List of Government Banks in India 2022 PDF: Download | 12 PSBs List (With Details)

In this article, candidates can find the details of the list of government banks in India 2022. A bank is commonly a financial institution licensed to receive deposits and make loans. It also provides other financial support to the customer. Government banks or public sector banks are a major type of government-owned banks in India, where a majority stake is held by the Ministry of Finance of the Government of India or State Ministry of Finance of various State Governments of India. In public sector banks, the government owns more than 51% of shareholdings. Reserve bank of India is India’s central banking institution and supreme banking authority. Candidates can get the answers to their queries such as Which bank is a government bank in India? Which is India's No 1 government bank? Top 10 government banks in India 2022 etc., in this article.

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Public sector banks are the backbone of the Indian economy. Here we have discussed in detail banks and their types, bank mergers, list of nationalized banks in India 2022, bank mergers, etc., A total of 27 public sector banks are there in 2017. Finance minister Nirmala Sitharaman made an announcement of public sector bank mergers on 30th August 2019, the number of public sector banks has reduced to 12. Now as per the government banks in India list 2022, there is a total of 12 public sector banks. Have a look at the government banks in India name list available here.

 

Government Banks in India List 2022

Here is the list of 12 public sector banks of India 2022 provided.

 

 

The government banks in India list 2022 is provided here. After major mergers, these are the 12 public sector banks in 2022.

 

  • State Bank of India
  • Punjab National Bank
  • Bank of Baroda
  • Canara Bank
  • Union Bank of India
  • Bank of India
  • Indian Bank
  • Central Bank of India
  • Indian Overseas Bank
  • UCO Bank
  • Bank of Maharashtra
  • Punjab & Sindh Bank

 

12 Public Sectors Banks in India 2022 - Details

Here we have added the significant details of the government banks in India list 2022. The 12 public sector banks along with their taglines. Headquarters, year of establishment, Government shareholding details are tabulated below for the reference of the aspirants preparing for competitive exams.

 

S.No

Public Sector Banks

Tagline

Government Share Holding (As of 30th June 2021)

Established On

Headquarters

1

State Bank of India

Pure Banking, Nothing Else

55%

1955

Mumbai, Maharashtra

2

Punjab National Bank

 

The Name You Can Bank Upon

73.1%

1894

New Delhi, Delhi

3

Bank of Baroda

 

India's International Bank

64%

1908

Vadodara, Gujarat

4

Bank of India

Relationship Beyond Banking

81.41%

1906

Mumbai, Maharashtra

5

Bank of Maharashtra

Ek Parivaar, Ek Bank (One Family One Bank)

93.33%

1935

Pune Maharashtra

6

Union Bank of India

Good People to Bank with

83.5%

1919

Mumbai, Maharashtra

7

Canara Bank

Together We Can

69.33%

1906

Bengaluru, Karnataka

8

Central Bank of India

Central to You Since 1911, Build a better life around us

93.08%

1911

Mumbai, Maharashtra

9

Indian Bank

Your Own Bank, Banking That's Twice As Good

78.86%

1907

Chennai, Tamilnadu

10

Indian Overseas bank

Good People To Grow With

96.4%

1937

Chennai, Tamilnadu

11

Punjab and Sind Bank

Where Service is a Way of Life

98.07%

1908

New Delhi

12

UCO Bank

Honours your Trust

95.39%

1943

Kolkata, WB

 

List of Government Banks in India 2022 PDF

Candidates can download the government banks in India list 2022 pdf provided here for competitive exam preparation. For bank exams, the details provided here are very important for banking awareness and static GK preparation. Candidates can download the national banks in India 2022 pdf available here.

 

Government Banks in India List 2022 PDF

 

Bank Mergers - Largest Public Sector Banks After Merger

Here is the list of the largest nationalized banks in India 2022 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, Indian Bank.
  • Six independent banks - Indian Overseas Bank, Uco Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India.

 

Banks Merged

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, it improves risk management of banks and it improves the professional standard. The bank mergers and acquisitions are provided here.

 

  • Punjab National Bank, Oriental Bank of Commerce, and United Bank
  • Canara Bank and Syndicate Bank
  • Union Bank, Andhra Bank, and Corporation bank
  • Indian Bank and Allahabad Bank

 

Largest Public Sector Banks After Merger

The largest government banks in India list 2022 after mergers is tabulated below.

 

Bank

Rank

State Bank of India

1

Punjab National Bank, Oriental Bank of Commerce, and United Bank

2

Bank of Baroda

3

Canara Bank and Syndicate Bank

4

Union Bank, Andhra Bank, and Corporation bank

5

Bank of India

6

Indian Bank and Allahabad Bank

7

Central Bank of India

8

Indian Overseas Bank

9

UCO Bank

10

Bank of Maharashtra

11

Punjab & Sind Bank

12

 

Top 10 government banks in India 2022

Here you find the list of the top 10 government banks in India 2022. The banks are provided along with the assets held by them. State Bank of India topped the list with a total of Rs. 45.34 lakh crores.

 

 

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 the commercial banks. Get to know the 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

 

Commercial Banks

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

 

We hope that is article is useful for your competitive exam preparation as well as for knowing more details about banking. Banks & their types, a list of public sector banks with their ranks and asset details are provided here so that you can gain in-depth knowledge about the government banks in India list 2022 with details. Also, share this page with your friends and discuss the details given.

 

FAQs: Government Banks in India List 2022

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

A. A total of 12 public sector banks are there in India. Candidates can check the government banks in India list 2022 provided here in this article.

 

Q. Which is the No 1 public sector bank in India / Which is India's No 1 government bank?

A. State Bank of India tops the list of nationalized banks in India 2022. Here we have added the details of government banks in India list 2022 in this article.

 

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

A. 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?

A. In the government banks in India list 2022, the bank that holds the No 3 position is the Bank of Baroda.

 

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

A. The 2nd largest public sector bank of India after the merger is Punjab National Bank, Oriental Bank of Commerce, and United Bank.

 

Q. What are the 12 public sector banks of India 2022?

A. The 12 public sector banks are - 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.

 

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