Public Sector Banks List 2023


Indian Public Sector Banks (Government Shareholding %, as of 1st April, 2023)

Public sector banks (PSBs) in India are a group of state-owned banks that provide banking and other financial services to the people of India. These banks are owned and operated by the Government of India, and their primary objective is to develop and promote the country's economy. As of March 2023, there were a total of 21 PSBs in India.

Anchor Bank Established Headquarters Government Shareholding Branches Total Assets Revenues
Bank of Baroda 1908 Vadodara, Gujarat 63.97% 9,693 ₹1,155,364.8 crore (US$140 billion) ₹82,859.5 crore (US$10 billion)
Bank of India 1906 Mumbai, Maharashtra 81.41% 5,084 ₹725,856.45 crore (US$91 billion) ₹45,955 crore (US$5.8 billion)
Bank of Maharashtra 1935 Pune, Maharashtra 90.97% 2,022 ₹184,082 crore (US$23 billion) ₹13,144.67 crore (US$1.6 billion)
Canara Bank 1906 Bengaluru, Karnataka 62.93% 9,677 ₹1,153,675 crore (US$140 billion) ₹84,525 crore (US$11 billion)
Central Bank of India 1911 Mumbai, Maharashtra 93.08% 4,608 ₹369,214.99 crore (US$46 billion) ₹25,897.44 crore (US$3.2 billion)
Indian Bank 1907 Chennai, Tamil Nadu 79.86% 5,787 ₹626,005.02 crore (US$78 billion) ₹45,771 crore (US$5.7 billion)
Indian Overseas Bank 1937 Chennai, Tamil Nadu 96.38% 3,217 ₹274,000.35 crore (US$34 billion) ₹22,422.91 crore (US$2.8 billion)
Punjab and Sind Bank 1908 New Delhi, NCT of Delhi 97.07% 1,526 ₹121,067.55 crore (US$15 billion) ₹8,826.92 crore (US$1.1 billion)
Punjab National Bank 1894 New Delhi, NCT of Delhi 73.15% 10,769 ₹1,809,301 crore (US$230 billion) ₹88,339 crore (US$11 billion)
State Bank of India 1955 Mumbai, Maharashtra 57.62% 22,219 ₹5,177,545 crore (US$650 billion) ₹406,973 crore (US$51 billion)
UCO Bank 1943 Kolkata, West Bengal 95.39% 3,087 ₹253,336.1092 crore (US$32 billion) ₹18,166.42 crore (US$2.3 billion)
Union Bank of India 1919 Mumbai, Maharashtra 83.49% 9,315 ₹1,071,705.84 crore (US$130 billion) ₹80,104.19 crore (US$10 billion)

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