List of Public Sector Banks in India 2023.

Governments in India own and operate public sector banks, which are financial institutions. These financial institutions serve the requirements of individuals, companies, and a variety of sectors, playing a significant role in the Indian economy. Public sector banks offer fundamental banking services such as deposit accounts, loans, credit facilities, and other financial products through a large network of branches around the nation.

By assisting industries like agriculture, small and medium-sized businesses (SMEs), and infrastructure development, public sector banks also contribute significantly to economic growth. Public sector banks continue to form the foundation of India’s banking system because of their dedication to supporting the country and encouraging financial stability.

There are 12 Public sector banks in India. they are regulated by RBI. The government has implemented many schemes to boost the economy by many liberal guidelines for the customer.

1. Bank of Baroda

• Headquarter: Vadodara 
• Founded: 1908
• Industry: Public sector bank
• Listed in Exchange: NSE(BANKBARODA), BSE(532134)
• Symbol: BANK BARODA
• website: www.bankofbaroda.in
• Market capitalization: 1,05,36,650.44 Lakhs

Bank of Baroda company profile:

Bank of Baroda is formally known as BOB. One of India’s biggest and most reputable public sector banks, Bank of Baroda has a distinguished history spanning more than a century. BOB has made a name for itself as a trustworthy financial organization by offering comprehensive banking services and a customer-centric philosophy.

The bank provides a wide range of products and services, including personal and corporate banking, loans, investment opportunities, and digital banking solutions. The bank has a significant national presence and an expanding global network.

Through creative initiatives and customized financial solutions, the Bank of Baroda is dedicated to promoting financial inclusion and empowering people and businesses.

Millions of clients in India and all around the world continue to choose Bank of Baroda as their preferred banking partner because of its customer-centric philosophy, state-of-the-art technology, and an unrelenting dedication to quality.

• ATM: the extensive network of 1,637 Cash recyclers and 9,764 ATMs
• Branch: 8200 branches including international branches
• International Branches: BOB has 93 overseas branches/offices in 17 different countries
• Net Profit: 14905.2 Crores

Key Financial Indicators for BOB

• Interest Income: 6.52%
• Net Interest Margin (NIM): 3.31%
• Cost Income Ratio: 47.72%
• Return on Net Worth: 18.34%
• Return on Assets: 0.97%
• Cost of Deposits: 3.89%
• Capital Adequacy Ratio: 16.24%
• Earnings per share: 27.28
• Book Value per share: 148.80
• Return on Equity: 18.34

2. Bank of India

• Headquarter: Mumbai
• Founded; 1906
• Industry: Public sector bank
• Brand: BOI
• Listed in Exchange: NSE(BANKINDIA), BSE(532149)
• Website: www.bankofindia.co.in
• Market Capitalization: 32,84,904.64 Lakhs

Bank of India company profile:

Bank of India formally known as BOI, is a pioneering public sector bank that stands out for its unrelenting dedication to social impact and sustainable development. The bank actively embraces its role as a catalyst for societal improvement outside of its core banking activities.

Bank of India goes above and above by actively participating in social projects and community development programs in addition to offering regular banking services. The bank has helped countless people escape poverty and pursue their aspirations through creative programs like microfinance projects, entrepreneurship training, and skill development programs. BOI has changed lives by fusing financial services with social responsibility, aiding in the development of a more robust and just country.

BOI has 21 overseas branches, a representative office in Jakarta, Indonesia, four subsidiaries, and a joint venture, all of which are dispersed throughout 15 nations and five continents in all time zones. Foreign activities have contributed 15.75% of the Bank’s total global business mix.

