Nationalized Banks in India

• State Bank of India

• Punjab National Bank

• Bank of Baroda

• Canara Bank

• Union Bank of India

• Bank of India

• Indian Bank

• UCO Bank

• Punjab & Sind Bank

• Indian Overseas Bank

• Bank of Maharashtra

• Central Bank of India

State Bank of India

SBI was found in 1955. SBI has the largest Branch Network in India. It has 5 associates Bank.

• Headquarter: Mumbai, India.
• Chairperson: Dinesh Kumar Khara.
• Tagline: A Bank of Common Man.

Punjab National Bank

PNB was found in 1894. PNB merged with OBC Bank and United Bank.

• Headquarter: New Delhi, India.
• Chairperson: Atul Kumar Goel.
• Tagline: The Name You can Bank Upon.

Bank of Baroda

Bank of Baroda was established in 1908. It is 3 largest Public Sector Bank in the Country.

• Headquarter: Vadodara, Gujarat.
• CEO: Sanjeev Chadha .
• Tagline: India’s International Bank.

Canara Bank

Canara Bank was founded in 1906 by the name Canara Hindu Permanent Fund .It is one of the Oldest Public Sector Bank in India .

• Headquarter: Bangalore, Karnataka.
• CEO: Lingam Venkat Prabhakar.
• Tagline: Together We Can.

Union Bank of India

Union Bank of India was established in 1919. It holds 90% of its Share Capital.

• Headquarter: Mumbai,India.
• CEO: Manimekhali.
• Tagline: Good People to Bank With.

Bank of India

Bank of India is the member of Society For Worldwide Interbank Financial Telecommunication(SWIFT) . It is one of the top 5 Bank in India .

• Headquarter: Mumbai, India.
• CEO: Atannu Kumar Das.
• Tagline: Relationship Beyond Banking.

Indian Bank

Indian Bank was found in 1907. Merge with Allahabad Bank.

• Headquarter: Chennai, India.
• CEO: Shri Shanti Lal Jain.
• Tagline: Your Own Bank.

UCO Bank

UCO Bank was found in 1943.

• Headquarter: Kolkata, West Bengal.
• CEO: Shri Soma Shankara Prasad.
• Tagline: Honours Your Trust.

Punjab& Sind Bank

Punjab & Sind Bank was found in 1908. It is emerging like Technosavvy Public Sector Bank of India.

• Headquarter: New Delhi, India.
• CEO: S Krishnan.
• Tagline: Where Service is a Way of Life.

Indian Overseas Bank

Indian Overseas Bank was found in 1937. It has 6 Foreign Branches.

• Headquarter: Chennai, India.
• CEO: Partha Pratim Sengupta.
• Tagline: GoodPeople to Grow With.

Bank of Maharashtra

Bank of Maharashtra was found in 1935. Government of India has 87.74 sharesof this Bank.

• Headquarter: Pune, India.
• CEO: A.s. Rajeev.
• Tagline: One Family One Bank.

Central Bank of India

Central Bank of India was found in 1911. It is recapitalziled in 2009.

• Headquarter: Mumbai, India.
• CEO: Matam Venkata Rao.
• Tagline: Build a Better Life AroundUs.

Why Banks Were Nationalized.

Banks were Nationalization to eliminate the concentration of Economic Power of Few Hand. It Diverse the follow of Bank towards the Priority Sector consisting the Agriculture and Allied, Small Scale Industries and Small Businesses. The Agriculture Sector which is the Most Contributor to Economy also needed Financial Guidance in order to Pace up. The need to Nationalized Banks was felt due many reasons and they were huge help to the Big Business and Massive Industries functioning in Country institutions like NABARD, XIDBI, EXIM, etc. Were set up with a view to fulfill the requirements of Foreign trade, Housing and agricultural need of the country.

The Objective of Nationalizationto Foster a New class of Entrepreneur, so as to create, Sustained and Accelerate Economic Growth   to Professional Bank Management.

• Problems of Nationalized Banks in India.

• Competition from Non-Banking Financial Institutions.
• Gap between Promise and Performance.
• Bureaucratization.
• Advance to Priority Sector.
• Large over-due.