List Of Nationalised Banks In India

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List of nationalised banks in india. The chairman andhra bank andhra bank building sultan bazar pbno161 hyderabad 500 001. Government banks in india. The chairman allahabad bank head office 2 netaji subhas road kolkata 700 001. State bank of hyderabad sbh state bank of indore state bank of saurashtra sbs state bank of mysore sbm state bank of bikaner and.

A wide range of products such as fixed deposits savings current accounts loans credit cards makes this bank one of the best banks in the country. During the financial. Local area banks in india are the following. Now there are total 20 nationalised banks in india.

They are governed by the provisions of reserve bank of india act 1934 banking regulation act 1949 and other relevant statutes. When you open an account with a nationalised bank your money helps drive the countrys industry and economy. Nationalised or public sector undertaking psu banks in india are an integral and important part of our national economy. Since they are non scheduled banks they cannot borrow funds from reserve bank of india like other scheduled commercial banks.

There are 100 indian banks and 40 foreign banks in india as of april 2020 in 731 indian districts as of now. In india the banks which. They are to be registered as public limited companies under the indian companies act 1956. Here are some top nationalised banks where you may consider opening an account.

There were currently 27 public sector banks in india 2018 out of which 19 are nationalised banks and six are sbi and its associate banks all merged with sbi and rest two are idbi bank and bharatiya mahila bank. There are total 93 commercial banks in india. Find the list of nationalized banks in india 2018 as per rbi list. Nationalised banks in india.

Banks are divided into categories like public sector banks private sector banks payments banks foreign banks regional rural banks cooperative banks etc. Get the background history objectives and more other details of psu banks. Head offices of nationalised banks. List of top 10 nationalised banks in india.

Later on july 19 1960 the 7 subsidiaries of sbi viz. State bank of india central office chairmans secretariat pbno12 nariman point mumbai 400 021. Other than psb there are total 93 commercial banks in india. Check the full list of government banks in india 2018 and their head office details background history objectives and much more from oneindia.