Public Sector Banks (PSBs) or Nationalised Banks are the banks where a majority stake is held by the Government.
There are total 27 Public Sector Banks in India of which 21 are Nationalised Banks and 6 are State Bank group. If you want to get in any of these banks then, you have to first clear an exam. You can appear in any bank exams whether IBPS Bank Exams, SBI, RBI or any other exams.
India has a strong banking and financial sector and it is one of the most influential industry in India’s economy. In this blog, you get to know the Top 10 Nationalised Banks in India according to their assets.
You will get to know the 10 largest Nationalised Banks in India.
Let’s check them out.
Top 10 Largest Public Sector Banks!
These are the largest Public Sector Bank in India. Below we have ranked these banks according to their total assets.
If you want to get recruited in these banks then, you should be updated with all these Upcoming Bank Exams. These banks conduct their own exams so, you can apply for them too.
Now, have a look at the Top 10 Nationalised Banks in India.
10. Syndicate Bank
Total Assets: INR 2,990 billion.
Syndicate Bank is one of the oldest banks in India. Earlier it was known as Canara Industrial and Banking Syndicate Limited. It has it’s headquarter in the university town of Manipal, India.
The bank was established in the year 1925. You can get recruited in this bank through PGDBF course as well. It’s a 1-year banking course.
9. Central Bank of India
Total Assets: INR 3,055 billion.
Central Bank of India was established on 21st December 1911 and is one of the oldest banks in India. Central Bank of India has a joint venture with Bank of India, Bank of Baroda, and the Zambian government.
This bank is headquartered in Mumbai, Maharashtra, India.
8. Indian Bank
Total Assets: INR 3,648 billion.
Indian Banks was established on 15th August 1907 and is one of the top performing public sector banks in India. It is headquartered in Chennai, India.
It has overseas branches in Colombo and Singapore including a Foreign Currency Banking Unit at Colombo and Jaffna. The banks has 227 Overseas Correspondent banks in 75 countries.
7. IDBI Bank
Total Assets: INR 3,744 billion.
IDBI Bank (Industrial Development Bank of India) was established on 01st July 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.
At present Government of India held 73.98% shares in IDBI Bank and Life Insurance Corporation of India held approx. 14.37% of the shares.
6. Union Bank of India (UBI)
Total Assets: INR 4,047 billion.
UBI was established on 11th November 1919 and has it’s headquarter in Mumbai, Maharashtra, India. Government of India owns 63.44% of its share capital.
UBI has 4301 branches of which four of them are overseas in Hong Kong, Dubai International Financial Centre, Antwerp, and Sydney (Australia).
5. Canara Bank
Total Assets: INR 5,530 billion.
Canara Bank was established at Mangalore in 1906 by Ammembal Subba Rao Pai. It has it’s headquarter in Bengaluru, Karnataka, India.
The bank has approx. 6600 branches and has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania and New York.
To know more about this bank click here- Canara Bank.
4. Bank of India (BOI)
Total Assets: INR 6,100 billion.
BOI was established on 07th September 1906 and has it’s headquarter in Mumbai, Maharashtra, India. This banks is one of the Top 10 Nationalised Banks in India.
Bank of India has 5100 branches including 56 offices outside India, which includes five subsidiaries, five representative offices, and one joint venture.
3. Punjab National Bank (PNB)
Total Assets: INR 6,674 billion.
PNB is an Indian multinational banking and financial services company. This bank was established on 19th May 1894.
It has a banking subsidiary in the UK (PNB International Bank) with seven branches in the UK as well as branches in Hong Kong, Kowloon, Dubai, and Kabul.
2. Bank of Baroda (BOB)
Total Assets: INR 6,949 billion.
Bank of Baroda was established on 20th July 1908. As on the 2017 data, this bank was ranked 1145 on Forbes Global 2000 list. BOB is India’s 2nd largest bank based on the assets.
This bank has it’s headquarter in Vadodara, Gujarat, India. This bank has 5500 branches approx. in India as well as abroad.
1. State Bank of India (SBI)
Total Assets: INR 34,450 billion.
SBI is the largest public sector bank in India. It has it’s headquarter in Mumbai, Maharashtra, India. This bank was ranked 216th on the Fortune Global 500 list of the world’s biggest corporations as of 2017.
State Bank of India was established on 01st July 1955.
So, these were the Top 10 Nationalised Banks in India based on their assets.
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