A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities.
This article is pointing the ‘List of Public sector banks' in India and their headquarters’ along with their taglines and year of establishment.This list will be very useful for the aspirants who are preparing for competitive exams like IAS/PCS/SSC and Banking etc.
List of Public sector banks in India and their headquarters
Banks/Head Quarters | Tagline | Establishment |
|---|---|---|
| 1. Allahabad Bank ( Kolkata) | A Tradition of Trust | April 24, 1865 |
| 2. Andhra Bank (Hyderabad) | Where India banks | Nov. 20, 1923 |
| 3. Bank Of Baroda (Baroda)) | India’s International Bank | July 20, 1908 |
| 4. Bank Of India (Mumbai) | Relationship Beyond Banking | Sept. 7, 1906 |
| 5. Bank Of Maharashtra (Pune) | One Family One Bank | Sept. 16, 1935 |
| 6. Canara Bank (Bengaluru) | Together We Can | July 1, 1906, (Canara Bank Ltd. in 1910) |
| 7. Central Bank Of India (Mumbai) | Build A Better Life Around Us | Dec. 21, 1911 |
| 8. Corporation Bank (Mangalore) | Prosperity For All | Mar. 12, 1906 |
| 9. Dena Bank ( Mumbai) | Trusted Family Bank | May 26, 1938 |
| 10. IDBI Bank (Mumbai) | Banking for all / Aao Sochein Bada | July 1964 |
| 11. Indian Bank (Chennai) | Your Tech-Friendly Bank | Aug 15, 1907 |
| 12. Indian Overseas Bank (Chennai) | Good People to Grow With | Feb 10, 1937 |
| 13. Oriental Bank of Commerce (New Delhi) | Where Every Individual is Committed | Feb. 19, 1943 |
| 14. Punjab National Bank ( New Delhi) | The Name You Bank Upon | May 19, 1894 (founder - Lala Lajpat Rai) |
| 15. Syndicate Bank (Manipal) | Your Faithful And Friendly Financial Partner | Oct. 20, 1925 |
| 16. State Bank of India (Mumbai) | Pure Banking Nothing Else,With You-All The Way | July 1, 1955 (earlier Imperial Bank of India) |
| 17. UCO Bank (Kolkata) | Honours Your Trust | Jan. 6, 1943 |
| 18. Union Bank Of India (Mumbai) | Good People to Bank With | Nov. 11, 1919 |
| 19. United Bank Of India (Kolkata) | The bank that begins with “U” | Nov. 11, 1919 |
| 20. Vijaya Bank (Bengaluru) | A Friend You Can Bank Upon | Oct. 23, 1931 |
| 21. India Post Payments Bank Limited (Delhi) | --- | Jan. 2017 |
Basel III Norms in India: Meaning, Requirement and Impacts on Indian Banking system
After the merger of the associated banks of the SBI, the status of State Bank of India at the world level will be as:
image source:www.thehindubusinessline.com
Public Sector Banks are banks, where more than 50% stake is held by a government. The shares of these banks are listed on stock exchanges. These Banks also came under public scrutiny so that Government can look after the ownership and control of banks by a few business families,to prevent the concentration of wealth and economic power,to mobilize savings from masses from all parts of the country,and to cater to the needs of the priority sectors.
What is the Intake of Government in the Public Sector Banks of India?
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