• BOI no of Branches in India: 5129
• International branches: 21
• Net Profit: 4,023 cr

Key Parameters for BOI

• Net Interest Margin: 3.01%
• Capital Adequacy Ratio: 16.28%
• Return on Assets (ROA): 0.49%
• Earnings per share: 9.80
• Book Value per share: 100.20
• Return on Equity (%): 10.31
• Cost of Deposits: 3.67%
• Net Interest Margin: 3.01%

3. Bank of Maharashtra

• Headquarter: Mumbai
• Founded: 1840
• Industry: Public Sector Bank
• Symbol: MAHABANK
• Listed in Exchange: NSE(MAHABANK), BSE(532525)
• website: bankofmaharashtra.in
• Market capitalization: 22,66,039.56 Lakhs

Bank of Maharashtra profile:

A well-known public sector bank in India that has been helping consumers is the Bank of Maharashtra. One of the nation’s top financial organizations is Maharashtra Bank, which has risen throughout the years. It provides a wide range of banking and financial services to meet the needs of private citizens, commercial enterprises, and large corporations.

Its services are easily accessible thanks to the Bank of Maharashtra’s extensive network of branches, ATMs, and online platforms. The bank is dedicated to offering dependable and cutting-edge banking products, such as current and savings accounts, loans, credit cards, investment alternatives, and wealth management

It places a high priority on client satisfaction and works hard to uphold integrity, transparency, and trust in all aspects of its business. Bank of Maharashtra continues to support the expansion and improvement of the Indian banking industry through its extensive offers and customer-focused philosophy.

• No of network: 2203 branches
• No of ATMS: 2330
• Net profit: 2602 Cr

The ratio for the Bank of Maharastra

• Capital Adequacy Ratio: 18.14%
• Earning Per Share: 3.87
• Book Value Per Share: 18.97
• Return on Assets: 1.10%
• Cost to Income Ratio: 39.14
• Net NPA ratio: 0.25
• Return on equity: 20.38%
• Net Interest Margin: 3.56%

4. Canara Bank

• Headquarter: Bengaluru
• Founded: 1906
• Industry: Public sector bank
• Brand: Canara Bank
• Listed in Exchange: NSE(CANBK), BSE(532483)
• website: canarabank.com
• Market capitalization:

Canara Bank Profile:

The top public sector banks in India are Canara Bank. With a sizable customer base and a wide range of financial services available, Canara Bank is widely recognized throughout the nation. Retail and corporate banking, treasury operations, and investment banking are just a few of the industries the bank serves.

Canara Bank is renowned for its commitment to the customer, provision of cutting-edge banking solutions, and promotion of financial inclusion. With a sizable network of ATMs and branches, it has embraced digital change and offers simple online and mobile banking services. Canara Bank is dedicated to fostering economic development and progress and actively supports industries like housing, MSMEs, and agriculture.

The bank has developed a solid reputation over time for having good governance, reliable risk management procedures, and a dedication to social responsibility, making it a reputable organization in the Indian banking industry.

• No of Network branches: 9,706 branch
• No of ATMs: 12,130 ATMs
• Net profits: 10, 604 cr

The ratio for Canara bank

• Capital Adequacy Ratio: 16.68
• Net NPA Ratio: 1.73
• Return on Average Assets: 0.81
• Return on Equity: 19.49
• Net Interest Margin: 2.95
• Cost to Income Ratio: 44.79
• Yield on Advances: 7.70

5. Central Bank of India

• Headquarter: Mumbai
• Founded: 1911
• Industry: Public sector banks
• Brand: Central Bank of India
• Listed in Exchange: NSE(CENTRALBK), BSE(532885)
• website: www.centralbankofindia.co.in
• Market capitalization: 26,73,729.35 Lakhs

Central Bank of India company profile:

One of India’s oldest and biggest public sector banks is the Central Bank of India. and the first commercial banks in India.

The Central Bank of India, a major player in the Indian banking sector, provides a broad range of financial services to a variety of clientele, including retail, business, and agricultural banking. The bank is renowned for its client-centered strategy, emphasizing the provision of cutting-edge banking solutions and assuring client pleasure. With accessible online and mobile banking systems, it utilizes technology and digitization to improve its services.

The Central Bank of India actively supports a number of industries, including infrastructure development, small and medium-sized enterprises (SMEs), and agriculture, in order to promote economic growth in the country.

