Which are the best PSU banks in India to look forward to?

1. Which are the best PSU banks in India to look forward to? Choosing the right bank should involve meticulous decision making, no matter what banking product you want. Especially, when it comes to ‘opening an account’. When you have an account with a bank, it means that all your transactions will be done through that bank. So, it will be a long-term relationship; the choice should be made wisely. In this cacophony, how can one choose the best bank suitable for them. The best and safest option we have are public sector banks in India. Public sector banks are rapidly changing in India in terms of their customer service and adaptability to technology. Lets’ check out some of the best PSU banks in India: ● State Bank of India: ​Of course, the best list of public sector banks in India will be incomplete without the inclusion of SBI (State Bank of India). It is India’s largest public sector bank in India in terms of assets and customer base. SBI comes under the list of world top 50s bank (a proud moment for India, indeed). With close to 24,000 branches all over India, serves around millions of customers with world class banking products equipped with the latest technology. Their banking standards are quite high and customer satisfaction is one of the main points on their mission. Once you’ve an SBI account, you ain’t going anywhere. ● Punjab National Bank: ​This is the third ​best PSU banks in India​ in terms of reach (number of branches) and assets owned. It is headquartered in Vadodara. Recently, the customer base and mergers has increased with the news of the merger with Oriental Bank of Commerce and United Bank of India. PNB has gone through a hell lot of revamping for improvement of their customer service in order to have more footfalls on their branches. The remote reach of the merged banks (Oriental and United) will help PNB to extend their impeccable service to a vast majority. ● Bank of Baroda: ​Bank of Baroda comes on the third number under the largest banks in India (including private sector and public). Yes, after SBI and HDFC Bank comes Bank of Baroda, which has around 13153 banks across India. More confidence came to Bank of Baroda’s way when the government of India announced the merger of Vijaya Bank and Dena Bank. This means the customers of the merged banks will have access to more convenience because now they are customers of the third largest lender in the country. Also, it’ll be easy for the government to manage it.

2. ● Canara Bank: ​Canara Bank ranks four in terms of best PSU banks in India. It has a total of over 8801 branches. With the news of Canara Bank merging with Syndicate Bank, the number of branches under the name of Canara Bank are going to increase. They have a lot of products under its shed from ​personal loan to affordable housing finance to ​credit cards​ and more. Canara Bank is one of the oldest public sector banks operating in India. It is a great bank in terms of servicing its customers. This I am speaking out of personal experience. Back in 2002, I used to pay my school fees via Canara bank . Within minutes, they used to process our fees with ease. Obviously, with technology and everything, now it has a whole sea to offer. Here was the list of some of the best PSU banks in India. Hope you found your match by reading this article.