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List of Public sector banks in India and their headquarters

06-SEP-2017 06:29
    List of all Public Sector Banks in India

    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:

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    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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