The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.
Allahabad Bank is the oldest Public Sector Bank in India.
UCO Bank, formerly known as United Commercial Bank is one of the oldest and major public sector banks in India. It was established in 1943 in Kolkata, India. Currently they have more than 2000 branches in India, including overseas branches in Singapore and Hong Kong. They are one of the top 10 public sector banks in India.
Bank of India is a Nationalized Public Sector Bank in India with majority stake being held of Government of India
74%
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 IndiaAllahabad BankAndhra BankBank of BarodaBank of IndiaBank of MaharastraCanara BankCentral Bank of IndiaCorporation BankDena BankIDBI BankIndian BankIndian Overseas BankOriental Bank of CommercePunjab & Sind BankPunjab National BankSyndicate BankUCO BankUnion Bank of IndiaUnited Bank of IndiaVijaya BankList of State Bank of India and its subsidiary, a Public Sector BanksState Bank of IndiaState Bank of Bikaner & JaipurState Bank of HyderabadState Bank of IndoreState Bank of MysoreState Bank of SaurastraState Bank of Travancore
State Bank of India (SBI) was the only public sector bank in India. SBI was nationalised in 1955 under the SBI Act of 1955.
State Bank of India is the largest public sector bank in India
Allahabad Bank
ICICI
State Bank Of India
State Bank of India
SBI
UCO Bank, formerly known as United Commercial Bank is one of the oldest and major public sector banks in India. It was established in 1943 in Kolkata, India. Currently they have more than 2000 branches in India, including overseas branches in Singapore and Hong Kong. They are one of the top 10 public sector banks in India.
Allahabad Bank- bank deposits,international banking,education loans,housing loans. The public sector bank in india provides a lot of facilities. Allahabad Bank is therefore now the oldest joint stock bank in India.
bank of baroda
SBI
Bank of India is a Nationalized Public Sector Bank in India with majority stake being held of Government of India
A public sector bank in India is a bank that is fully or majorly owned by the government of India. The government in most cases owns 100% rights in the bank in some cases atleast 80% or more stake in the bank thereby making them a public sector or government owned bank.