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Top 10 Government Banks 2024

Government banks, also known as public sector banks (PSBs). Here is the list of the top 10 government banks in 2024. Compare services, and interest rates, & discover the best fit for your needs.

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Top 10 Government Banks 2024

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  1. Top 10 Government Banks 2024 @Investkraft

  2. 1 STATE BANK OF INDIA SBI is a government-owned bank headquartered in Mumbai. It has a rich history of over 200 years. It is considered the most trusted bank in India. UCO BANK2 UCO Bank is a commercial bank owned by the Government of India. It was established by Shri Ghanshyam Das Birla in 1943. The bank's headquarters is located in Kolkata.

  3. 3 PUNJAB NATIONAL BANK Punjab National Bank (PNB) was established in Lahore on April 12, 1895. It was India's pioneer Swadeshi Bank. PNB began with an authorized capital of 2 lakh and a working capital of 20,000. BANK OF BARODA4 BOB was founded on July 20, 1908. It is a government-owned bank headquartered in Vadodara, Gujarat, India. BOB recently merged with Vijaya Bank and Dena Bank as part of the 'Alternative Mechanism' scheme, effective from April 1, 2019.

  4. 5 INDIAN OVERSEAS BANK The Indian Overseas Bank was founded on February 10, 1937. Shri. M.Ct.M. Chidambaram Chettyar is the founder of the Indian Overseas Bank. He also served as the Director of the Indian Bank after his father's death in 1929. BANK OF INDIA6 Bank of India was established on September 7th, 1906, by prominent Mumbai businesspeople. It became part of the nationalized banking system in July 1969. Starting with one office, Rs.50 lakh capital, and 50 employees, it has grown significantly.

  5. 7 INDIAN BANK Indian Bank was established on March 5th, 1907, in Chennai. It was nationalized in 1969, keeping only two foreign branches in Singapore and Colombo. In 2020, Indian Bank merged with Allahabad Bank, becoming the 7th largest public sector bank in India BANK OF MAHARASHTRA8 Bank of Maharashtra (BoM), headquartered in Pune, Maharashtra, was established in 1935 by V.G. It commenced operations in 1936 and was known for supporting small businesses and industrial houses. BoM was nationalized in 1969 along with 13 other banks by the Government of India.

  6. 9 CENTRAL BANK OF INDIA The Central Bank of India, founded in 1911, is one of India's largest and oldest nationalized commercial banks. Headquartered in Mumbai, it is owned by the Ministry of Finance. Despite its name, the Reserve Bank of India (RBI) is India’s central bank. UNION BANK OF INDIA10 Post-nationalization in 1969, UBI expanded to 240 branches from just 4 in 1947. Union Bank of India was established in 1911 in Mumbai under Seth Sitaram Poddar's leadership. Mahatma Gandhi inaugurated the bank's Mumbai head office building in 1921.

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