India ka Top Best Companies of India
A Bank happens to be an institute of finance that has the authority to provide and receive money. Banks not only offer loans but are involved in a host of other activities such as fund deposits, safeguarding money, financial services, saving accounts, current exchange, and wealth management. As per the figures of 2021, there are 12 public banks at present within India.
Overview of Public Banks
Public banks are typically government-owned and have a share of 51%. SBI was the very first bank to be nationalized within India. It is the RBI that directs the bank’s operations within India. Recently 4 banks were merged. This article will discuss the top ten public sector banks in India and they have grown over the last couple of decades to serve their customers better.
List of the top 10 Govt Sector Banks In India
Here is a list of the trustworthy government banks within India that have been around for many years now. These banks have adapted well to the changes in the money market and have emerged winners over the years. Take a look to know more about these banks and heir contribution to the banking sector.
State Bank of India
The state bank of India has been in the industry for almost 2 centuries and it is the largest commercial bank in the country. If you consider the factors such as employees, customers, branches, profits, deposits, and assets then this bank is the leader of all government banks. The government owns 51 percent of this bank.
Head Office: State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Customer Care Number: 1800-1234
PNB
When we talk about Swadeshi bank, this was the first one in India that started on 12th April 1895 in Lahore. The bank had a capital that was Rs. 2 lac. This bank was started to offer financial help to the Indians. At present, it has merged with the United Bank of India and Oriental Bank.
Head Office: Plot No 4, Sector -10 Dwarka New Delhi -110075
Customer Care Number: 1800 180 2222
Bank Of Baroda
This bank has its headquarters located in Vadodara and it was founded in 1908. The bank received ample support from the Prince in Baroda. Today the bank has evolved with time and it offers a vast variety of services to its clients. Once you become a customer of this bank you will get to enjoy their flexible services along with many other benefits.
Head Office: Baroda Bhawan 7th floor, R.C. Dutt Road, Vadodara – 390007
Customer Care Number: 1800 102 4455
Canara Bank
This bank started in the year 1906 and was founded by AmmembalPai. The institution achieved bank status in 1910 and was nationalized in 1969. This has now merged with Syndicate Bank.
Syndicate Bank was an old commercial bank and it was started by SrinivasKudva, A Pai, and UpendraPai. The bank became a nationalized bank in 1969. The bank had its headquarter in Manipal. In 2020 the bank merged with Canara Bank.
Head Office: 6648, 112, JC Rd, P.B, Halsurpete, Nagarathpete, Bengaluru, Karnataka 560001
Customer Care Number: 1800 425 0018
Bank of India
This bank was started in 1906 by a group of wealthy businessmen in Mumbai. This bank also underwent nationalization in 1969 it started with a capital that was Rs. 50 thousand and it had only 50 employees. Over the years the bank experienced tremendous growth and today it is a recognizable name in the industry.
Head Office: C-5, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
Customer Care Number: 1800 103 1906
Union Bank
This bank started in 1919 and it has 4200 branches all over the country. This bank has been running it operations within the banking sector for close to 96 years. The bank has expanded its operations manifolds in the last few . This bank merged with Corporation Bank and Andhra Bank in 2021.
Head Office: Vidhan Bhavan Marg, Nariman Point, Mumbai, Maharashtra 400021
Customer Care Number: 1800 22 2244
Central Bank
This bank was started out in the year 1911 by Sir Pochkhanawal. This too was a swadeshi bank. The bank has experienced substantial growth over the years and today it is a trusted institution in the banking industry. The bank has received awards for its services to the clients. This bank has a reputation of employing some of the best professionals who put their experience to good use.
Head Office: Chander Mukhi, Nariman Point Mumbai – 400 021
Customer Care Number: 1800 22 1911
Indian Bank
This bank started out in the year 1907 and it has its headquarters in Chennai. The bank caters to more than 100 million clients. The bank has 20,294 employees, 5,428 ATM booths, and 6,000 branches. The bank has branches in foreign countries like Singapore and Colombo. It also has 227 correspondent banks in 75 countries. The bank is known for their smooth operations and smart investment plans. The bank also uses the latest technology available to offer smooth banking experience to the customers.
Head Office: PB No: 5555, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai – 600 014
Customer Care Number: 1800-425-0000.
IDBI Bank
This bank was started in the year 1964 for the purpose of offering financial and credit facilities to developing companies. It first started as a subsidiary company under the RBI, but then it went independent. Over the years the bank has undergone a massive transformation and experienced tremendous growth. Today it commands a strong reputation in the banking sector and it has 1.892 branches along with 3,683 ATM booths. The bank is like to experience even further growth.
Head Office: IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400005.
Customer Care Number: 1800-209-4324
So, these are the Top 10 Govt Sector Banks In India. They are very reliable and have been in the industry for a long time. They give you the best returns on your investments. These banks may have faced some minor lows in their career, but each time they have overcome each challenge and emerged stronger and better. As a customer, you can always expect great things from these banks. So, if you plan to bank with these financial organizations in the future then you should go ahead without any hesitation as you will have tons to gain from them.
