Public Sector Banks In India under RBI list of Public Sector Banks

Public Sector Banks In India | India Public sector banks | list of Public Sector banks in India | Public Sector banks and their Head Quarters | Public Sector banks and their chairman | 2013 Public Sector banks list

Public Sector Banks are the banks in which the majority of Stake is held by government (means more than 50% of Stake). Public Sector Banks are also called as nationalized banks. What is nationalization? And when did the banks nationalized? Nationalization means the process of taking the private industry/ assets into public Ownership. In 1969, 14 commercial banks are nationalized for the first time and after that 6 more commercial banks are nationalized in 1980. At that time total no. of nationalized banks are 20. But In 1993 the Indian government merged New Bank of India with Punjab National Bank. After this action in banking the number reduced to 19. At that time the Indian government controlled 91% of banking business in India. State Bank of India is also public sector bank from the beginning but it has another name i.e., Imperial Bank of India and the name was changed in 1955. State Bank of India has 5 associate banks at present. They are State Bank of Bikaner or Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore. The list of public sector banks and their head quarters are given below.

Public Sector banks list:

Bank Name	Head Quarter	Chairman
Allahabad Bank	Kolkata	ShubhaLakshmi Panse
Andhra Bank	Hyderabad	C.R.V Rajendran
Bank of Baroda	Vadodara	S S Mundra
Bank of India	Mumbai	VijayaLakshmi R lyer
Bank of Maharashtra	Pune	Shri Narendra Singh
Canara Bank	Bangalore	Rajiv Kishore Dubey
Central Bank Of India	Mumbai	Shri M V Tanksale
Corporation Bank	Mangalore	**S.R. Bansal
Dena Bank	Mumbai	Shri Ashwani Kumar
IDBI Bank	Mumbai	R M Malla
Indian Bank	Chennai	T M Bhasin
Indian Overseas Bank	Chennai	M Narendra
Oriental Bank of Commerce	Gurgaon	S L Bansal
Punjab and Sind Bank	New Delhi	Shri Devender Pal Singh
Punjab National Bank	New Delhi	K R Kamath
Syndicate Bank	Manipal	Madhukant Girdharilal Sanghvi
UCO Bank	Kolkata	Arun Kaul
Union Bank of India	Mumbai	D Sarkar
United Bank of India	Kolkata	Archana Bhargav
Vijaya Bank	Bangalore	Shri H S Upendra Kamath
State Bank of India	Mumbai	**Arundhati Bhattacharya

Associate Banks of State Bank of India:

-          State bank of Bikaner or jaipur

-          State Bank of Hyderabad

-          State Bank of Mysore

-          State Bank of Patiala

-          State Bank of Travancore

** Indicates Newly Appointed