Top 5 Nationalised Banks in India – Canara, UBI, SBI, PNB

Top Nationalised Banks in India

1. State Bank of India (SBI)

SBI is an Indian multinational public sector bank which was founded in the year 1955. Its headquarters is located in Mumbai, India. The bank was previously established as Bank of Calcutta in the year 1806. The bank has highest number of user accounts. The SBI is also operated in more than 30+ countries in the world. The SBI is also listed in Fortune Global 500 list as a leading bank.

2. Punjab National Bank

PNB is an Indian public sector bank with its headquarters in New Delhi. The bank was founded in the year 1894. The bank is under the ownership of Ministry of Finance in Indian government. The bank also has international branches under the PNB International Bank. PNB also has women banks with PNB Women bank branches with all female staffs.

3. Canara Bank (Top 10 nationalised bank in India)

Its the 4th largest nationalised bank in India. The bank was established in the year 1906 and its headquarters is located in Bengaluru. The bank also operates in international branches like UK, Qatar, China, Russia, South Africa, UAE, Hong Kong, etc.

Top 10 nationalised bank in India

4. Union Bank of India (Top 5 Nationalised Banks in India)

UBI is an Indian government owned bank which has 120+ million customers. The bank was founded in the year 1919 with its headquarters in Mumbai, India. The bank has over 9000 branches across the country. The bank also operates with its branches in countries like Sydney, Hong Kong, Australia, UAE, Shanghai, etc.

5. Bank of Baroda (Top Nationalised Banks in India)

Its a popular Indian nationalized bank with its headquarters in Vadodara, Gujarat. Its the 3rd largest nationalised bank in India with more than 130 million customers. The bank has more than 8000 branches across the country. It also has more than 100 branches across the world. The bank has different business operations like personal banking, corporate banking, loans, insurance, mutual funds, etc.

6. Bank of India

The bank was founded in the year 1906 with its headquarters in Mumbai, India. Its an Indian nationalised bank since 1969. Bank of India has more than 5000 branches across the country. The bank also operates internationally with its branches in London, Japan, Singapore, Kenya, Uganda, Tanzania, France, USA, Nigeria, etc. The bank also has other business operations like credit cards, loans, insurance, NRI deposits, etc.

7. Indian Overseas Bank (Top 5 Nationalised Banks in India)

Its also a popular nationalised bank under the Finance Ministry in Government of India. The bank was founded in the year 1937 with its headquarters in Chennai. The bank has more than 3000 domestic branches across the country. It also operates its business internationally with 4 foreign branches.

8. Central Bank of India

Its also an Indian nationalised bank under the Finance ministry. The bank was founded in the year 1911 with its headquarters in Mumbai. Central Bank of India is one of the oldest and largest nationalised commercial bank in India. The bank deals with many financial departments like agriculture loans, retail loans, NRI, MSME, fixed deposits, recurring deposits, etc.

9. Allahabad Bank (now Allahabad Indian Bank)

Its also an Indian nationalised bank with its headquarters in Kolkata. The bank was founded in the year 1865 with its headquarters in Allahabad (Prayagraj), Uttar Pradesh. The bank was nationalised in the year 1969. Later Allahabad Bank got merged with Indian Bank in the year 2020.

10. Syndicate Bank (now Canara Syndicate Bank)

The bank was one of the oldest commercial bank in India which was founded in the year 1925 at Udupi, Karnataka, India. Later the Syndicate Bank merged with the Canara Bank.

11. Dena Bank (now Dena BOB Bank)

The bank was also a government owned bank which was founded in the year 1938 with its headquarters in Mumbai, India. The bank was nationalised by government of India in the year 1969. Later in the year 2019 Dena Bank got merged with Bank of Baroda.

12. Vijaya Bank (now Vijaya BOB Bank)

Vijaya Bank was also a public sector bank which was founded in the year 1931 with its headquarters in Mangaluru, Karnataka. Vijaya bank was one of the famous nationalised bank which was popular in Southern part of India. Later in the year 2020 Vijaya Bank merged with Bank of Baroda.

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