List of Government Banks in India 2021 (Download Excel & PDF)

Budget 2021: The government has announced a plan to privatize two public sector banks. Banks name, not yet disclosed. Below is the current list of Government banks.

Banking in India can be traced back to the Ancient India where the Vedas Text has a mention of a system very similar to bank which is called “Usury”. In the modern era, banking started in the colonial period with the establishment of the Bank of Hindustan which was established in the year 1770. After Independence, the banking sector was being regulated by the Reserve Bank of India which is the central authority. By this time only State Bank of India was a major government bank and the rest were the private-owned. To meet the need of the Indian economy, the banks were nationalized in the year 1969 and 1980.

Government Banks in India

In the year 2019 RBI announced three major updates in the public sector bank, the first being the merger of Dena Bank, Vijaya Bank into the Bank of Baroda. With the merger of the two banks, Bank of Baroda has become the third largest Bank in India. The other update was privatization of IDBI Bank which is now a private sector bank, acquired by the LIC of India. Third and a major announcement from RBI was was of merger of several public sector banks which reduced the PSU Banks count to 12 now with effect from 1st April 2020. Check below the list of 12 public sector banks in India.

What is Government Bank?

The Government Bank or the Public Sector Bank is the bank that is owned by the Government or is the major shareholder of more than 51% on the bank. It can be both the State Government and Central owned government bank. For example India largest Public Sector Bank is State Bank of India with 52% Government share.

List of 12 Government Bank in India 2021

Below is the list of updated 12 Government banks in India after mega merger. You can also find merged banks in the brackets for reference.

  1. State Bank of India
  2. Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India)
  3. Bank of Baroda
  4. Canara Bank (With Merger of Syndicate Bank)
  5. Union Bank of India (With Merger of Andhra Bank and Corporation Bank)
  6. Bank of India
  7. Indian Bank (With Merger of Allahabad Bank)
  8. Central Bank of India
  9. Indian Overseas Bank
  10. UCO Bank
  11. Bank of Maharashtra
  12. Punjab & Sindh Bank

You may also check list of all Indian banks, from both private and public sector. Lets have a look at each Public Sector bank individually.

Bank of Baroda

Bank of Baroda is an Indian multinational bank. It is third largest public sector bank of the country established in 1908. Bank of Baroda will be merged with Vijaya Bank and Dena Bank to create country’s third largest lender with combined business of Rs. 14.82 lakh crore.

  • Headquarters: Gujarat, India
  • Toll Free: 1800 258 44 55, 1800 102 44 55
  • Official Website: bankofbaroda.com
  • Branches: 9500+
  • Revenue: Rs.50,305 crore ($7.3 billion)
  • Capital Ratio: 12.13%

Bank of India

Bank of India is the founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications) and one of the top 5 banks in India.

  • Headquarters: Mumbai, India
  • Toll free: 1800 220 229, 1800 103 1906
  • E-mail ID: [email protected]
  • Official Website: bankofindia.co.in
  • Branches: 5300+
  • Revenue: Rs.462.68 billion ($6.7 Billion)
  • Capital Ratio: 12.01%

Bank of Maharashtra

Bank of Maharashtra is a major public sector bank. Government of India has 87.74% share of this bank. It is founded in 1935.

  • Headquarters: Pune, India
  • Toll Free: 1800 233 4526, 1800 102 2636
  • E-mail ID: [email protected]
  • Official Website: bankofmaharashtra.in
  • 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 founded in 1906 by the name Canara Hindu Permanent Fund, but later changed its name to Canara Bank Limited in 1910. Canara Bank will merge with Syndicate Bank to become the fourth largest Public Sector Bank of the country. Total business will skyrocket at Rs.15.2 lakh crore. It will also become the third largest branch network of India.

  • Headquarters: Bangalore, India
  • Toll Free: 1800 425 0018
  • Official Website: canarabank.com
  • Branches: 6300+
  • Revenue: Rs.54,269 crore ($7.9 billion)
  • Capital Ratio: 12.86%

Central Bank of India

Central Bank of India was one of eighteen public sector banks which get recapitalized in 2009. It is founded in 1911.

  • Headquarters: Mumbai, India
  • Toll Free: 1800 22 1911
  • E-mail ID: [email protected]
  • Official Website: centralbankofindia.co.in
  • 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 founded in 1907.

  • Headquarters: Chennai, India
  • Toll Free: 1800 425 00 000, 1800 425 4422
  • Official Website: indianbank.in
  • Branches: 2900
  • Revenues: Rs.21,689.67 crore ($3.1 billion)
  • Capital Ratio: 13.20%

Indian Overseas Bank

Indian Overseas Bank has 6 foreign branches and a representative office. It was founded in 1937.

  • Headquarters: Chennai, India
  • Toll Free: 18004254445
  • Official Website: iob.in
  • 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 techno savvy public sector bank of India. It was founded in 1908.

  • Headquarters: Rajendra Place New Delhi, India
  • Toll Free: 1800 419 8300
  • Official Website: psbindia.com
  • 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 Government of India. The bank was established in 1894. PNB bank will going to be merged with OBC and United Bank. The new bank will become the second largest Public Sector Bank of India with 18 Lakh crore rupees and second largest in terms of branch network across the country.

  • Headquarters: New Delhi, India
  • Toll Free: 1800 180 2222, 1800 103 2222
  • E-mail ID: [email protected]
  • Official Website: pnbindia.in
  • 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 236th in the Fortune Global 500 list. The bank was founded in 1955.

  • Headquarters: Mumbai, India
  • Toll Free: 1800 11 2211, 1800 425 3800, 080-26599990
  • Official Website: sbi.co.in
  • Branches: 22000+
  • Revenue: Rs.2.79644 trillion ($40 billion)
  • Capital Ratio: 15.90%

UCO Bank

UCO Bank is one of the major government owned commercial bank of India. It was founded in 1943.

  • Headquarters: Kolkata, India
  • Toll Free: 1800 274 0123
  • E-mail ID: [email protected]
  • Official Website: ucobank.com
  • 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. Government holds 90% its share capital. The bank was founded in 1919.

  • Headquarters: Mumbai, India
  • Toll Free: 1800 22 22 44, 1800 208 2244
  • Official Website: unionbankofindia.co.in
  • Branches: 9600+
  • Revenue: Rs.32,198.80 crore ($4.7 billion)
  • Capital Ratio: 10.56%

Nationalized Banks in India History

Banking is one of the major sectors for a country as it is the deciding factor of country performance in the Economic area. To meet the need of the growing economic need Government of India nationalized bank which was previously owned privately. Nationalization is the process of acquiring major shares in the banks and converting it into the Government bank. The following is the list of banks that were nationalized in India-

Nationalized bank in 1969

  • Allahabad Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Central Bank of India
  • Canara Bank
  • Dena Bank
  • Indian Bank
  • Indian Overseas Bank
  • Punjab National Bank
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India

Nationalized bank in 1980

  • Punjab and Sind Bank
  • Vijaya Bank
  • Oriental Bank of India
  • Corporate Bank
  • Andhra Bank
  • New Bank of India

Download Government Bank list in PDF and Excel

List of Government Bank in India PDF Download
Download Government Banks Excel

The above link provided can be used to download the List of Government Banks in India 2021 in both Excel and PDF format. All banks listed in the PDF and Excel format are Government owned bank and constitute of 12 Public Sector Bank. These banks participate in the NEFT System and have different IFSC Codes that enables the bank to transfer fund.

Last Updated: February 2021

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