The bank has developed a number of efforts to target the unbanked population in outlying areas and places a lot of emphasis on financial inclusion. The Central Bank of India is regarded as a trustworthy and dependable organization in the Indian banking industry due to its strong dedication to corporate governance, risk management procedures, and social responsibility.

• No of network branches: 4,493 branches
• No of ATM services: 3,752 ATM
• Net profit: 1,582 crore

The ratio for the Central Bank of India

• Capital Adequacy Ratio: 14.12%
• Return on Assets: 0.44%
• Cost To Income Ratio: 56.35
• Net Interest margin: 3.64
• Cost to Income Ratio: 56.35
• EPS: 1.82

6. Indian Bank

• Headquarter: Chennai
• Founded: 1907
• Industry: Public sector banks
• Brand: Indian bank
• Listed in Exchange: NSE(INDIANB), BSE(532814)
• website: www.indianbank.in
• Market capitalization: 38,62,735.69 Lakhs

Indian Bank company profile:

A leading public sector bank in India is called Indian Bank. Indian Bank, one of the nation’s oldest banks, has established a strong reputation for its financial knowledge and customer-focused philosophy. The bank, which has a sizable presence throughout India, provides a wide range of banking and financial services to a variety of clients, including retail, corporate, and MSME clients.

Indian Bank is a leader in the adoption of cutting-edge technology, offering practical digital banking options and cutting-edge products to meet the changing needs of its customers. The bank has undertaken a number of efforts to provide banking services to underserved segments of society as part of its commitment to financial inclusion.

Indian Bank has been essential in supporting the growth of numerous industries, including agriculture, manufacturing, and infrastructure, which has helped the economy of the country. Indian Bank is still regarded as a trustworthy and dependable organization in the Indian banking industry because of its significant emphasis on corporate governance, risk management, and social responsibility.

• No of network branches: 5787 Branch
• No of ATM services: 3160 ATM
• Net Profit: 5282 Crore

the ratio for Indian Bank

• Cost of Deposits (%): 4.09
• Yield on Advances (%): 7.76
• Net Interest Margin (%): 3.37
• Return on Assets (%): 0.77
• Net NPA (%): 0.90
• Capital Adequacy Ratio: 16.49
• Earnings Per Share: 42.41
• Net Interest Income: 20.91

7. Indian Overseas Bank

• Headquarter: Chennai
• Founded: 1937
• Industry: Public Sector Banks
• Brand: IOB
• Listed in exchange: NSE(IOB), BSE(532388)
• website: www.iob.in
• Market capitalization: 50,09,139.25 lakhs

Indian Overseas Bank profile:

Indian Overseas Bank (IOB), is a well-known public sector bank in India. IOB, which has its main office in Chennai, Tamil Nadu, has built a solid reputation as a reliable financial organization over time.

The IOB bank serves a wide range of banking services for its customers through a nationwide network of branches and ATMs. Retail and corporate banking, corporate and international banking, treasury operations, and investment banking are just a few of the many banking and financial services provided by IOB. IOB, which prides itself on being customer-centric, concentrates on offering its clients individualized services and cutting-edge solutions.

The bank has embraced technology and provides practical online and mobile banking systems for simple transactions. IOB has played a significant role in advancing financial inclusion by connecting with unbanked and underprivileged groups in society.

It contributes significantly to the economic growth of the country by actively supporting a number of industries, including agriculture, MSMEs, and export-oriented businesses. IOB upholds strict guidelines for corporate governance, risk management, and social responsibility, winning the respect and confidence of its stakeholders and clients.

• No of Network Branch: 3,220 Branch
• No of ATM services: 3477 Atm
• Net profit: 2,099 Cr

The ratio for IOB:

• Capital Adequacy Ratio: 16.10%
• Net NPA: 1.83%
• Net Interest Margin: 2.93%
• Return on Assets: 0.76%
• Cost of Deposits: 4.27%
• Net Interest Income: 30.82%

8. Punjab & Sind Bank

• Headquarters: New Delhi
• Founded: 1908
• Industry: Public sector banks
• Brand: Punjab & Sind Bank
• Listed in Exchange: NSE(PSB),BSE(533295)
• website:
• market capitalization:

Punjab & Sind Bank profile:

A famous public sector bank in India, Punjab and Sind Bank with its headquarters in New Delhi, it is well-represented in Punjab and the country’s northern area in general. The diversified demands of its customers are met by a broad range of banking products and services provided by Punjab and Sind Bank.

