![]() Indian Overseas Bank has 6 foreign branches and a representative office. Managing Director & CEO: Matam Venkata Rao.Managing Director & CEO: Atanu Kumar DasĬentral Bank of India was one of eighteen public sector banks that get recapitalized in 2009.The government holds 90% of its share capital.īank of India is the founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications) and one of the top 5 banks in India. The bank was founded in 1906 by the name Canara Hindu Permanent Fund but later changed its name to Canara Bank Limited in 1910. It is the third-largest public sector bank in the country established in 1908.īank of Baroda will be merged with Vijaya Bank and Dena Bank to create the country’s third-largest lenderĬanara Bank is one of the oldest public sector banks in India. PNB Bank is merged with OBC Bank and United Bank. With the merger with its 5 associate banks, SBI has the largest branch network in India. The details on all the Nationalised banks are as follows, you must be aware of these minute details if you wish to apply for Banking Exams. How to Prepare Reasoning for IBPS PO 2022?.IBPS PO Preparation Tips: Check Subject wise Tricks and Strategy.IBPS PO Eligibility: Check Age Limit, Educational Qualifications, And Other Details Here.Indian Bank (With Merger of Allahabad Bank).Union Bank of India (With the Merger of Andhra Bank and Corporation Bank).Canara Bank (With Merger of Syndicate Bank).Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India). ![]() The list of nationalized banks is as follows : ![]() Join now: IBPS PO (PRE + MAIN) Complete Batch.Īs of July 2020 after the recent mergers of government banks, there are a total of 12 nationalized banks in India. Quicker Tricky Mathematics (हिंदी संस्करण)- Download Free E-Book Bank Special Online Classes: Join Detailed Batch By Safalta here!Ĭurrent Affairs Ebook Free PDF: डाउनलोड करे Also, f ind out what are different types of banks in India are. Here are some important facts related to the Nationalised Banks in India. To explore the complete list of nationalized banks in India, kindly refer to the provided article. Presently, India is home to a total of 12 public sector banks, which have undergone nationalization and are currently governed and managed by the government. In response to these needs, several banks underwent a process of nationalization.Ī nationalized bank refers to a bank in which the government possesses more than 50% of the shares. ![]() List of Nationalized Banks in India: Following the attainment of independence, our nation witnessed the emergence of multiple banks to address the economic requirements and aspirations of its citizens. ![]()
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