PUBLIC SECTOR BANKS OF INDIA
PUBLIC SECTOR BANKS OF INDIA – NATIONALISED BANKS OF INDIA
The Banking scenario in India has considerably changed if the last decade is considered. The width and depth of financial system in India has improved. The new technology has also added to the improvement and has made banking transactions just a click away. Nationalised or Public Sector Banks earlier being quite reluctant to the acceptance of this change have now succeeded by making a rapid makeover and concentrating more on a customer centric policy. Nationalised Banks are of higher quality because they are clean, strong and transperant. These banks offer various quality services to the customer and also offer different insurance policies.
Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, which started in 1790, both are now defunct. The oldest bank in existence in India is the State Bank of India, which is also the largest bank in the country. Nationalised or public sector banks have always dominated other banks in the country. The main mtive behind nationalising banks in India was to make it reach very acute rural areas and be able to provide quality services.
Here is a list of the public sector banks of India :
- State Bank Group
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- 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
