India Famous For

Major Government Banks in India

18th century marked the beginning of the banking system in India. Bank of Hindostan was the among the first banks established in 1770 and the General Bank of India which was established in 1786 but soon failed. State Bank of India is the oldest running banks in India and among the top government banks in India. It started as Bank of Calcutta in the year 1806, which was later renamed as Bank of Bengal in 1809. Later the three top banks of India funded by the government was merged in 1921 to establish Imperial Bank of India which after India’s independence was renamed to State Bank of India.

India have currently 27 government or public sectors banks of which 19 are nationalized banks in India and rest are SBI and its sub-associate banks. Government Banks in India are managed and controlled by the government of India. Many of these nationalized banks are serving the nation for over centuries.

List of Famous Government Banks in India

Allahabad Bank

Allahabad Bank,PhotoBy : Surajit83 (Wiki)

Allahabad Bank

Established in 1865, Allahabad Bank is the oldest joint stock bank in India. Till the year 2012, the bank has about 2,500 branches across India. It is one of the most famous Government Banks of India with headquarters in Kolkata. The Bank opened its first overseas bank at Hong Kong in 2007. The bank is listed in Bombay Stock Exchange and the National Stock Exchange of India.
Established Date: 24 April 1865
Headquarters: Kolkata
Website: www.allahabadbank.in

Andhra Bank

Andhra Bank, PhotoCredit : orissapost.com

Andhra Bank

An average sized public sector bank (PSB) of India, Andhra Bank was established on 20 November 1923, with its headquarters in Hyderabad. As of 31 Mar 2016, Andhra Bank has about 2803 branches in 25 states and three Union Territories in India. Most of its shares are owned by the government of India. Andhra Bank is one of the most famous banks in South India.
Established Date: 20 November 1923
Headquarters: Hyderabad
Website: www.andhrabank.in

Bank of India

Bank of India, PhotoCredit : thehindubusinessline.com

Bank of India

It is one of the most famous commercial banks owned by the government of India. With its headquarters in Mumbai, Bank of India was founded in 1906 and was nationalized in 1969. It has about 4828 branches as on 31 December 2013. Bank of India was under private ownership and control till July 1969 when it was nationalized along with 13 other banks.
Established Date: 7 September 1906
Headquarters: Mumbai
Website: www.bankofindia.com

Bank of Baroda

Bank of Baroda

Bank of Baroda

Bank of Baroda is the second largest bank in India after State Bank of India. As on 2014, the bank has 5326 branches in India and abroad, and over 8000 ATMs. Maharaja Sayajirao Gaekwad III, the Maharaja of Baroda founded this bank in 1908 in Baroda, Gujarat. The bank was nationalized on 1969 with other banks and was designated as a profit-making public sector undertaking (PSU). The bank has won various awards and accolades for its banking system and policies.
Established Date: 20 July 1908
Headquarters: Vadodara
Website: www.bankofbaroda.com

Bank of Maharashtra

Bank of Maharashtra

Bank of Maharashtra

Bank of Maharashtra is one of the major government banks of India serving about 15 million customers in India. It has the most number of branches than any other public sector bank in Maharashtra. In 1998 the bank got autonomous status, hence the government of India has limited powers on decision-making process and internal affairs of the bank.
Established Date: 1935
Headquarters: Pune
Website: www.bankofmaharashtra.in

Canara Bank

Canara Bank

Canara Bank

One of the most famous national banks in India, Canara Bank was founded as Canara Bank Hindu Permanent Fund in 1906 which makes it one of the oldest serving banks in India. The bank has about 5860 branches and more than 10026 ATMs as of September 2016. Canara Bank also has offices abroad at places like Hong Kong, London, Shanghai, Moscow, South Africa, Dubai, New York, and more.
Established Date: 1906
Headquarters: Bangalore
Website: www.canarabank.com

Central Bank of India

Central Bank of India

Central Bank of India

One of the largest and oldest commercial banks in India, Central Bank of India is a government-owned bank founded on 21 December 1911. Its headquarters is located in Mumbai, the financial capital of India. The bank has about 4741 branches and 5000 ATM’s. It also has overseas offices at Nairobi, Hong Kong and at Zambia.
Established Date: December 1911
Headquarters: Mumbai
Website: www.centralbankofindia.co.in

Corporation Bank

Corporation Bank

Corporation Bank

A public sector bank , Corporation Bank was founded on 12 March 1906 with its headquarters at Mangalore, India. As of 30 January 2015, the bank had 8,000 functional units comprising 2200 branches, 1800+ ATMs, and 3,000 branchless banking units. It is one of the best government banks in India and one of the top 200 companies world over outside the United States.
Established Date: 12 March 1906
Headquarters: Mangalore, Karnataka
Website: www.corpbank.com

Dena Bank

Dena Bank

Dena Bank

Dena Bank was founded in 1938 and was nationalized in 1969. With its headquarters in Mumbai, Dena Bank has about 1,773 total branches and plan to open more branches across India. The bank was founded by the family of Devkaran Nanjee and was named initially as Devkaran Nanjee Banking Company until the 1969 nationalization..
Established Date: 1938
Headquarters: Mumbai
Website: http://www.denabank.com

