List of Government Banks or Public Sector Banks in India

Government banks or public sector banks in India are those that the Government of India owns. As of March 2019, there are 21 government-owned banks in India. The Government of India owns these banks and has a controlling stake.

These banks play a vital role in the Indian economy as they lend to small businesses and farmers, which helps develop the country. Created Government banks aimed to serve India’s people and help the country’s development.

However, these banks have been mired in scams and corruption over the years. In this blog post, we will look at some of the biggest scams uncovered in government banks in India.

What are government banks or public sector banks in India?

There are a total of 21 government banks or public sector banks in India. The Indian government owns these banks, and they offer a variety of banking services to the general public. Some of the services provided by these banks include savings accounts, personal loans, credit cards, home loans, and more.

The 21 government banks or public sector banks in India are

  • Allahabad Bank,
  • Andhra Bank,
  • Bank of Baroda,
  • Bank of India,
  • Canara Bank,
  • Central Bank of India,
  • Corporation Bank,
  • Dena Bank,
  • Indian Bank,
  • Indian Overseas Bank,
  • Oriental Bank of Commerce,
  • Punjab & Sind Bank,
  • Punjab National Bank,
  • Syndicate Bank,
  • UCO Bank,
  • Union Bank of India,
  • United Bank of India,
  • Vijaya Bank.

These banks play a crucial role in the Indian economy, providing financial assistance to many people. They also help in promoting economic growth and development in the country.

List of government banks in India

The following is a list of government banks in India:

-State Bank of India (SBI)
-Bank of Baroda (BoB)
-Punjab National Bank (PNB)
-Canara Bank
-Union Bank of India
-Bank of India
-Indian Overseas Bank (IOB)
-Central Bank of India
-UCO Bank
-Oriental Bank of Commerce (OBC)
-Dena Bank

Advantages of government banks

There are many advantages of government banks in India. They include:

-Security: Government banks in India are considered to be very secure. It is because they are backed by the government and have a solid financial foundation.

-Interest rates: Government banks usually offer lower interest rates on loans and higher interest rates on deposits, which makes them attractive to customers.

-Service quality: Government banks typically have better service quality than private banks. It is because they are subject to stricter regulation and oversight.

-Technology: Government banks in India are often at the forefront of adopting new technology. It helps them provide better customer service and stay ahead of the competition.

Disadvantages of government banks

A few disadvantages of government banks in India are worth mentioning. Firstly, these banks are often accused of being bureaucratic and slow in their decision-making process. It can be a significant hindrance for customers who require quick service.

Secondly, government banks sometimes need help to provide personalized attention to every customer due to the large scale of operations. It can lead to dissatisfaction among customers who feel their requirements need to be adequately met.

Thirdly, corruption is also a significant concern in government banks. It has led to a loss of faith among the general public in these institutions. Several high-profile cases have involved bank officials in corrupt practices such as money laundering, loan fraud, etc.

Fourthly, government banks also suffer from bad governance and poor management. It has resulted in inefficiency and sub-optimal performance by these banks.

Finally, government banks have been hit hard by the recent economic slowdown in the country. Many of these banks struggle to cope with the rising non-performing assets (NPAs) on their balance sheets. It has put additional strain on their already stretched resources and has adversely affected their bottom lines.


Government or public sector banks in India are essential to the country’s financial system. They provide banking services to many people and play a vital role in the development of the economy. While many private sector banks operate in India, government banks still hold a significant market share.

List of Government Banks or Public Sector Banks in India

Bank Name



Holding %



Total Assets

Bank of Baroda

Vododara, Gujarat




US$160 billion

Bank Of India

Mumbai, Maharashtra




US$96 billion

Bank of Maharashtra

Pune, Maharashtra




US$26 billion

Canara Bank

Bengaluru, Kernataka




US$150 billion

Central Bank of India

Mumbai, Maharashtra




US$49 billion

Indian Bank

Channai, Tamil Nadu




US$130 billion

Indian Overseas Bank

Channai, Tamil Nadu




US$36 billion

Punjab and Sind Bank

New Delhi




US$14 billion

Punjab national bank

New Delhi




(US$170 billion

State bank of India

Mumbai, Maharashtra




US$640 billion

UCO Bank

Kolkata, West bengal




US$33 billion

Union Bank of India

Mumbai, Maharashtra




US$140 billion

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