top 10 government banks in india
Here are the top 10 government-owned banks in India, based on their total assets as of 2021:
1. State Bank of India (SBI)
2. Punjab National Bank (PNB)
3. Bank of Baroda (BOB)
4. Canara Bank
5. Union Bank of India
6. Bank of India (BOI)
7. Central Bank of India
8. Indian Bank
9. Indian Overseas Bank
10. Bank of Maharashtra
Note that this ranking may change over time depending on various factors such as mergers, acquisitions, and economic conditions.
1. State Bank of India (SBI)
State Bank of India (SBI) is the largest government-owned bank in India and one of the largest banks in the world in terms of assets, deposits, branches, and employees. SBI was founded in 1955 and is headquartered in Mumbai, Maharashtra. It offers a wide range of banking products and services to its customers, including personal banking, corporate banking, investment banking, insurance, and wealth management. SBI has a network of over 24,000 branches and 59,000 ATMs across India and operates in over 35 countries worldwide. SBI is also the parent company of several subsidiaries, including SBI Cards, SBI Capital Markets, and SBI Mutual Fund.
2. Punjab National Bank (PNB)
Punjab National Bank (PNB) is a government-owned bank in India, which was founded in 1894 and is headquartered in New Delhi. PNB is the second-largest government-owned bank in India in terms of asset size, after State Bank of India. PNB provides a wide range of financial products and services to its customers, including personal banking, corporate banking, agricultural banking, and international banking. PNB has a network of over 11,000 branches and over 13,000 ATMs across India. The bank also has a presence in other countries such as the UK, Dubai, Hong Kong, and China, among others. PNB's subsidiaries include PNB Housing Finance Limited, PNB Investment Services Limited, and PNB Gilts Limited, among others.
3. Bank of Baroda (BOB)
Bank of Baroda (BOB) is a government-owned bank in India that was founded in 1908 and is headquartered in Vadodara, Gujarat. BOB is the third-largest government-owned bank in India in terms of assets. BOB offers a wide range of banking products and services, including personal banking, corporate banking, international banking, investment banking, and wealth management. The bank has a network of over 10,000 branches and over 10,000 ATMs across India, and also has a presence in other countries such as the USA, UK, UAE, and Australia, among others. BOB's subsidiaries include Baroda Asset Management India Limited, Baroda Pioneer Asset Management Company Limited, and Baroda Global Shared Services Limited, among others.
4. Canara Bank
Canara Bank is a government-owned bank in India that was founded in 1906 and is headquartered in Bengaluru, Karnataka. Canara Bank is one of the oldest government-owned banks in India and is the fourth-largest government-owned bank in terms of assets. The bank provides a wide range of banking products and services, including personal banking, corporate banking, NRI banking, and investment banking. Canara Bank has a network of over 10,000 branches and over 13,000 ATMs across India. The bank also has a presence in other countries such as the UK, UAE, and China, among others. Canara Bank's subsidiaries include Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, Canara Robeco Asset Management Company Limited, and Canbank Venture Capital Fund Limited, among others.
5. Union Bank of India
Union Bank of India is a government-owned bank in India that was founded in 1919 and is headquartered in Mumbai, Maharashtra. Union Bank of India is the fifth-largest government-owned bank in terms of assets. The bank offers a wide range of financial products and services, including personal banking, corporate banking, international banking, and investment banking. Union Bank of India has a network of over 9,500 branches and over 13,000 ATMs across India. The bank also has a presence in other countries such as Hong Kong, Dubai, and Antwerp. Union Bank of India's subsidiaries include Union Asset Management Company Private Limited, Union Mutual Fund, and Union Bank of India (UK) Limited, among others.
6. Bank of India (BOI)
Bank of India (BOI) is a government-owned bank in India that was founded in 1906 and is headquartered in Mumbai, Maharashtra. BOI is the sixth-largest government-owned bank in terms of assets. BOI offers a wide range of banking products and services, including personal banking, corporate banking, international banking, and investment banking. The bank has a network of over 5,000 branches and over 8,000 ATMs across India. The bank also has a presence in other countries such as the USA, UK, Singapore, and Japan, among others. BOI's subsidiaries include Star Union Dai-ichi Life Insurance Company Limited, BOI AXA Investment Managers Private Limited, and BOI Merchant Bankers Limited, among others.
7. Central Bank of India
Central Bank of India is a government-owned bank in India that was founded in 1911 and is headquartered in Mumbai, Maharashtra. Central Bank of India is the seventh-largest government-owned bank in terms of assets. The bank offers a wide range of financial products and services, including personal banking, corporate banking, international banking, and investment banking. Central Bank of India has a network of over 4,000 branches and over 6,000 ATMs across India. The bank also has a presence in other countries such as Hong Kong, Dubai, and Nairobi. Central Bank of India's subsidiaries include Centbank Home Finance Limited, Centbank Financial Services Limited, and Centrum Infrastructure Advisory Limited, among others.
8. Indian Bank
Indian Bank is a government-owned bank in India that was founded in 1907 and is headquartered in Chennai, Tamil Nadu. Indian Bank is the eighth-largest government-owned bank in terms of assets. The bank offers a wide range of banking products and services, including personal banking, corporate banking, NRI banking, and international banking. Indian Bank has a network of over 6,000 branches and over 6,000 ATMs across India. The bank also has a presence in other countries such as Singapore, Colombo, and Seoul. Indian Bank's subsidiaries include Indbank Merchant Banking Services Limited, IndBank Housing Limited, and IndBank Rural Development and Credit Limited, among others.
9. Indian Overseas Bank
Indian Overseas Bank (IOB) is a government-owned bank in India that was founded in 1937 and is headquartered in Chennai, Tamil Nadu. Indian Overseas Bank is the ninth-largest government-owned bank in terms of assets. The bank provides a wide range of banking products and services, including personal banking, corporate banking, NRI banking, and international banking. IOB has a network of over 3,000 branches and over 3,000 ATMs across India. The bank also has a presence in other countries such as Singapore, Hong Kong, and Seoul. Indian Overseas Bank's subsidiaries include IOB Securities Limited and IOB Asset Management Company Limited, among others.
10. Bank of Maharashtra
Bank of Maharashtra is a government-owned bank in India that was founded in 1935 and is headquartered in Pune, Maharashtra. Bank of Maharashtra is the tenth-largest government-owned bank in terms of assets. The bank provides a wide range of banking products and services, including personal banking, corporate banking, and international banking. Bank of Maharashtra has a network of over 1,800 branches and over 1,800 ATMs across India. The bank also has a presence in other countries such as the USA, UK, and Belgium. Bank of Maharashtra's subsidiaries include Maharashtra Executor & Trustee Company Private Limited, MAHA-RERA Registration Authority, and Maharashtra Information Technology Corporation Limited, among others.
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