List of Public Sector Banks in India 2022 [Update]

List of Public Sector Banks in India : The banking sector in India is probably the most prosperous sector. It is also referred to as the leading and most powerful industry of the Indian economic system. In this system, more than 75% of market share is enjoyed by the public sector banks. There are a total of 12 public sector banks in India, as of 2022. In this blog, we will look into the list of public sector banks in India.

Public Sector Banks in India 2022 – Complete List

Read on to know more about the public sector banks in India:

Bank Name	Address
Bank of Baroda	Central Office, P.O. Box No. 10046, 9th Floor, Baroda Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai-400 051.
Bank of India	Head Office, Star House, C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051
Bank of Maharashtra	Head Office, Lokmangal, 1501, Shivaji Nagar, Pune-411 005.
Canara Bank	Head Office, 112, J.C. Road, P.B. No. 6648, Bangalore-560 002.
Central Bank of India	Head Office, Chandramukhi, Nariman Point, Mumbai-400 021.
Indian Bank	Head Office, 31, Rajaji Road, Chennai-600 001
Indian Overseas Bank	Central Office, 763, Anna Salai, P.B. No. 3765, Chennai-600 02.
Punjab National Bank	Head Office, Plot No 4, Sector-10,Dwarka New Delhi-110 066.
Punjab & Sind Bank	Head Office, Bank House, 21, Rajindra Place, New Delhi-110 008.
Union Bank of India	Head Office, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai-400 021.
UCO Bank	Head Office, 10, B.T.M. Sarani, Brabourn Road, Calcutta-700 001.
State Bank of India	Central Office, State Bank Bhavan, Madam Cama Road, Mumbai-400 021

1. Bank of India– Established on 7 September 1906 in Mumbai, Maharashtra. The government has a stake of 64.4% in this bank.
2. Bank of Baroda– This bank was established on 20 July 1908 in Vadodara Gujarat. The Maharaja of Baroda, Maharaja H.H. Sir Sayajirao Gaekwad III, founded this bank.
3. Bank of Maharashtra– The Bank of Maharashtra was started on 16 September 1935 in Pune, Maharashtra.
4. Central Bank of India– Established on 21 December 1911 in Mumbai, Maharashtra.
5. Canara Bank– Canara Bank was set up on 1 July 1906 in Mangalore, Karnataka.
6. Indian Overseas Bank– Indian Overseas Bank was set up on 10 February 1937 in Chennai, Tamil Nadu.
7. Indian Bank– Established on 15 August 1907 in Chennai Tamil Nadu, the government has a share of 81.51% in this bank.
8. Punjab National Bank– Punjab National Bank or PNB as popularly known amongst people was set up on 19 May 1894 in New Delhi. Lala Lajpat Rai and Dyal Singh Majhithia founded Punjab National Bank.
9. Punjab & Sind Bank- This respective bank was established on 24 June 1908 in New Delhi.
10. State Bank of India- State Bank of India is the oldest bank in this country and the name says it all. Almost every Indian citizen has an account is this bank which was established on 2 June 1806 in Mumbai, Maharashtra. Rajnish Kumar is currently serving as the chairperson.
11. Union Bank of India– Union Bank of India was set up on 11 November 1919 in Mumbai, Maharashtra.
12. UCO Bank– This bank was established on 6 January 1943 in Kolkata, West Bengal. It was founded by Ghanshyam Das Birla.

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Largest Public Sector Bank in India 2022

State Bank of India was the leading Indian public sector bank based on market capitalization with nearly 3.7 trillion Indian rupees as of October 2022. Bank of Baroda followed, with Canara Bank ranking third that year.

State Bank of India – The Reserve Bank of India acquired the majority of shares from the Imperial Bank of India in 1955 which led to the formation of State Bank of India. Currently, the Indian multinational public sector bank is one of the most valuable brands in the country. However, despite its large customer base, higher deposits, and net profit, the market capitalization of the SBI was much lower than of the leading private sector banks that year. This could be because of a reduced consistency and predictability in the performance of the bank from an investor point of view.

List of Scheduled Private Sector Banks

Here is the list of Scheduled Private sector Banks in India in 2022.