The bank offers total solutions for business banking, retail banking, agricultural banking, and treasury management. With a reputation for putting the needs of its customers first, Punjab and Sind Bank works to provide its customers with specialized and effective services. The bank has embraced technology development and now provides online and mobile banking platforms for simple and secure transactions.

It actively promotes industries like agriculture, MSMEs, and small-scale businesses, which helps the region’s economy grow and thrive. In order to reach the impoverished segments of society, Punjab and Sind Bank have launched a number of initiatives as part of its commitment to fostering financial inclusion.

Punjab and Sind Bank maintains its reputation as a reliable organization by placing a big emphasis on corporate governance, risk management, and social responsibility. This helps it carry on its tradition of helping the community and providing for the financial needs of its clients.

• No of network branches: 1537
• No of ATM Services: 835
• Net profit: 131,303 lakhs

The ratio for Punjab and Sind Bank:

• Return on Assets: 0.98%
• Net NPA Ratio: 1.84%
• Capital Adequacy Ratio: 17.10%
• Net Interest Margin: 2.91%
• Earning per share: 1.94%
• Cost of Deposits: 4.53%
• Cost to Income Ratio: 62.95
• Book Value per share: 10.01

9. Punjab National Bank

• Headquarters: New Delhi
• Founded: 1894
• Industry: PUBLIC SECTOR BANKS
• Brand: Punjab National Bank
• Listed in Exchange: NSE(PNB), BSE(532461)
• website: www.pnbindia.in
• Market capitalization: 66,67,169.92 Lakhs

Punjab National Bank company profile:

One of India’s top public sector banks is Punjab National Bank (PNB). PNB, which has its main office in New Delhi, has a sizable network of branches and ATMs all over the nation.

The bank provides its clients with a wide array of banking and financial services, including retail, business, and agricultural banking. PNB is renowned for its client-focused philosophy and works to deliver cutting-edge solutions and easy banking experiences.

In order to meet the changing needs of its customers, the bank has embraced digitalization and now provides easy-to-use online and mobile banking services. PNB actively supports a variety of industries, including infrastructure development, MSMEs, and agriculture, which helps the country’s economy expand.

The bank has launched a number of initiatives to target disadvantaged groups in society and places a high priority on financial inclusion. PNB is a reputable and trustworthy institution in the Indian banking industry because it keeps a strong focus on corporate governance, risk management, and social responsibility.

• No of network branches: 10076 Branch
• No of ATM services: 12898 ATM
• Net profit: 2507 Cr

The ratio for Punjab National Bank:

• Leverage Ratio: 4.75%
• Cost of Deposits: 4.10%
• Net Interest Margin: 3.06%
• Return on Assets: 0.18%
• Return on equity: 3.94%
• Net NPA: 2.74%
• Capital Adequacy Ratio: 15.50%
• Cost to Income Ratio: 51.69%

10. State Bank of India

• Founded: 1959
• Headquarter: Mumbai
• Industry: PUBLIC SECTOR BANK
• Brand: State Bank of India
• Listed in Exchange: NSE(SBIN), BSE (500112)
• Website: www.sbi.co.in
• Market Capitalization: 5,29,72,034.13 Lakhs

State Bank of India Profile:

The largest public sector bank in India and a major player in the world of banking is the State Bank of India (SBI). SBI offers a wide range of customers full banking and financial services through its broad network of branches and ATMs. Retail banking, business banking, wealth management, and international banking are just a few of the many goods and services the bank provides.

SBI aspires to provide efficient and cutting-edge banking solutions and is renowned for its customer-centric philosophy. It has embraced technology and offers dependable mobile and Internet banking solutions for smooth transactions.

