Names of Indian Public Sector Banks, their Presidents and Headquarters:

What is a bank or what is it called?

A bank is a financial institution that collects money from the public and gives loans to the public. People deposit their savings in these institutions for security or to earn interest and keep withdrawing it from time to time as required. Banks earn interest by giving loans to traders and businessmen by taking the amount received from such deposits. In the present era of economic planning, banks and banking system are considered an essential requirement for the development of agriculture, industry and trade.

Bank Work:

Apart from keeping deposits and providing loans, banks also perform other functions such as, keeping valuables from people for security, collecting their checks for their customers, deducting business bills, doing agency work, To get information about the financial condition of the customers secretly. Therefore, banks not only do money transactions but also deal with credit. That is why the bank is also called the creator of credit.

Banks concentrate the scattered and idle wealth of the country and put them in the production activities in the country, which encourages capital formation and helps in the progress of production. Here we are sharing with you the names of Indian Public Sector Banks, their Presidents and Headquarters. Hope it will help you in your upcoming exams. This page lists Indian Nationalized Banks and their Headquarters in a row:-

List of Nationalized Banks of India, their President and Headquarters:

  1. State Bank of India
  2. Punjab National Bank (with the merger of Oriental Bank of Commerce and United
  3. Bank of India)
  4. Bank Of Baroda
  5. Canara Bank (with merger of Syndicate Bank)
  6. Union Bank of India (with the merger of Andhra Bank and Corporation Bank)
  7. Bank of india
  8. Indian Bank (with merger of Allahabad Bank)
  9. Central Bank Of India
  10. Indian Overseas Bank
  11. UCO Bank
  12. Bank Of Maharashtra
  13. Punjab And Sind Bank

Bank Of Baroda

Bank of Baroda is an Indian multinational bank. It is the third largest public sector bank in the country established in 1908. Bank of Baroda will be merged with Vijaya Bank and Dena Bank, the third largest in the country with an investment of Rs 14.82 lakh crore. Headquarters: Gujarat, India Current President: Hasmukh Adhia Toll Free: 1800 258 44 55, 1800 102 44 55 Official Website: Branches: 9500+ Revenue: Rs 50,305 Cr. ($7.3 billion) Capital Ratio: 12.13%

Bank of india

Bank of India is a founding member of SWIFT (Society for Worldwide Interbank Financial Telecommunication) and one of the top 5 banks in India. Headquarters: Mumbai, India Current President: G. Padmanabhan (Non-exile Chairman), Atanu Kumar Das (MD & CEO) Toll Free: 1800 220 229, 1800 103 1906 E-mail ID: Official Website: Branches: 5300+ Revenue: Rs.462.68 billion ($6.7 billion) Capital ratio: 12.01%

Bank Of Maharashtra

Bank of Maharashtra is a leading public sector bank. The Government of India holds 87.74% of this bank. It is established in 1935. Headquarters: Pune, India Current President: A. s. Rajiv Toll Free: 1800 233 4526, 1800 102 2636 E-mail ID: Official website: Branches: 1800+ Revenue: Rs.13,052.98 crore ($1.9 billion) Capital Ratio: 11.20%

Canara Bank

Canara Bank is one of the oldest public sector banks in India. The bank was established in 1906 as Canara Hindu Permanent Fund, but later its name was changed to Canara Bank Limited in 1910. Canara Bank will merge with Syndicate Bank into the country's fourth largest public sector bank. The total business will be Rs 15.2 lakh crore. It will also become India's third largest branch network.

Headquarters: Bangalore, India Current President: Lingam Venkata Prabhakar Toll Free: 1800 425 0018 Official Website: Branches: 6300+ Revenue: Rs.54,269 Crore ($7.9 Billion) Capital Ratio: 12.86%

Central Bank Of India

The Central Bank of India was one of the eighteen public sector banks that got recapitalized in 2009. It was established in 1911. Headquarters: Mumbai, India Current Chairman: Tapan Ray (Non-Executive Chairman) Toll Free: 1800 22 1911 E-mail ID: Official Website: Branches: 4600+ Revenue: Rs. 2,526.68 crore ($370 million) Capital Ratio: 9.46%

Indian Bank

Indian Bank has overseas branches in Colombo and Singapore. It was established in 1907. Headquarters: Chennai, India Current Chairman: Padmaja Chundru (MD & CEO) Toll Free: 1800 425 00 000, 1800 425 4422 Official Website: Branches: 2900 Revenue: Rs.21,689.67 crore ($3.1 billion) Capital Ratio: 13.20 %

