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What is PSU banks?

Updated: 4/28/2022
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11y ago

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Public Sector Bank of India..... PSU stands for Public Sector Undertaking. ...It also means that the Government owns that entity.... A Government owned bank is one that is fully owned by the national government.Which were nationalised in 1969..SBI,PNB,UNION BANK OF IND.BoB ETC are some solid psu....

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11y ago
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12y ago

PSU stands for Public Sector Undertaking. It also means that the Government owns that entity. A Government owned bank is one that is fully owned by the national government. They are also called Nationalized Banks or Public Banks. For ex: State Bank of India, Indian Bank, Indian Overseas Bank are all famous nationalized/government owned banks in India.

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