Government Banks in India List 2023 PDF: Candidates may find information about the list of government banks in India 2023 before merger, Government banks list in India 2023 after merger in this page. Aspirants who have started their preparation or going to prepare for the bank exams shall check out here the list of government banks in India 2023, government banks in India list 2023 pdf before merger, government banks in India list 2023 pdf after merger process etc and get the updated information about this topic. This is one of the most important topic which comes under the static GK and current affairs. A bank is typically a type of financial institution with a license to lend money and accept deposits. The consumer receives additional financial help from it as well. Government banks, often known as public sector banks, are a common category of government-owned banks in India, where the Ministry of Finance of the Government of India or a State Ministry of Finance of one or more Indian State Governments has the majority interest. The government holds more than 51% of the shares in public sector banks. The Reserve Bank of India is the country's top banking regulator and its central banking institution. Candidates looking for information on the List of government banks in India 2023, top 5 nationalised banks in India and the top 10 nationalised banks in India can consult this page below. Candidates may learn the answers to questions like What is the list of government banks in India 2023? Which bank is a government bank in India? Which is India's No 1 government bank? how many government bank in india? Top 10 government banks in India 2023 etc., in this article.

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The backbone of the Indian economy is the public sector banking system. In this article, we go into great length about banks and the many kinds of banks, as well as bank mergers, nationalised banks in India by 2023, and more. There are 27 public sector banks in total as of 2017. On August 30, 2019, the announcement of public sector bank mergers by Finance Minister Nirmala Sitharaman resulted in the reduction of the number of public sector banks to 12. There are now 12 public sector banks in India, according to the government banks in India list 2023 pdf. Also, the list of public banks in India 2023 and India's all bank list is provided below. Have a look at the government banks in India name list 2023 pdf available here.

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List of Government Banks In India 2023 PDF

Candidates can download the government banks in India list 2023 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 2023 pdf and the list of government banks in India 2023 are available here.

Download Government Banks in India List 2023 PDF

Names of Government Banks List in India 2023

Here we have provided the how many government bank in india and the names of government banks list in India 2023 pdf along with the list of government banks in India 2023 pdf for your reference.

The names of government banks list in India 2023 along with the list of government banks in India 2023 after merger are provided here. After major mergers, these are the 12 public sector banks in 2023.

• 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

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12 Public Sector Banks in India 2023 - India's All Bank List

Here we have added the significant details of the list of government banks in India 2023 pdf. 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.

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India's All Bank List: Government Banks in India 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 are 27 public sector banks in India. Check out the list of government banks in India 2023 before merger

The government banks list in India before merger was

• Allahabad Bank

• Andhra Bank

• Bank of Baroda

• 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

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Bank Mergers - Largest Public Sector Banks After Merger

Here is the list of the largest nationalised banks in India in 2023 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.

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Banks Merged - Government Banks List 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.

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Largest Public Sector Banks After Merger

The largest government banks in India list 2023 after mergers is tabulated below.

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Top 10 Government Banks In India 2023

Here you find the list of the top 10 government banks in India 2023 from the list of government banks in India 2023. The banks are provided along with the assets held by them. State Bank of India topped the list with a total of Rs. 51.78 lakh crores INR. The bank which is owned by the Government of India is known as Nationalised bank. Nationalised banks are also known as public sector banks. Candidates in search of the top 5 nationalised banks in India and top 10 nationalised banks in India can refer to the table below.

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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 2023 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

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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

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We hope that the List of Government Banks in India List 2023 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 2023 with details. Also, share this page with your friends and discuss the List of government banks in India 2023 details given.

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FAQs: Government Banks in India List 2023

Here we have given the common FAQs regarding the List of government banks in India 2023 for your reference.

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 2023 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 nationalised banks in India 2023. Here we have added the details of government banks in India list 2023 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 2023, 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 2023?

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.