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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • How many Public Sector Banks are there in India?

    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 – New Delhi
    Union Bank of India – Mumbai
    UCO Bank – Calcutta
    State Bank of India – Mumbai
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