Public Sector Banks in India

Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity are as follows:

  1. Allahabad Bank (60%)
  2. Andhra Bank (61%)
  3. Bank of Baroda (63.7%)
  4. Bank of India (64.4%)
  5. Bank of Maharashtra (81.61%)
  6. Canara Bank (64.5%)
  7. Central Bank of India (81.5%)
  8. Corporation Bank (100%)
  9. Dena Bank (80.7%)
  10. IDBI Bank (76.5%)
  11. Indian Bank (81.51%)
  12. Indian Overseas Bank (89.90%)
  13. Oriental Bank of Commerce (77.23%)
  14. Punjab & Sind Bank (79.62%)
  15. Punjab National Bank (60%)
  16. State Bank of India (59%)
  17. Syndicate Bank (66.17%)
  18. UCO Bank (84.23%)
  19. Union Bank of India (63.44%)
  20. United Bank of India (85.91%)
  21. Vijaya Bank (68.8%)
  22. India Post Payments Bank (100%) [Payments Bank]

Apart from these, IDBI has been classified as “Other Public Sector Banks”. The UPA government had launched a Bhartiya Mahila Bank also, which in 2017 was merged in State Bank of India.

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