List of Nationalised Banks in India 2019 [UPDATED]

According to the IMF (International Monetary Fund), Nationalisation is a process by which the government takes over private assets and brings them under public ownership. Nationalisation of banks came into existence on July 19, 1969. That day 14 banks were nationalised by the government of India. Most of the nationalised banks in India are also known to ‘Public Sector Banks.’

There are currently 27 Public sector banks in India out of which 19 are Nationalised banks and six are SBI and its associate banks 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–

Sr. No. Nationalised Banks In India Headquarter Estb. Year
1. Allahabad Bank Kolkata 24 April 14
2. Andhra Bank Hyderabad 20 November 23
3. Bank of Baroda Vadodara 20 July -08
4. Bank of India Mumbai 07 September 06
5. Bank of Maharashtra Pune 1935
6. Canara Bank Bangalore 01 July 06
7. Central Bank of India Mumbai 21 December 11
8. Corporation Bank Mangalore 12 March 1906
9. Dena Bank Mumbai 1938
10. Indian Bank Chennai 15 August 07
11. Indian Overseas Bank Chennai 10 February 37
12. Oriental Bank of Commerce New Delhi 19 February 43
13. Punjab National Bank New Delhi 19 April 1894
14. Syndicate Bank Manipal 1925
15. Union Bank of India Mumbai 11 November 19
16. United Bank of India Kolkata 1950
17. Punjab & Sind Bank New Delhi 24 June 08
18. UCO Bank Kolkata 6 January 1943
19. Vijaya Bank Bangalore 1931

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