union Bank Of India (5th Largest bank), Bank Of India, Indian Overseas Bank, Punjab and Sindh Bank, UCO Bank and Bank Of Maharashtra.
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