Indian Bank

Indian Bank

Indian Bank

One of the top performing public sector banks in India, Indian Bank with its headquarters in Chennai has about 2594 branches and thousands of employees. It was owned by the government from 1969 when the bank was nationalized. The bank also has overseas branches at Colombo and Jaffna in Sri Lanka and in Singapore.
Established Date: 15 August 1907
Headquarters: Chennai
Website: http://www.indianbank.in/

Indian Overseas Bank

Indian Overseas Bank

Indian Overseas Bank

One of the top government banks in India, Indian Overseas Bank is based in Chennai and have about 3700 branches and 8 branches and offices overseas as of 2014. The bank has achieved 100% networking status as well as 100% CBS status for its branches. The bank have branches in Singapore, Hong Kong, Colombo, Seoul, and Bangkok.
Established Date: 10 February 1937
Headquarters: Chennai, Tamil Nadu
Website: www.iob.in

Oriental Bank of Commerce

Oriental Bank of Commerce

Oriental Bank of Commerce

Oriental Bank of Commerce is one of the public sector banks in India. It was established initially in Lahore before partition which was shifted to India after the partition and now is based in Gurgaon, India. The bank offers an array of banking products and services such as deposit accounts, loans, debit cards, credit cards (with tie up with SBI), Insurance products, ATMs, Internet banking, Mobile Banking etc.
Established Date: 19 February 1943
Headquarters: Gurgaon
Website: www.obcindia.co.in

Punjab & Sindh Bank

Punjab & Sindh Bank

Punjab & Sindh Bank

A government-owned bank , Punjab & Sindh Bank was established on 24 June 1908 by , Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh and was nationalized on 15 April 1980 by the government of India. The bank has about 1466 branches of which 623 branches are in Punjab.
Established Date: 24 June 1908
Headquarters: New Delhi
Website: https://www.psbindia.com

Punjab National Bank

Punjab National Bank

Punjab National Bank

One of the most famous government banks in India, Punjab National Bank is one of the oldest banks in India established on 19 May 1894 and now have about ,968 branches and over 9,656 ATMs across 764 cities. The bank also has various branches and partnership banks in various countries and cities. It has branches in the UK, Hong Kong, Dubai, Kabul and many other places.
Established Date: 19 May 1894
Headquarters: New Delhi
Website: www.pnbindia.in

Syndicate Bank

Syndicate Bank

Syndicate Bank

One of the oldest and major commercial banks of India, Syndicate Bank was established in 1925 and have headquarters at Manipal, Karnataka. Being one of the best banks in India , it has been awarded many times for its services and products. Syndicate Bank was nationalized in 1969 by government of India.
Established Date: 1925
Headquarters: Manipal, Karnataka
Website: www.syndicatebank.in

UCO Bank

UCO Bank

UCO Bank

A major government-owned commercial bank of India, UCO Bank was founded on 6 January 1943 in Kolkata. The Bank’s Regional presence includes 3,078 branches and 2564 ATMs. It has two overseas branches in Singapore and Hong Kong.
Established Date: 6 January 1943
Headquarters: Kolkata
Website: www.ucobank.com

Union Bank of India

Union Bank of India

Union Bank of India

One of the largest government-owned banks of India, Union Bank of India was founded on 11 November 1919 . With it’s headquarters in Mumbai, the bank has a network of about 4500 branches and 6909 ATMs as of 2016. The bank also have offices in Abu Dhabi, United Arab Emirates, Beijing, Peoples Republic of China, London, and Shanghai, and branches in Hong Kong, Dubai, Antwerp and Sydney.
Established Date: 11 November 1919
Headquarters: Mumbai
Website: www.unionbankofindia.co.in

United Bank of India

United Bank of India

United Bank of India

United Bank of India is an Indian government-owned financial services company which was founded by merging four banks Comilla Banking Corporation, Comilla Union Bank, Bengal Central Bank, and Hooghly Bank in 1950. With its head office in Kolkata, the bank have 35 regional offices and 2005 branches spread all over India.
Established Date: 1950
Headquarters: Kolkata
Website: www.unitedbankofindia.com

Vijaya Bank

Vijaya Bank

Vijaya Bank

One of the fastest growing government banks of India, Vijaya Bank was established in 1931 and was nationalized in 1969 by the government of India. The bank has about 1900 branches and 1651 ATMs as of August 2016. The bank offers wide arrays of financial products and services and is headquartered in Bangalore, Karnataka.
Established Date: 1931
Headquarters: Bangalore
Website: www.vijayabank.com

State Bank of India

State Bank of India

State Bank of India

The oldest running banks in India and among the top government banks in India. State Bank of India started as Bank of Calcutta in the year 1806, which was later renamed as Bank of Bengal in 1809. Later the three top banks of India funded by the government was merged in 1921 to establish Imperial Bank of India which after India’s independence was renamed to State Bank of India. The banks have about 14,000 branches, including 191 foreign offices spread across 36 countries. SBI was ranked 232nd in the Fortune Global 500 rankings of the world’s biggest corporations for the year 2016.
Established Date: 2 June 1806
Headquarters: Mumbai
Website: sbi.co.in

IDBI Bank

IDBI Bank

IDBI Bank

Known as Industrial Development Bank of India, IDBI Bank Indian government-owned financial service company established in 1964. It is currently 10th largest development bank in the world in terms of reach, with 3350 ATMs, 1853 branches. It is one of the best development bank owned by the government of India.
Established Date: July 1964
Headquarters: Mumbai
Website: www.idbi.com

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