Punjab & Sind Bank: This is a public sector bank. As of recent reports, the Government of India holds a very high stake, often cited around 98.25% (as of September 2024, per Wikipedia's list of public sector banks). This is well above 90%.
LIC (Life Insurance Corporation of India): LIC is a state-owned insurance and investment corporation. Historically, the government held 100% of LIC, but after its initial public offering (IPO) in 2022, public shareholding was introduced. As of December 2024, the government's stake is approximately 96.5% (per Wikipedia and SEBI compliance timelines), still above 90%.
Indian Overseas Bank (IOB): Another public sector bank, IOB has a high government stake. Recent data, including a post on X from April 5, 2025, indicates the President of India holds 94.61% as of March 31, 2025. Other sources, like Reuters (November 2024), cite 96.38% as of September 2024. Either way, this exceeds 90%.
UCO Bank: Also, a public sector bank, the government's shareholding in UCO Bank is reported at 95.39% as of December 2024 (per CNBC TV18 and other financial updates). This is above 90%.
State Bank of India (SBI): SBI is India's largest public sector bank. The government's stake in SBI has been reduced over time through public offerings but remains a majority. As of June 2024, the Government of India holds around 57.54% (per SBI's Wikipedia page and official reports), which is significantly below 90%.
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