Public Sector Undertaking (PSU) Banks

by khalid on 16/03/2011 · 2 comments

Public Sector Undertaking (PSU) are the companies which are owned by public or in other words owned by Government of India. Either the State Government or the Union Government or both should own a majority (51% or more) of the equity shares in such companies. There are 20 PSU Banks (Nationalized Banks) and 7 subsideries banks of one of the major PSU bank SBI.

These PSU Banks was nationalized by former prime minister Mrs. Indira Gandhi in the year 1969. These banks were mostly owned by large businessmen at that time.

The State Bank of India was nationalized in 1955 and is the largest bank of India. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India.

Following is the list of these PSU Banks :-

1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce (OBC)
13. Punjab and Sind Bank
14. Punjab National Bank (PNB)
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India (UBI)
19. Vijaya Bank
20. State Bank of India (SBI)
21. State Bank of Bikaner and Jaipur (SBBJ)
22. State Bank of Hyderabad (SBH)
23. State Bank of Indore (SBIR)
24. State Bank of Mysore (SBM)
25. State Bank of Patiala (SBP)
26. State Bank of Saurashtra (SBS)
27. State Bank of Travancore (SBT)

Related Posts Plugin for WordPress, Blogger...

Previous post:

Next post: