Public Sector Banks in India

Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity are as follows:

1. Allahabad Bank (60%)
2. Andhra Bank (61%)
3. Bank of Baroda (63.7%)
4. Bank of India (64.4%)
5. Bank of Maharashtra (81.61%)
6. Canara Bank (64.5%)
7. Central Bank of India (81.5%)
8. Corporation Bank (100%)
9. Dena Bank (80.7%)
10. IDBI Bank (76.5%)
11. Indian Bank (81.51%)
12. Indian Overseas Bank (89.90%)
13. Oriental Bank of Commerce (77.23%)
14. Punjab & Sind Bank (79.62%)
15. Punjab National Bank (60%)
16. State Bank of India (59%)
17. Syndicate Bank (66.17%)
18. UCO Bank (84.23%)
19. Union Bank of India (63.44%)
20. United Bank of India (85.91%)
21. Vijaya Bank (68.8%)
22. India Post Payments Bank (100%) [Payments Bank]

Apart from these, IDBI has been classified as “Other Public Sector Banks”. The UPA government had launched a Bhartiya Mahila Bank also, which in 2017 was merged in State Bank of India.