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A public sector bank (in India) is one that is owned by the Government of India. The following are the list of Public Sector Banks in India
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharastra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
List of State Bank of India and its subsidiary, a Public Sector Banks
State Bank of India
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Indore
State Bank of Mysore
State Bank of Saurastra
State Bank of Travancore
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoYes, it is . GoI shares are 63 % in SBI. It is established under THE STATE BANK OF INDIA ACT, 1955. The Central Government needs an amendment to this Act if want to reduce the stake to less than 51%.
You can see the related link for details of its PSU and its classification.
Wiki User
∙ 13y agoYes. Allahabad Bank is one of the largest public sector banks in India and was established way back in 1865. They have over 2000 branches in India and have their headquarters in Kolkata, India.
Wiki User
∙ 10y agoyes... all nationalised banks belongs to public sector banks...
Wiki User
∙ 12y agoSbi is governed under SBI act ,it cannot be said as Nationalised Bank
Wiki User
∙ 12y agoNO
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What is the name of the largest bank in India?
The largest bank in India is State Bank of India. State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.
Punjab national bank is a government or private?
State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.
What was the name of the first bank established in India?
First commercial bank established in India was Bank of Calcutta, became operational on 2nd of June, 1806.
Name of any partnership firm in India?
State Bank of India is one example of a partnership firm in India.
What is name of the software used in state bank of India?
Quicken
What was the name of India's fast bank?
imperial bank of india
What is the name of central bank of India?
reserve bank of India
What is the earliest name of Reserve bank of India?
its earliest name was IMPERIAL BANK OF INDIA
What is the old name of state bank of India?
Imperial Bank of India.
Name the central bank of India?
central co-operative bank
What is the name of the largest bank in India?
The largest bank in India is State Bank of India. State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.
What is the oldest name for SBI?
SBI (State Bank of India) formerly known as Imperial Bank of India was renamed as State Bank of India in 1955.
The name of the bank which has the punchline the name you can bank with?
The bank that claims to be "the name you can bank on" is the Punjab National Bank. This bank is located in India and also has Internet banking services.
Punjab national bank is a government or private?
State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.
Full name of idbi bank?
Industrial development bank of india
Idbi bank full name?
Industrial Development Bank of India
What bank was formerly known as Imperial Bank?
State Bank of India, earlier name was Imperial bank