Indian Overseas Bank

Indian Overseas Bank has 6 overseas branches and one representative office. It was established in 1937. Headquarters: Chennai, India Current President: Partha Pratim Sengupta Toll Free: 18004254445 Official Website: Branches: 3400 Revenue: Rs.23,517.29 crore ($3.4 billion) Capital Ratio: 9.66%

Punjab And Sind Bank

Punjab and Sind Bank is emerging as a public sector technical bank of India. It was established in 1908. Headquarters: Rajendra Place New Delhi, India Current President: Charan Singh Toll Free: 1800 419 8300 Official Website: Branches: 1500+ Revenue: Rs.8,558.67 crore ($1.2 billion) Capital Ratio: 11.25%

Punjab National Bank

Punjab National Bank is a banking and financial services bank owned by the Government of India. The bank was established in 1894. PNB Bank is going to merge with OBC and United Bank. The new bank will become India's second largest public sector bank with Rs 18 lakh crore and the second largest bank in terms of branch network across the country.

Headquarters: New Delhi, India Current President: S.S. Mallikarjuna Rao Toll Free: 1800 180 2222, 1800 103 2222 E-mail ID: Official Website: Branches: 7000+ Revenue: Rs.589, 887 crore ($85 billion) Capital Ratio: 11.28%

State Bank of India

State Bank of India is the largest bank in India. SBI is ranked 236 in the Fortune Global 500 list. The bank was established in 1955. Headquarters: Mumbai, India Current President: Dinesh Kumar Khara Toll Free: 1800 11 2211, 1800 425 3800, 080-26599990 Official website: Branches: 22000+ Revenue: Rs.2.79644 trillion ($40 billion) Capital Ratio : 15.90%

UCO Bank

UCO Bank is one of the leading government owned commercial bank in India. It was established in 1943. Headquarters: Kolkata, India Current President: Atul Kumar Goel Toll Free: 1800 274 0123 E-mail ID: Official Website: Branches: 4000+ Revenue: Rs.18,560.97 Crore ($2.7 ) Billion) Capital Ratio: 9.63%

Union Bank of India

Union Bank of India is one of the largest public sector banks in India. The government has 90% share capital. The bank was established in 1919. Headquarters: Mumbai, India Current President: Rajkiran Rai Toll Free: 1800 22 22 44, 1800 208 2244 Official Website: Branches: 9600+ Revenue: Rs.32,198.80 crore ($4.7 billion) Capital Ratio: 10.56% Year Nationalized Bank in 1969

  1. Allahabad Bank
  2. Bank Of Baroda
  3. Bank of india
  4. Bank Of Maharashtra
  5. Central Bank Of India
  6. Canara Bank
  7. Dena Bank
  8. Indian bank
  9. Indian Overseas Bank
  10. Punjab National Bank
  11. Syndicate Bank
  12. UCO Bank
  13. Union Bank of India
  14. United Bank Of India

Nationalized banks in 1980

  1. Punjab And Sind Bank
  2. Vijaya Bank
  3. Oriental Bank Of India
  4. Corporate bank
  5. Andhra Bank
  6. New Bank Of India

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Nationalized Bank GK Questions and Answers 🔗

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Nationalized Bank FAQs:

In the backdrop of reforms in the banking sector in India and to encourage economic growth, the Government of India has merged some banks. From 2017 to 2021, the number of public sector banks has come down from 27 to 12. Presently there are 12 nationalized banks in India.

The Reserve Bank of India was established on 1 April 1935, which had the right to issue notes. The central office of the Reserve Bank was initially established in Calcutta, which was moved permanently to Bombay in 1937.

Regional Rural Banks (RRBs) were established in 1975 by an Ordinance issued on 26 September 1975 and as per the provisions of the Regional Rural Banks Act 1976 with the objective of providing credit to the rural economy by linking it with agriculture, trade, commerce, industry and other production activities. and providing other facilities.

The Central Bank of India is a major public sector bank in India, founded in 1911 by Sir Sorabji Pochkhanwala, a Parsi banker inspired by the Swadeshi movement.

The First bank to introduce ATM in the world was Citibank. Citigroup Inc. The world's largest financial services network, with approximately 16,000 offices spread across 140 countries worldwide.

  Last update :  Sat 18 Mar 2023
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  Post Category :  Government Organizations