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:
- Allahabad Bank (60%)
- Andhra Bank (61%)
- Bank of Baroda (63.7%)
- Bank of India (64.4%)
- Bank of Maharashtra (81.61%)
- Canara Bank (64.5%)
- Central Bank of India (81.5%)
- Corporation Bank (100%)
- Dena Bank (80.7%)
- IDBI Bank (76.5%)
- Indian Bank (81.51%)
- Indian Overseas Bank (89.90%)
- Oriental Bank of Commerce (77.23%)
- Punjab & Sind Bank (79.62%)
- Punjab National Bank (60%)
- State Bank of India (59%)
- Syndicate Bank (66.17%)
- UCO Bank (84.23%)
- Union Bank of India (63.44%)
- United Bank of India (85.91%)
- Vijaya Bank (68.8%)
- 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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