Nationalised Banks in India

Nationalised banks dominate the banking system in India. The history of nationalised banks in India dates back to mid-20th century, when Imperial Bank of India was nationalised (under the SBI Act of 1955) and re-christened as State Bank of India (SBI) in July 1955. Then on 19th July 1960, its seven subsidiaries were also nationalised with deposits over 200 crores. These subsidiaries of SBI were State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBIR), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS), and State Bank of Travancore (SBT). However, the major nationalisation of banks happened in 1969 by the then-Prime Minister Indira Gandhi. The major objective behind nationalisation was to spread banking infrastructure in rural areas and make cheap finance available to Indian farmers. The nationalised 14 major commercial banks were Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce (OBC), Punjab and Sind Bank, Punjab National Bank (PNB), Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India (UBI), and Vijaya Bank. In the year 1980, the second phase of nationalisation of Indian banks took place, in which 7 more banks were nationalised with deposits over 200 crores. With this, the Government of India held a control over 91% of the banking industry in India. After the nationalisation of banks there was a huge jump in the deposits and advances with the banks. At present, the State Bank of India is the largest commercial bank of India and is ranked one of the top five banks worldwide. It serves 90 million customers through a network of 9,000 branches.

List of Public Sector Banks in India is as follows:

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28.

Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab and Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India (SBI) State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank IDBI Bank

Banking System - Top Banks In India

Abn Amro Bank | Allahabad Bank | American Express Bank | Andhra Bank | Bank Of India | Canara Bank | Central Bank Of India | Citibank | Corporation Bank | HDFC Bank | HSBC Bank | ICICI Bank | Indian Overseas Bank | Oriental Bank Of Commerce | Punjab National Bank | State Bank Of India (SBI) | Standard Chartered Bank | IDBI | United Bank Of India | Axis bank

Last month( Mar), Dun & Bradstreet, the worlds leading provider of global business information announced the top banks in India in a publication titled Indias Top Banks 2009 . The Top Banks of India 2009 based on the performance in year 2008 are:
S.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Bank Bank of India Bank of India Axis Bank Ltd Citibank N A Punjab National Bank The Federal Bank Limited ABN AMRO Bank N.V. State Bank of India ICICI Bank Limited HSBC State Bank of Hyderabad The South Indian Bank Ltd HSBC Bank of Baroda ICICI Bank Limited State Bank of India Winning Category Overall Best Bank Best Public Sector Bank Best Private Sector Bank Best Foreign Bank Priority Sector Lending (Public Sector) Priority Sector Lending (Private Sector) Priority Sector Lending (Foreign Banks) SME Financing (Public Sector) SME Financing (Private Sector) SME Financing (Foreign Banks) Asset Quality (Public Sector) Asset Quality (Private Sector) Asset Quality (Foreign Banks) Global Business Development (Public Sector) Global Business Development (Private Sector) Rural Reach (Public Sector)

S.No. 17

Bank Tamilnad Mercantile Bank Ltd

Winning Category Rural Reach (Private Sector)

Source: Dun&Bradstreet

Public Sector Banks

1Indian

Bank 2Bank of India 3Union Bank 4Syndicate Bank 5Sate Bank of Saurashtra 6State Bank of Travancore 7Bank of Maharashtra 8Vijaya Bank 9UCO Bank

10Indian

Overseas

19Allahabad

Bank Bank 11Punjab National 20Andhra Bank Bank 21Canara Bank 12Dena Bank 22Bank of 13State Bank of Baroda Hyderabad 23Oriental Bank 14State Bank of 24Punjab & Sind Bikaner & Jaipur Bank 15State Bank of 25IDBI Bank India 26ICICI Bank 16State Bank of 27UTI Bank 28United Bank Mysore 17State Bank of Indore 18Corporation Bank

Private Sector Banks South Indian Bank IndusInd Bank HDFC Bank Jammu & Kashmir Bank Nedungadi Bank Development Credit Bank Ratnakar Bank Mandavi Bank Centurian Bank City Union Bank Federal Bank Catholic Syrian Bank Saraswat Bank DhanLakshmi Bank Cosmos Bank Lakshmi Vilas Bank Bank of Rajasthan Bank of Punjab ING-Vysya Bank Kalyan Bank

Kotak Bank

Karur Vysya Bank United Western Bank

Internet Banking ICICI Bank Federal Bank State Bank of India IDBI Bank Bank of Baroda Bank of Baroda HDFC Bank State Bank of Travancore HSBC Punjab National Bank IndusInd Bank UTI Bank Bank of Punjab Canara Bank Corporation Bank ING-Vysya

Foreign Banks in India Standard Chartered Bank American Express Bank Banque Nationale De Paris Citi Bank ABN Amro Bank Asian Developmant Bank Abu Dhabi C.Bank ANG Bank HSBC

Government-owned banks in India"

The following 29 pages are in this category, out of 29 total. This list may not reflect recent changes (learn more).

A
 

I
Allahabad Bank Andhra Bank
  

S cont.
IDBI Bank Indian Bank Indian Overseas Bank
   

B
  

O
Bank of Baroda Bank of India Bank of Maharashtra


Oriental Bank of Commerce

P


State Bank of India State Bank of Indore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Syndicate Bank

C
 

U
Canara Bank Central Bank of India Corporation Bank


Punjab & Sind Bank Punjab National Bank

  

S
  

UCO Bank Union Bank of India United Bank of India

D


Dena Bank


SIDBI State Bank of Mysore State Bank of Bikaner & Jaipur State Bank of Hyderabad

V


Vijaya Bank