Last updated on March 29th, 2022 at 10:53 am
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.
List Of Government Banks ( Public Sector Banks) 2022 - India Govt Bank List
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.
Complete list Of Government Banks in India - 2020
Find below the complete list of Public sector banks with their head office address and details.
| Bank Name | Head Office | Details |
|---|---|---|
| Allahabad Bank | Netaji Subhas Road, Kolkata-700 001. | Established in the year April 24, 1865. It will merge with Indian Bank in 2020 |
| Andhra Bank | Dr. Pattabhi Bhavan, 5-9-11, Secretariat Road, Saifabad, Hyderabad-500 004. | Founded on 20th November, 1923. It will merge with Union Bank |
| Bank of Baroda | P.O. Box No. 10046, 9th Floor, Baroda Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai | Founded on 20th July 1908. Vijaya Bank and Dena Bank merged into it. 3rd Largest Government Bank in India |
| Bank of India | Star House, C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051 | Founded on 7th September 1906. Nationalised in July 1969 |
| Bank of Maharashtra | Lokmangal, 1501, Shivaji Nagar, Pune-411 005 | Founded on 16th September 1935 at Pune, Maharashtra. |
| Canara Bank | 112, J.C. Road, P.B. No. 6648, Bangalore-560 002 | Founded by Mr. Ammembal Subba Rao Pai on 1906 in the city of Mangalore.Nationalised in July 1969 |
| Central Bank of India | Chandramukhi, Nariman Point, Mumbai-400 021. | Founded by Sir Sorabji Pochkhanawala along with Sir Pherozeshah Mehta on 21st December 1911. |
| Corporation Bank | Mangladevi Temple Rd., Post Box No. 88, Mangalore-575 001 | Founded by Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur on 1906.Nationalised in 1980 |
| Indian Bank | Rajaji Road, Chennai-600 001 | Established on 15th August 1907 as a part of the Swadeshi Movement. Indian Bank will be merged with Allahabad Bank |
| Indian Overseas Bank | 763, Anna Salai, P.B. No. 3765, Chennai-600 02. | Founded by Shri M. Ct. M. Chidambaram Chettyar on 10th February 1937 |
| Oriental Bank of Commerce | Harsha Bhavan, E-Block, Connaught Place, New Delhi-110 001. | Founded by Bahadur Lala Sohan Lal ji on 1943. Nationalised on 15th April 1980 |
| Punjab National Bank | 7, Bhikhaji Cama Place, Africa Avenue, New Delhi-110 066 | Founded by Shri Dyal Singh Majithia and Lala Lajpat Rai in the year 1894 in Lahore. Oriental Bank of Commerce and United Bank will merge with it and it will become the 2nd largest public sector banks in India. |
| Punjab and Sind Bank | Bank House, 21, Rajindra Place, New Delhi-110 008. | Founded by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh in the year 1908. Nationalised on 15th April 1980 |
| State Bank of India | Mumbai, Maharashtra. | The largest public sector bank in India, established in the year 1955. Many state banks merged with it. |
| Syndicate Bank | Manipal-567 119 (Karnataka). | T M A Pai, Upendra Pai and Vaman Kudva together founded the Syndicate Bank in 1925 under the name of Canara Industrial and Banking Syndicate Limited in Udupi, Karnataka.The name of the bank was changed to Syndicate Bank Limited in 1964It will merge with Canara Bank. |
| UCO Bank | 10, B.T.M. Sarani, Brabourn Road, Calcutta-700 001. | Ghanshyam Das Birla founded the United Commercial Bank (now UCO Bank) in 1943 in Kolkata. Nationalized in 1969 |
| Union Bank of India | 239, Vidhan Bhavan Marg, Nariman Point, Mumbai-400 021. | Established on 11th November 1919. Nationalized in 1969. It will merge with Andhra Bank and Corporation Bank. |
| United Bank of India | 239, Vidhan Bhavan Marg, Nariman Point, Mumbai-400 021. | Established on 1950. Nationalized in 1969. United Bank of India will merge with Punjab National Bank . |
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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