Banks In India List 2019 | Nationalised Banks in India | Banks list
Hello Readers, Today In This Post you will study List of Banks In India 2018, Which Will Include Public sector banks in India, Government undertaking banks in India, private sector banks in India. This Post Will Cover Name Of Nationalised Banks In India, Headquarters of Nationalised Banks In India, Taglines Of Nationalised Banks In India, Started Year Of Nationalised Bank In India.
EARLIER THERE WERE 20 NATIONALISED BANKS In India, 14 major banks being Nationalised in 1969 and subsequently, six more Banks were nationalised in 1980, taking the total Nationalised banks In India to 20.
We Have Not Included SBI and associate banks, as there are still a small percentage of private shareholders in SBI. That is why they are called Public Sector Banks.(There is no difference between the Nationalised Banks In India and Public Sector Banks In India, both have the same meaning)
Among 20 Nationalised banks In India two banks Punjab National Bank and New Bank of India were merged in 1993 reducing the total number of nationalised banks In India to 19. Subsequently, IDBI was deemed to be a nationalised bank by a government order. So there are now 20 Nationalised banks In India in 2018 including IDBI.
History of Banking In India
The Concept of Banking In India Was Born In Early 18th. The first bank that was established in the country was The General Bank of India founded in 1786 Which Was Totally a Government Undertaking bank, It was neither among the Public Sector Banks in India nor Private sector banks in India . After that came the State Bank of India in Kolkata in 1806 which was then known as The Bank of Bengal. Reserve Bank Of India is The Governing Body of Banking In India. All The Indian Banks and Their Operations Are controlled by Reserve Bank of India ( RBI). This governing body took over the reasonability of formally regulating the Indian banks in 1935. Separation Of Banking In India Is In two major parts. There are two types of banks in india.
Types Of Bank In India
Indian Banking Sector Consist Of Two Type Of Banks In India
Public Sector Banks (Nationalised Banks)
Private Sector Banks
Further, it is Classified into
Non Scheduled banks
How many Nationalised banks in India?
There are currently 27 Public sector banks in India out of which 19 are Nationalised banks and six are SBI and its associate banks ( all Merged With SBI) and rest two are IDBI Bank and Bharatiya Mahila Bank. There are total 93 commercial banks in India. Here Is The List Of Public and Private Sector Banks In India. So the Banks In India List 2019 Is Like This
Nationalised Banks – 19 State Bank Of India IDBI and Mahila Bank
Nationalised Banks In India List 2019
Nationalised banks are also known as Public sector banks in India, There are total 20 public sector banks or nationalised banks are functioning in economy, Due to Huge NPA ( Non Performing Assets) and losses government is planning to perform mergers among public sector banks in India