India has a total of 12 National Banks and these banks began their operations as the Private Sector Banks but were then taken by the Government through some form of law for the Country’s welfare. These are the sort of Public Sector Banks and it is the Government which owns the majority of the ownership. These are the Government Banks and have been the pillars of the Country’s Economy and help in the welfare of the Society. The banks are the ones where 51% of the stake is owned by the Government and we have mentioned the Complete List of National Banks In India 2025.
National Banks In India 2025
The National Banks In India have been those which have been owned by the Government and these are the ones which are under the Reserve Bank of India. It was the Reserve Bank of India which had become Nationalized in 1949 and it had 14 other banks which had become Nationalized. The major stake of these banks have been held by the Government and if any Government sector holds at least 51% of the stakes, it becomes the Public Sector Banks. The multitude of the banks have come with the major aim to address the economic needs and the needs of the citizens. These banks provide the guarantee of safeguarding the money and also provide the interests on the bank deposits.
The banks play a major role in providing financial support to the citizens along with other institutions and during the time of Nationalism, there were 14 banks which have been declared as the National Banks. At present, India has a total of 12 National Banks operating and they are also the state owned entities. These banks are under the management and the governance of the Government only.
For these banks, the Government is the primary stakeholder and you shall check the Complete List of the National Banks through this post below.
National Banks of India
- Bank of Baroda (BOB)
- Canara Bank
- Indian Overseas Bank (IOB)
- State Bank of India (SBI)
- Bank of India (BOI)
- Bank of Maharashtra
- Central Bank of India (CBI)
- Indian Bank
- Punjab & Sind Bank
- Punjab National Bank (PNB)
- UCO Bank
- Union Bank of India
Explanations On National Banks
- Bank of Baroda:
BOB Has their headquarters in Gujarat, and these are the second largest public sector banks and it has 153 million customers with 100 overseas offices. In 1969, it was Nationalized with various other Indian Banks. BOB has subsidiaries which are operating in financial sectors and also includes the Capital Markets and Nainital Bank and also the Life Insurance Company.
- Bank Of India:
This bank has headquarters in Mumbai and holds the distinction of being the founder of SWIFT and BOI has experienced a lot of growth. It has 60 branches and 5 subsidiaries and also 1 joint venture abroad.
- Bank of Maharashtra:
Having headquarters in Pune, this is the Indian Public Sector Bank and has 2022 branches and is the most extensive branch network in the state. Bank helps to maintain small business and also nurtures industrial enterprises.
- Canara Bank
It has headquarters in Bangalore and was founded in 1906 and has also extended their operations abroad in London, New York and Dubai. It has taken over Bank of Kerala and Seasia Midland Bank. It has the UPI application as an empowerment to facilitate the transactions.
- Central Bank of India
It is the first commercial bank whose ownership and management is done by the Indians. It also acquired Tata Industrial Bank in 1923 and has also played a major role in establishing the Bank in London. The bank also ventured in the Credit Card issuance and marked its day by the MEDHA scheme.
- Indian Bank:
It was established in 1907 and has its headquarters in Chennai. The bank has 5814 branches and alo have the Foreign Currency Banking Units. After its Nationalization, the bank has merged with the other regional banks and has also expanded internationally.
- Indian Overseas Bank:
Having headquarters in Chennai, it is the public sector bank having 3220 domestic branches and 4 foreign branches. It has a rich history of international expansion, mergers and other milestones. It also offers mobile banking services and launches applications like the m Passbook.
- Punjab & Sind Bank
This bank has their headquarters in New Delhi and is the public sector bank with 1553 branches and has 635 branches in Punjab and 25 zonal offices in India. Bank has seen growth since 2004 and had an oversubscribed IPO.
- Punjab National Bank
Headquarters are in New Delhi and is the 2nd largest PSB having 180 million customers. It also has its operations internationally and has leaders from various backgrounds. It also offers the Whatsapp banking services and helps to get non financial services.
- State Bank Of India
Having headquarters in Mumbai, the bank is ranked as the number 1 public sector bank and was the only Indian bank to be listed in 2020 fortune global. The bank has an international presence and also operates in 36 countries and gives various services to customers.
- UCO Bank:
It is the commercial bank and has a total business volume of Rs 3.24 lakh crore and has expanded overseas with branches in various Countries.
- Union Bank of India
The headquarters are in Mumbai and it has 120 million customers and is the largest PSU bank which has merged with Corporation Bank and Andhra Bank.
It is ranked at number 5.
FAQs On National Bank In India 2025
There have been 12 National Banks In India.
State Bank of India is the largest National Bank of India.
BOB has headquarters in Gujarat.