Public Sector Banks in India

List of public sector banks in India along with their headquarters and tagline is an important Banking General Awareness topic for Bank PO, MBA and other government exams. You can expect atleast 1-2 questions from List of Public sector bank with their headquarters in any competitive exam. This is a must read topic for a Bank aspirant as every year at least 2 questions are asked from it in SBI PO, IBPS PO and other banking exams. The following list is the latest list of public sector banks in India 2017 along with their headquarters and tagline. Before you mug up the list let us first understand few important points about Public sector banks.

1. What is a Public sector bank in India?

Ans. Public sector banks are those where majority of the stake (i.e. more than 50%) in the bank is held by government.

2. How many public sector banks are there in India?

Ans. As of June 2017, there are 21 Public sector banks in India including IDBI.

3. What are the top 3 public sector banks in India?

Ans. State Bank of India is the largest public sector bank in India followed by Bank of Baroda and Punjab National Bank.

Important News related to Public sector banks in India

  • Merger of SBI – Five associates of SBI and the Bharatiya Mahila Bank merged with SBI with effect from April 1. With this merger SBI joined the league of top 50 banks globally in terms of assets. The merged entity has a deposit base of more than Rs 26 lakh crore and advances level of ₹18.50 lakh crore.
  • Govt appoints heads of 7 public sector banks – In a major restructuring in the Public Sector Undertaking banking space, the government appointed heads of various public sector banks (Vijaya Bank, Bank of India and others) besides carrying out rejigs at Punjab National Bank and Bank of India.
  • Current RBI Monetary Policy Rates (Announced on 7th June 2017) –
Repo Rate6.25%
Reverse Repo Rate6.00%
Bank Rate6.50%
Marginal Standing Facility Rate6.50%
Cash Reserve Ratio4.00%
Statutory Liquidity Ratio20.00%

Following is a list of public sector banks in India along with their Taglines:

S.NoBank NameHeadquartersTagline
1.Allahabad BankKolkataA tradition of trust
2.Andhra BankHyderabadWhere India Banks
3.Bank of BarodaVadodaraIndia’s International Bank
4.Bank of IndiaMumbaiRelationships beyond Banking
5.Bank of MaharashtraPuneOne Family One Bank
6.Bhartiya Mahila Bank (Merged with SBI)DelhiEmpowering Women, Empowering India
7.Canara BankBangaloreTogether we can
8.Central Bank of IndiaMumbaiCentral To you Since 1911, Build A Better Life Around Us
9.Corporation BankMangaloreA Premier Public Sector Bank, Prosperity for all
10.Dena BankMumbaiTrusted Family Bank
11.Indian BankChennaiYour Tech-friendly bank
12.Indian Overseas BankChennaiGood people to grow with
13.IDBI BankMumbaiBanking For All, Bank Aisa Dost Jaisa
14.Oriental Bank of CommerceGurugramWhere every individual is committed
15.Punjab National BankNew DelhiThe Name you can Bank Upon
16.Punjab & Sind BankNew DelhiWhere Service Is A Way Of Life
17.State Bank of IndiaMumbaiWith you all the way, Pure Banking Nothing Else, The Nation’s banks on us
18.Syndicate BankManipalFaithful. Friendly
19.UCO BankKolkataHonors Your Trust
20.Union Bank of IndiaMumbaiGood people to bank with
21.United Bank of IndiaKolkataThe Bank that begins with “U”
22.Vijaya BankBangaloreA Friend You Can Bank On