You asked: How many government banks are there in India?

How many govt banks are there in India?

The Current List of 12 Public Sector Banks in India 2021(Government Banks) State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Indian Bank, UCO Bank, and Bank of Maharashtra.

How many government banks are there in India in 2020?

As of July 2020 after the recent mergers of government banks, there are a total of 12 nationalized banks in India and RBI is the governing body that manages these nationalised banks. In the last year, ten public sector banks were merged into four banks.

Which is the No 1 government bank in India?

Public Sector/ Government Banks in India:

SNo Public Sector Bank Headquarters
1 Punjab National Bank ( Merged with Oriental Bank Of Commerce and United Bank Of India) New Delhi
2 Indian Bank( Merged with Allahabad Bank) Chennai
3 State Bank of India Mumbai
4 Canara Bank( Merged with Syndicate Bank) Bangalore

How many government banks are there in India in 2021?

List of 12 Government Bank in India 2021 – 2022. Below is the list of updated 12 Government banks in India after the mega-merger. You can also find merged banks in the brackets for reference.

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How many banks are there in India 2020?

Public-sector banks (PSBs)

Subsequently, the number of public sector bank has been reduced to 12 from 27. This new amalgamation came effective from 1 April 2020.

How many banks are there in India List?

Currently, there are a total of 34 banks functioning in India of which 12 are public sector banks and rest 22 are private sector banks. Below is a list of all banks in India.

How many banks are Nationalised in 1969?

In 1969, the Government of India nationalised 14 major private banks; one of the big banks was Bank of India.

Which government bank is best?

List of Top Public sector Government bank in India

  • Bank of India. Bank of India was founded on 7th September 1906 by a group of eminent businessmen from Mumbai. …
  • Union Bank of India. Union Bank of India is one the leading public sector bank in the country. …
  • Canara Bank. …
  • Punjab National Bank. …
  • Bank of Baroda. …
  • State Bank of India.

Which is best bank in India?

Top 10 Banks in India

  • HDFC Bank.
  • State Bank of India.
  • ICICI Bank.
  • Axis Bank.
  • Kotak Mahindra Bank.
  • IndusInd Bank.
  • Yes Bank.
  • Punjab National Bank.