2

List of Top 15 Nationalized Banks in India

In India, there are many banks operating in private as well as public sector. However, in this article we look at some of top nationalized banks in India.

Although there are dozens of nationalized banks in India but here we will take about the top 15 nationalized banks in India. So you may miss some of the banks listed here.

Top 15 Nationalized Banks in India

We have taken number of factors into account to prepare the list of these 15 nationalized banks.

So check here some of the important details about the top 15 Nationalized Banks in India-

Nationalized Banks in India

1. State Bank of India

  • Establishing Year: SBI founded on 1 July 1956 was actually Bank of Kolkata. Arundhati Bhattacharya is the chairman.
  • Banking Services: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management
  • Total Assets: $395 Billion, $25 Billion in Equity and over $40 Billion in Revenue and completely owned by Government of India
  • Headquarters & Employees: Headquartered in Mumbai with over 300,000 employees
  • Website: www.sbi.co.in

2. Punjab National Bank

  • Establishing Year: Bank was founded by Lala Lajpat Rai in 1895 and completely owned by government of India
  • Banking Services: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
  • Total Assets: $90 Billion total assets, Revenue is over $9 Billion and Net income is $1 Billion
  • Headquarters & Employees: Headquartered in New Delhi with 65,000 employees 6000 branches in 750+ cities with 80 million customers
  • Website: www.pnbindia.in/En/ui/Home.aspx

3. Bank of Baroda

  • Establishing Year: Bank of Baroda was established in 20 July 1908 by Maharaja Sayajirao Gaekwad and is a public company
  • Banking Services: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
  • Total Assets: $74 Billion, revenue is over $6 Billion and net income is $900 million
  • Headquarters & Employees: Headquartered in Vadodara with over 4000 branches and 2000 ATMs
  • Website: www.bankofbaroda.com

4. IDBI Bank

  • Establishing Year: Established in July 1964 by an Act of Parliament is 10th largest bank in the world
  • Banking Services: consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan
  • Total Assets: $52 billion, revenue is $4.5 billion and net income is $300 million
  • Headquarters & Employees: Company is based in Mumbai with over 15,000 employees and 2000 ATMs.
  • Website: www.idbi.com

5. Syndicate Bank

  • Establishing Year: Founded in 1925 as Canara industrial and Banking syndicate by Upendra Pai
  • Banking Services: Finance, insurance in health & life, Consumer Banking, Corporate Banking, Investment Banking, Investment Management, Private Equity, Mortgages, Credit Cards
  • Total Assets: $56 Billion and $350 Million of net income
  • Headquarters & Employees: Headquartered in Manipal, Karnataka, bank has over 26,000 employees
  • Website: www.syndicatebank.in

6. Bank of India

  • Establishing Year: Bank of India was established on 7 September 1906 and it is a state owned commercial bank
  • Banking Services: Core Banking services are Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards
  • Total Assets: Total revenue is over $4 billion, operating income of $900 million and net income of around $400 million
  • Headquarters & Employees: Bank is based in Mumbai with over 4500 branches and over 1000 ATMs all over India
  • Website: www.bankofindia.com

7. Canara Bank

  • Establishing Year: Canara Bank was established in year 1969 and a completely state owned bank
  • Banking Services: Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages, Credit Cards
  • Total Assets: $60 Billion, Revenue is over $6 billion and $550 million worth of net income
  • Headquarters & Employees: Bank is headquartered in Bangalore, India with over 45,000 employees and over 4500 branches, 5500 ATMs
  • Website: Canarabank.in

8. Union Bank of India

  • Establishing Year: UBI was registered on 11 Nov 1919 as a limited company and was inaugurated by Mahatma Gandhi.
  • Banking Services: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan
  • Total Assets: Total revenue is $3 billion and net income is over $400 million
  • Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees 4000+ ATMs and listed on Forbes 2000 list.
  • Website: www.unionbankofindia.co.in

9. Corporation Bank

  • Establishing Year: Founded 107 years ago on 12 March 1906 in Udupi, Karnataka and is a public sector bank
  • Banking Services: Core Banking services are Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards
  • Total Assets: Total deposits of the bank is Rs 1,66 ,000 Crore, net profit is Rs 1500 Crore and operating profit is 3000 Crore
  • Headquarters & Employees: Headquartered in Mangalore, Karnataka, with over 7000 units, 1500 ATMs, 3500 branches and 6000 employees
  • Website: www.corpbank.com

10. Allahabad Bank

  • Establishing Year: Founded in 1865 in Allahabad, UP is a nationalized bank in India
  • Banking Services: Core services are Finance and insurance, Consumer banking, Corporate banking
  • Total Assets: Revenue is over $3 billion, operating income of $540 million, net income of $200 million and total equity of $80 million
  • Headquarters & Employees: Bank is based in Kolkata with over 2500 branches and over 23,000 employees
  • Website: allahabadbank.in

11. Bank of Maharashtra

  • Establishing Year: Founded in 1935 the bank has largest network of branches in Maharashtra. It is a public sector bank.
  • Banking Services: Loans, Credit Cards, Savings, Investment vehicles, and insurance, investment banking, mortgage loans, private banking etc.
  • Total Assets: Total assets of Rs 500 Million, and the revenue is over $1 Billion
  • Headquarters & Employees: Based in Pune, and reaches out to 15 Million customers with 2000 branches in 29 states.
  • Website: www.bankofmaharashtra.in

12. Indian Overseas Bank

  • Establishing Year: Founded on Feb 10, 1937, the Indian Overseas Bank is public sector and ISO certified bank
  • Banking Services: Loans, Credit Cards, Savings, Investment vehicles, Banking services are Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards
  • Total Assets: Total Assets is $150 Billion, revenue is $57 billion and net income is $3.2 Billion
  • Headquarters & Employees: Bank is headquartered in Chennai with 2000+ ATMs and more than 3000 branches
  • Website: www.iob.in

13. Oriental Bank of Commerce

  • Establishing Year: Bank was founded by Late Rai Bahadur Lala Sohan Lal in the year 1943 and it is a public sector bank
  • Banking Services: Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages, Credit Cards
  • Total Assets: Rs 9000 Crores, Revenue is Rs 11,500 Crores and Net income is Rs 1200 Crores
  • Headquarters & Employees: Gurgaon, Haryana, India with over 15000 employees
  • Website: www.obcindia.co.in

14. Central Bank of India

  • Establishing Year: Established on 21 December, 1911 and one of oldest commercial bank owned by the government.
  • Banking Services: Core Banking services are Loans, Credit Cards, Savings, Investment vehicles, and insurance, investment banking, mortgage loans, private banking etc.
  • Total Assets: Revenue is over $3 Billion and surplus of Rs 70,000 million
  • Headquarters & Employees: Headquartered in Mumbai with over 4000 branches in 27 Indian states and 270 extension counters
  • Website: www.centralbankofindia.co.in

15. Dena Bank

  • Establishing Year: Dena bank was founded in 1938 by the family of Devkaran Nanjee and it is a nationalized bank
  • Banking Services: Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages, Credit Cards
  • Total Assets: Total revenue is $1 billion plus and net income is around $100 million
  • Headquarters & Employees: Bank is based in Mumbai, with over 1400 branches and 100+ ATMs
  • Website: www.denabank.com

So this is the list of top 15 banks, there are many more such banks. You could visit their websites and find out more about them.

Sharing is Caring!
Pritam Nagrale
 

Click Here to Leave a Comment Below 2 comments