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List of Top 5 India's Public Sector Banks

Here is provided the list of top five public sector in India, which provides a service like Retail Banking Services, Personal loans, Vehicle Loans, Life Insurance, Health insurance Mutual Funds, stock investment etc. This top 5 India's Public Sector Banks list includes The State bank of India, Bank of Baroda, Punjab National Bank, IDBI Bank and Bank of India. There are total 26 public sector banks in India, in which 19 are nationalized banks, 6 belong to SBI & associates group and 1 bank is classified as other public sector bank.


List of Top 5 Public Sector Banks

State bank of India: State bank of India is the largest banking and financial services company in India, by almost every parameter - revenues, profits, assets, market capitalization etc. SBI provides a range of banking products through its vast network in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16000 branches, has the largest branch network in India.

Bank of Baroda: Bank of Baroda is the third largest public sector bank in India. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, credit cards and asset management.

Punjab National Bank: Punjab national bank is the second largest government-owned commercial bank in India with about 5000 branches across 764 cities. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London.

IDBI Bank: IDBI (Industrial Development Bank of India Limited) is one of India's leading public sector banks and 4th largest Bank in overall ratings. It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.

Bank of India: BOI is the 5th largest public sector bank in all over the India with about 3140 branches including 27 branches outside India. It was established on 7th September 1906. BOI is a founder member of SWIFT in India.

Recently, all public sector and private sector bank of India provides online banking facilities to their customers to make banking service more convenient and easy.

Source : Letmeget

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