Sr. No.	Name of the Bank
1.	Axis Bank Ltd.
2.	Bandhan Bank Ltd.
3.	CSB Bank Ltd.
4.	City Union Bank Ltd.
5.	DCB Bank Ltd.
6.	Dhanlaxmi Bank Ltd.
7.	Federal Bank Ltd.
8.	HDFC Bank Ltd
9.	ICICI Bank Ltd.
10.	Induslnd Bank Ltd
11.	IDFC First Bank Ltd.
12.	Jammu & Kashmir Bank Ltd.
13.	Karnataka Bank Ltd.
14.	Karur Vysya Bank Ltd.
15.	Kotak Mahindra Bank Ltd
16.	Nainital Bank Ltd.
17.	RBL Bank Ltd.
18.	South Indian Bank Ltd.
19.	Tamilnad Mercantile Bank Ltd.
20.	YES Bank Ltd.
21.	IDBI Bank Ltd.

List of Scheduled Small Finance Banks

Sr.No.	Name of the Bank
1.	Au Small Finance Bank Limited
2.	Capital Small Finance Bank Limited
3.	Equitas Small Finance Bank Limited
4.	Suryoday Small Finance Bank Limited
5.	Ujjivan Small Finance Bank Limited
6.	Utkarsh Small Finance Bank Limited
7.	ESAF Small Finance Bank Limited
8.	Fincare Small Finance Bank Limited
9.	Jana Small Finance Bank Limited
10.	North East Small Finance Bank Limited
11.	Shivalik Small Finance Bank Limited
12.	Unity Small Finance Bank Limited

List of Scheduled Payments Banks

Sr.No.	Name of the Bank
1.	India Post Payments Bank Limited
2.	Fino Payments Bank Limited
3.	Paytm Payments Bank Limited
4.	Airtel Payments Bank Limited

List of Scheduled Regional Rural Banks

Sr.No.	Name of the RRB
1.	Andhra Pragathi Grameena Bank
2.	Andhra Pradesh Grameena Vikas Bank
3.	Arunachal Pradesh Rural Bank
4.	Aryavart Bank
5.	Assam Gramin Vikash Bank
6.	Bangiya Gramin Vikas Bank
7.	Baroda Gujarat Gramin Bank
8.	Baroda Rajasthan Kshetriya Gramin Bank
9.	Baroda UP Bank
10.	Chaitanya Godavari Grameena Bank
11.	Chhattisgarh Rajya Gramin Bank
12.	Dakshin Bihar Gramin Bank
13.	Ellaquai Dehati Bank
14.	Himachal Pradesh Gramin Bank
15.	J&K Grameen Bank
16.	Jharkhand Rajya Gramin Bank
17.	Karnataka Gramin Bank
18.	Karnataka Vikas Grameena Bank
19.	Kerala Gramin Bank
20.	Madhya Pradesh Gramin Bank
21.	Madhyanchal Gramin Bank
22.	Maharashtra Gramin Bank
23.	Manipur Rural Bank
24.	Meghalaya Rural Bank
25.	Mizoram Rural Bank
26.	Nagaland Rural Bank
27.	Odisha Gramya Bank
28.	Paschim Banga Gramin Bank
29.	Prathama UP Gramin Bank
30.	Puduvai Bharathiar Grama Bank
31.	Punjab Gramin Bank
32.	Rajasthan Marudhara Gramin Bank
33.	Saptagiri Grameena Bank
34.	Sarva Haryana Gramin Bank
35.	Saurashtra Gramin Bank
36.	Tamil Nadu Grama Bank
37.	Telangana Grameena Bank
38.	Tripura Gramin Bank
39.	Utkal Grameen bank
40.	Uttar Bihar Gramin Bank
41.	Uttarakhand Gramin Bank
42.	Uttarbanga Kshetriya Gramin Bank
43.	Vidharbha Konkan Gramin Bank

Conclusion

Public sector banks are the more popular option amongst people and naturally so. They enjoy a lot of trust from the citizens of this country owing to them being owned by the government.  Stay tuned to Oliveboard 😀

Public Sector Banks in India 2022 FAQs