Question: How many Public Sector Banks are there in India?
Options:
12
13
19
20
• Public Sector Banks:
In these banks, the government holds the major share.
Public Sector Banks are classified as Nationalized Banks and SBI (Nationalized by SBI Act 1955).
There are 12 Public Sector Banks.
In August 2019, Finance Minister announced the mega bank merger after which the number of PSB reduces to 12.
After the merger, PNB became the second-largest bank.
SBI is the largest bank of India.
List of all the Public Sector Banks and their HQ
Bank of Baroda – Vadodara.
Bank of India – Mumbai
Bank of Maharashtra – Pune
Canara Bank – Bangalore
Central Bank of India – Mumbai
Indian Bank – Chennai
Indian Overseas Bank – Chennai
Punjab National Bank – New Delhi
Punjab & Sind Bank –Â New Delhi
Union Bank of India – Mumbai
UCO Bank – Calcutta
State Bank of India – Mumbai
In these banks, the government holds the major share.
Public Sector Banks are classified as Nationalized Banks and SBI (Nationalized by SBI Act 1955).
There are 12 Public Sector Banks.
In August 2019, Finance Minister announced the mega bank merger after which the number of PSB reduces to 12.
After the merger, PNB became the second-largest bank.
SBI is the largest bank of India.
List of all the Public Sector Banks and their HQ
Bank of Baroda – Vadodara.
Bank of India – Mumbai
Bank of Maharashtra – Pune
Canara Bank – Bangalore
Central Bank of India – Mumbai
Indian Bank – Chennai
Indian Overseas Bank – Chennai
Punjab National Bank – New Delhi
Punjab & Sind Bank –Â New Delhi
Union Bank of India – Mumbai
UCO Bank – Calcutta
State Bank of India – Mumbai