SBI aggressively supports crucial industries like agriculture, SMEs, and infrastructure development, which greatly boosts the economy of the country. The bank, which is dedicated to financial inclusion, has put into place a number of initiatives to offer banking services to unbanked and underprivileged groups in society.

They have diversified their business into various subsidiaries to fulfill the need of customer satisfaction they are SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc., and also have 62,617 ATMs kept functional to cater to customers’ needs smoothly.

For more information about SBI use the link: Why SBI Will Change Your Life.

• No of Branch Network: 22,405 Branch
• No of ATM Service: 65,627 ATM
• Net Profit: 50,232

The ratio for SBI:

• Return on Assets: 0.96%
• Return on equity: 19.43%
• Earnings Per Share: 56.29
• Capital Adequacy Ratio: 14.68%
• Net NPA ratio: 0.67%
• Cost of Deposits: 3.99%
• Net Interest Margin: 3.37%

11. UCO Bank

• Headquarter: Kolkata
• Founded: 1943
• Industry: Public sector banks
• Brand: UCO BANK
• Listed in Exchange: NSE(UCOBANK), BSE(532505)
• Website: www.ucobank.com
• Market capitalization: 33,95,492.12 Lakhs

UCO Bank profile:

A famous public sector bank in India, UCO Bank was founded in 1943. Throughout the nation, UCO Bank has a sizable network of branches and ATMs. The bank caters to the various needs of its customers by providing a wide range of financial products and services. With a focus on providing cutting-edge solutions and individualized services, UCO Bank specializes in retail banking, corporate banking, and international banking.

With accessible online and mobile banking platforms for smooth transactions, the bank has embraced technology and digitalization. Sectors like agriculture, MSMEs, and exports are actively supported by UCO Bank, which helps the country’s economy grow.

The bank has launched programs to target unbanked communities in rural and remote locations as part of its commitment to financial inclusion. UCO Bank maintains its reputation as a reliable organization by placing a high priority on corporate governance, risk management, and social responsibility while providing its clients with high-quality services.

• No of branch network: 3205 branch
• international branch: 2
• No of ATM services: 201 Atm
• Net profit: 1862 Crore

The ratio for UCO Bank:

• Net Interest Income: 36.43
• Cost of Deposits: 4.06%
• The yield on Advances: 7.46%
• Net Interest Margin: 2.87%
• Capital Adequacy ratio: 16.51
• Net NPA Ratio: 1.29%
• Return on Assets: 0.62%
• Book Value per Share: 12.34
• Earning per Share: 1.56

12. Union Bank of India

• Headquarter: Mumbai
• Founded: 1919
• Industry: Public sector banks
• Brand: UNION BANK
• Listed in Exchange: NSE(UNIONBANK), BSE(532477)
• Website: www.unionbankofindia.co.in
• Market capitalization: 55,36,145.45 Lakhs

Union Bank of India profile:

An important public sector bank in India was established in 1919 and is called the Union Bank of India. In the entire nation, the Union Bank of India has a vast network of branches and ATMs. In order to meet the various demands of its clients, the bank provides a wide range of financial goods and services.

With a focus on providing cutting-edge solutions and individualized services, Union Bank of India specializes in retail banking, corporate banking, treasury operations, and international banking. With accessible online and mobile banking platforms for smooth transactions, the bank has embraced technology and digitalization.

In order to help the country’s economy expand, the Union Bank of India actively promotes industries like agriculture, MSMEs, and infrastructure construction. The bank, which is dedicated to financial inclusion, has put in place a number of projects to offer banking services to underserved communities in rural and distant locations.

Union Bank of India maintains its reputation as a reliable organization by placing a high priority on corporate governance, risk management, and social responsibility while providing its clients with devoted and effective service.

• No of branch network: 8,580 branches
• No of ATM services: 10,835 ATMs,
• Net profit: 8,433 Cr

The ratio for Union Bank of India:

• Cost to Income Ratio: 46.27%
• Net NPA Ratio: 1.70%
• NIM: 3.07%
• Earning per share: 12.34
• Book value per Share: 93.07
• Return on Assets: 0.69%
• Return on Equity: 13.26%

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