Government banks in India are also known as Public sector banks which are directly under the control of the statutory body called Reserve Bank of India (RBI). The Reserve Bank of India was empowered by the Bank Regulation Act, of 1949 to inspect and supervise commercial banks. The ranking of banks is considered by their market shareholding.

The top 5 banks in India Based on their Market Cap are (in Crores)

• State Banks of India (SBI) - 761,939.44

• Bank of Baroda - 133,938.28

• Punjab National Bank - 123,893.93

• Indian Overseas Bank - 1,09,029.11

• Union Bank - 98,435.34

These banks are considered to be the top public sector banks in terms of market capitalization and the share held by the government. In this article, we have added details about the Government banks in India,12 Public Sector Banks, a Graphical Representation Logo of the Banks in India, Mergers of the Government Banks, Updated list of the top 10 government Banks in India. Additionally with PDF is attached to this article in both English and Hindi.

Role and Functions of Banks in India

List of Government Banks in India 2024: 12 Public Sector Banks in India

Here we have added the important details of the Indian government banks. The 12 public sector banks along with their taglines. Headquarters, year of establishment, and Government shareholding details are tabulated below for the reference of the aspirants preparing for competitive exams.

About Regional Rural Banks in India

Payment Banks of India

Pictures Of 12 Public Sector Banks

Candidates can go through the 12 public sector banks pictorial representation is given below for easy reference.

Government Banks in India List Before Merger (Public Sector Banks)

With the declaration released on August 30, 2019, there are now 12 public sector banks (also known as government banks). Before that, there were 27 public sector banks in India. Check out the list given below.,

The government banks before the merger was

• Allahabad Bank

• Andhra Bank

• Bank of India

• Bank of Maharashtra

• Canara Bank

• Central Bank of India

• Corporation Bank

• Dena Bank

• Indian Bank

• Indian Overseas Bank

• Oriental Bank of Commerce

• Punjab & Sind Bank

• Punjab National Bank

• Syndicate Bank

• UCO Bank

• Union Bank of India

• United Bank of India

• Vijaya Bank

• IDBI Bank (77.79% government stake)

• SBI+and its five associate banks

• Bharatiya Mahila Bank

List of Indian Banks Headquarters and Taglines

Bank Mergers - Largest Public Sector Banks After Merger

Here is the list of the largest nationalized banks in India in 2024 after the merger. In this merger, the 6 banks merged with 6 independent public sector banks.

• Six merged banks - SBI, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, and Indian Bank.

• Six independent banks - Indian Overseas Bank, Uco Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, and Central Bank of India.

Foreign Banks in India

Banks Merged -List of Government Banks In India After Merger

Banks mega-merger was made by Union Finance Minister Nirmala Sitharaman in 2019. Bank mergers are done to reduce the cost of operation of banks, improve risk management of banks, and improve the professional standard. The bank mergers and acquisitions are provided here.

Check Out National Film Awards

Largest Public Sector Banks After Merger

The largest government banks in India list 2024 after mergers is tabulated below. This article also includes the list which is based on the top 10 public sector banks in India by market cap 2024.

Nobel Prize Winners List

Updated List of Top 10 Government Banks In India

Here the top 10 government banks in India are listed based on their assets held by them. State Bank of India topped the list with a total of ₹ 5,00,179.88 crore (INR). The bank which is owned by the Government of India is known as Nationalised Bank. Nationalized banks are also known as public sector banks. Candidates in search of the top 5 nationalized banks in India and the top 10 nationalized banks in India can refer to the table below.

Assets Held By Top 10 Government Banks In India 2024:

Basics of Banking

Banks & Their Types

These are the types of banks present in our country, Different sorts of banks have different responsibilities to perform. The public sector banks come under commercial banks. Get to know the list of government banks in India 2024 and bank types provided here.

• Central Bank

• Cooperative Banks

• Commercial Banks

• Regional Rural Banks (RRB)

• Local Area Banks (LAB)

• Specialized Banks

• Small Finance Banks

• Payments Banks

Famous Books for Competitive Exams

Government Banks List - Commercial Banks

• There are 3 types of commercial banks, the Public / Government bank, the Private sector bank, the Regional Rural Bank, and the Foreign sector Bank.

• Commercial banks come under the Banking Companies Act of 1956.

• They function on a commercial basis, with profit as their primary goal.

• The primary source of funds for commercial banks is public deposits.

