- 1 Top 10 Nationalised Banks in India 2018
Hello, Friends!!! Searching for genuine information regarding Top Nationalised banks in India? or top 10 government banks in india Well, get here all information about top banks with their records about Total assets, Revenue, Founder, Area served, Capital Market Ratio, Owner and all other information regarding banks. The post has also included official website address after every bank’s information, you can read more about bank there.
Nationalisation of banks is the process of taking over the assets and the ownership of the bank from any private corporation under public ownership. And the bank’s assets are managed by Government. There are total 19 banks which are under nationalised by the govt. of India. RBI (Reserve Bank of India), it was the first bank which is nationalised by Indian govt. in 1949. Most banks in India were merged with Government of India back in on 19 July 1969. Total 13 number of banks were there which merged with India Govt.
Top 10 Nationalised Banks in India 2018
- Most of the banks in India were nationalised by the Government of India in 1969.
- You have to note here that the figures are Indian Rupees.
- The banks are listed in descending order, it will be pleasurable for you to read the article here.
10. CORPORATION BANK
Corporation Bank was primarily founded by Khan Abdullah Haji Abdullah Haji Kasim Saheb Bahadur in 1906. This bank was nationalised by the government of India 1960. Before that, the bank was the subsidiary of Canara Banking Corporation Ltd. The bank currently has about 10,378 Branch/ ATMs Outlets, total service outlets across the nation. Read more about the bank at Corporation bank Official Website.
Corporation bank balance check no also you can find to check your mini statement.
|Corporation Bank Facts & Figures|
|Established on||12 March 1906|
|Total assets||234,863.61 crore|
|Headquarters||Mangalore, Karnataka, India|
9. INDIAN BANK
The bank was founded by three men naming S. Rm. M. Ramaswami Chettiar, V. Krishnaswamy Iye and Annamalai Chettiar. Indian Bank was instituted on 15th August as a part of the Swadeshi movement. The bank has currently 2594 Branches in India whereas 227 Abroad Correspondent branches in 75 countries. The bank was nationalised by the government of India in 1969. Read more at Indian Bank Official Website.
|Indian Bank Facts & Figures|
|Established||15 August 1907|
|Total assets||203,941.09 crore|
8. INDIAN OVERSEAS BANK
1969; It was the year when the Government of India nationalised the Indian Overseas Bank. The bank was founded by M. Ct. M. Chidambaram Chettyar back in 1937. IOB has 3700 domestic branches, including 1150 branches in Tamil Nadu and has 3300 ATMs in all over India. You can get more information, facts and figures related to the bank here at Indian Overseas Bank Official Website.
|Indian Overseas Bank Facts & Figures|
|Established||10 February 1937|
|Headquarters||Chennai, Tamil Nadu, India|
|Total assets||274,436.76 crore|
7. SYNDICATE BANK
The bank was founded back in 1925 by Upendra Ananth Pai, T M A Pai, Vaman Kudva. The bank currently operating 3859 Branches including an overseas Branch in the UK, 12 Expansion counters, and 38 satellite offices. Syndicate bank was nationalised by the Government of India on 19 July 1969.You can have more information and records about the bank here at Syndicate Bank Official Website.
|Syndicate Bank Facts & Figures|
|Headquarters||Manipal, Karnataka, India|
|Total assets||299,073.34 crore|
6. BANK OF INDIA
This bank was merged with India Government bank in 1969 when other 13 banks were merged with Govt. of India. Bank of India currently operates more than 5120 banks in India while 26 branches outside the India. Bank of India is a founder member of Society for Worldwide Inter Bank Financial Telecommunication abbreviated as SWIFT.
The bank of India founded by 8 members named Sir Sassoon David, Mr Ratanjee Dadabhoy Tata, Mr Gordhandas Khattau, Sir Cowasjee Jehangir, Sir Lalubhai Samaldas, Mr Khetsey Khiasey, Mr Ramnarain Hurnundrai, Mr Jenarrayen Hindoomull Dani, Mr Noordin Ebrahim Noordin and Mr Shapurji Broacha in 1906. Read more about the bank at Indian Bank Official Website.
|Bank of India Facts & Figures|
|Established||7 September 1906|
|Total assets||609,913.93 crore|
5. UNION BANK OF INDIA
Currently, Union Bank of India operating approximately more than 4200 branches and about 7000 ATMs all around India. Union bank of India also has an overseas branch, Financial Centre and other offices Hong Kong, Dubai, Australia, Shanghai, Beijing, Abu Dhabi and in the United Kingdom. The bank was merged with Indian Government back in 1969 when other banks were merged with Government. Get more information about the bank here at Union Bank of India official website.
|Union Bank of India Facts & Figures|
|Established||11 November 1919|
|Total assets||404,695.90 crore|
4. CANARA BANK
In 1906 this bank was founded as Canara Bank Hindu Permanent Fund. The bank was founded by late Shri Ammembal Subba Rao Pai. Then the company was named as ‘Canara Bank Ltd.’ in 1910. Tha bank was nationalised in 1969 with other 13 banks. The bank has around 6089 bank branches and more than 10519 ATMs all across India. The bank also has overseas branches, financial centres and offices in Hong Kong, Moscow, Shanghai, South Africa, Dubai, London, Doha, Bahrain, Tanzania and New York. You can have more facts and information about Canara Bank at Canara Bank Official Website.
|Canara Bank Facts & Figures|
|Headquarters||Bangalore, Karnataka, India|
|Total assets||552,960.78 crore|
3. CENTRAL BANK OF INDIA
The bank was founded by Sir Sorabji Pochkhanawala back in 1911. Central Bank of India was nationalised in 1969 with 13 other banks. The bank currently operating approximately 4730 bank branches, 5350 ATMs, and 4 expansion stands all around 27 Indian. The bank also has foreign offices, financial centres and expansion in Nairobi, Hong Kong, Singapore, Dubai, Doha and London. You can get more data about the bank at Central Bank of India official Website.
|Central Bank of India Facts & Figures|
|Established||21 December 1911|
|Headquarters||Mumbai, Maharashtra, India|
|Total assets||305,466.09 crore|
2. PUNJAB NATIONAL BANK
Tha bank was founded by Great Indian freedom fighter Lala Lajpat Rai in 1894. The bank currently has over 82 million bank customers, 6,940 bank branches, more than 10680 ATMs all across the India. The bank has many financial overseas centres and offices at UK, Hong Kong, Oslo, Norway, Sydney, Kowloon, Dubai, Almaty, Shanghai and Kabul. You can read more about PNB at their Punjab National Bank Official Website.
|Punjab National Bank Facts & Figures|
|Established||19 May 1894|
|Headquarters||New Delhi, India.|
|Total assets||667,390.45 crore|
1. BANK OF BARODA
The bank of Baroda is India’s top nationalised bank by the government of India. The bank was founded back in 1908 by Maharaja Sayajirao Gaekwad III. Bank of Baroda was nationalised on 19 July 1969 with 13 other commercial banks. The bank of Baroda has currently 5538 branches in India and overseas, and more than 10440 ATMs. The bank is also in Forbe’s Top bank’s list. Bank of Baroda is India’s one of the top banks in all ratios.
The bank says their mission is; “To be a top ranking National Bank of International Standards committed to augmenting stake holders’ value through concern, care and competence.” You can have all information and other additional records about the bank at Bank of Baroda Official Website.
|Bank of Baroda Facts & Figures|
|Established||20 July 1908|
|Headquarters||Vadodara, Gujarat, India.|
|Total assets||694,875.42 crore|
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