List of Government Banks or Public Sector Banks in India

Public Sector Banks (PSBs) are primary government-owned banks in India.

A majority stake is owned by the Ministry of Finance, the Government of India, or the State Ministry of Finance of various Indian State Governments.

The shares of these banks are listed on stock exchanges. Their main objective is social welfare. Check below the list of the banks that come under public sector banks.

List of Government Banks or Public Sector Banks in India

Bank Name

Headquarters

Government 

Holding %

Branches 

Established 

Total Assets

Bank of Baroda

Vododara, Gujarat

63.97%

8310

1908

US$160 billion

Bank Of India

Mumbai, Maharashtra

81.41%

5084

1906

US$96 billion

Bank of Maharashtra

Pune, Maharashtra

90.97%

2022

1935

US$26 billion

Canara Bank

Bengaluru, Kernataka

62.93%

10416

1906

US$150 billion

Central Bank of India

Mumbai, Maharashtra

93.08%

4608

1911

US$49 billion

Indian Bank

Channai, Tamil Nadu

79.90%

5744

1907

US$130 billion

Indian Overseas Bank

Channai, Tamil Nadu

96.38%

3217

1937

US$36 billion

Punjab and Sind Bank

New Delhi

97.07%

1526

1908

US$14 billion

Punjab national bank

New Delhi

73.15%

10769

1894

(US$170 billion

State bank of India

Mumbai, Maharashtra

57.62%

22219

1955

US$640 billion

UCO Bank

Kolkata, West bengal

95.39%

3087

1943

US$33 billion

Union Bank of India

Mumbai, Maharashtra

83.50

9315

1919

US$140 billion

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