Development Banks In India

List of Government Banks In India 2024 in Hindi

भारत में सरकारी बैंकों के नाम की सूची 

यहां हमने आपके संदर्भ के लिए भारत में सरकारी बैंकों की सूची के साथ-साथ भारत में सरकारी बैंकों की सूची पीडीएफ प्रदान की है।

भारत में सरकारी बैंकों की सूची के साथ-साथ विलय के बाद भारत में सरकारी बैंकों की सूची यहां दी गई है। बड़े विलय के बाद ये हैं 12 सार्वजनिक क्षेत्र के बैंक। 

भारत में सरकारी बैंकों के नाम 

• भारतीय स्टेट बैंक
• पंजाब नेशनल बैंक
• बैंक ऑफ बड़ौदा
• केनरा बैंक
• यूनियन बैंक ऑफ इंडिया
• बैंक ऑफ इंडिया
• इंडियन बैंक
• सेंट्रल बैंक ऑफ इंडिया
• इंडियन ओवरसीज बैंक

• यूको बैंक
• बैंक ऑफ महाराष्ट्र
• पंजाब एंड सिंध बैंक

भारत में 12 सार्वजनिक क्षेत्र के बैंक 2024 - भारत की सभी बैंकों की सूची 

यहां हमने भारत में सरकारी बैंकों की सूची का महत्वपूर्ण विवरण पीडीएफ में जोड़ा है। 12 सार्वजनिक क्षेत्र के बैंक अपनी टैगलाइन के साथ।

प्रतियोगी परीक्षाओं की तैयारी करने वाले उम्मीदवारों के संदर्भ के लिए मुख्यालय, स्थापना का वर्ष और सरकारी शेयरधारिता विवरण नीचे सारणीबद्ध हैं। 

भारत के सभी बैंकों की सूची: विलय से पहले भारत में सरकारी बैंक (सार्वजनिक क्षेत्र के बैंक) 

30 अगस्त, 2019 को जारी घोषणा के साथ, अब 12 सार्वजनिक क्षेत्र के बैंक (जिन्हें सरकारी बैंक भी कहा जाता है) हैं। इससे पहले, भारत में 27 सार्वजनिक क्षेत्र के बैंक थे। विलय से पहले भारत में सरकारी बैंकों की सूची देखें। 

 विलय से पहले भारत में सरकारी बैंकों की सूची थी 

• इलाहबाद बैंक
• आंध्रा बैंक
• बैंक ऑफ बड़ौदा
• बैंक ऑफ इंडिया
• बैंक ऑफ महाराष्ट्र

• केनरा बैंक
• सेंट्रल बैंक ऑफ इंडिया
• कॉर्पोरेशन बैंक
• देना बैंक
• इंडियन बैंक
• इंडियन ओवरसीज बैंक
• ओरिएंटल बैंक ऑफ कॉमर्स
• पंजाब एंड सिंध बैंक
• पंजाब नेशनल बैंक
• सिंडिकेट बैंक
• यूको बैंक
• यूनियन बैंक ऑफ इंडिया
• यूनाइटेड बैंक ऑफ इंडिया
• विजया बैंक
• आईडीबीआई बैंक (77.79% सरकारी हिस्सेदारी)
• एसबीआई+और उसके पांच सहयोगी बैंक
• भारतीय महिला बैंक

बैंकों का विलय - विलय के बाद भारत में सरकारी बैंकों की सूची  

बैंकों का मेगा-विलय 2019 में केंद्रीय वित्त मंत्री निर्मला सीतारमण द्वारा किया गया था। बैंकों के संचालन की लागत को कम करने, बैंकों के जोखिम प्रबंधन में सुधार और पेशेवर मानक में सुधार के लिए बैंक विलय किया जाता है। बैंक विलय और अधिग्रहण यहां प्रदान किए गए हैं। 

विलय के बाद सबसे बड़े सार्वजनिक क्षेत्र के बैंक 

विलय के बाद भारत के सबसे बड़े सरकारी बैंकों की सूची नीचे दी गई है। इस लेख में भारत के शीर्ष 10 सरकारी बैंकों की पीडीएफ भी शामिल है जो मार्केट कैप के हिसाब से भारत के शीर्ष 10 सरकारी बैंकों पर आधारित है।

We hope this article is useful for your competitive exam preparation as well as for knowing more details about banking. So that you can gain in-depth knowledge about the government banks of India or public sector banks.

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FAQs

Q. How many public sector banks are there in India?

A total of 12 public sector banks are in India.

Q. Which is India's No. 1 government bank?

State Bank of India tops the list of nationalized banks in India.

Q. Which bank is a public sector bank in India?

The public sector is a government-owned bank where the government holds more than a 51% stake in that bank.

Q. Which is the No. 3 government bank in India?

The Bank of Baroda is identified as the third-ranked government bank in India.

Q. Which is the 2nd largest public sector bank of India after the merger?

The 2nd largest public sector banks of India after Punjab National Bank, Oriental Bank of Commerce, and United Bank.

Q. What are the 12 government banks in India in 2024?

The 12 public sector banks are - the State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Indian Bank, UCO Bank, and Bank of Maharashtra.