National Bank List in India 2024 {Top Nationalized Banks List}

National Bank List in India 2024: Nationalized banks are financial institutions that were once privately owned but were acquired by the government due to financial or socio-economic needs. In technical terms, these banks have an ownership structure where the government holds a majority share, exceeding 50%. Understanding the list of nationalized banks holds significance for competitive exams and for individuals aspiring to work in government banks.

National Bank List in India

These banks constitute public sector assets under the ownership or management of the state or central government. The concept of nationalized banks emerged when privately owned banks were transferred to the public sector through nationalization acts. Following India's independence, the government undertook various measures to foster economic development, including the establishment of the Reserve Bank of India (RBI) in April 1935. Subsequently, in 1948, the government issued notices for the nationalization of banks, with the process being completed in 1949.

List of National Bank in India 2024

Below is the National Bank List in India.

Nationalized BanksHeadquarterTag Line
1. Punjab National Bank ( With the merger of Oriental Bank Of Commerce and United Bank Of India)New DelhiThe name you can Bank Upon
2. Indian Bank( With Merger of Allahabad Bank)ChennaiYour Tech-friendly bank
3. State Bank of IndiaMumbaiWith you all the way, Pure Banking Nothing Else, The Nation’s banks on us
4. Canara Bank( With Merger Of Syndicate Bank)BangaloreTogether we can
5. Union Bank of India( With Merger Of Andhra Bank and Corporation Bank)MumbaiGood people to bank with
6. Indian Overseas bankChennaiGood people to grow with
7. UCO BankKolkataHonors Your Trust
8. Bank of MaharashtraPuneOne Family One Bank
9. Punjab and Sind BankRajendra Place, New DelhiWhere Service Is A Way Of Life
10. Bank of IndiaMumbaiRelationships beyond Banking
11. Central Bank of India MumbaiCentral To you Since 1911, Build A Better Life Around Us
12. Bank of BarodaGujaratIndia’s International Bank

You can find the RBI Banks List at the following link:

Reasons for the Nationalization of Banks:

  • Social Welfare
  • Developing Banking Habits
  • Expansion of Banking Sector
  • Controlling Private Monopolies
  • Reducing Regional Imbalance
  • Prioritizing Sector Lending

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