Public Sector Banks List 2020

"Government Shareholding Percentage in Indian Public Sector Banks as of 1st April 2022: An Overview"

Public sector banks (PSBs) in India refer to a collection of banks that are owned and operated by the government, with the primary objective of offering banking and various financial services to the populace of India. The banks in question are under the ownership and operation of the Government of India, with their principal aim being the advancement and stimulation of the nation's economy. As of March 2022, the number of Public Sector Banks (PSBs) in India amounted at 21.

Bank of Baroda (63.74%)
Bank of India (87.054%)
Bank of Maharashtra (87.01%)
Canara Bank (72.55%)
Central Bank of India (88.02%)
Indian Bank (81.73%)
Indian Overseas Bank (91%)
Punjab and Sind Bank (79.62%)
Punjab National Bank (70.22%)
State Bank of India (61.00%)
UCO Bank (93.29%)
Union Bank of India (67.43%)

Select bank (IFSC CODE)

The Indian Financial System Code (IFSC) is an alphanumeric code consisting of 11 characters. It serves the purpose of identifying specific bank branches inside India for electronic money transfer transactions. The regulatory authority responsible for overseeing IFSC codes in India is the Reserve Bank of India (RBI). These codes are utilised by payment systems such as NEFT, RTGS, and IMPS to facilitate interbank money transfers.The Indian Financial System Code (IFSC) is an alphanumeric code consisting of 11 characters. It serves the purpose of identifying specific bank branches inside India for electronic money transfer transactions. The regulatory authority responsible for overseeing the IFSC codes in India is the Reserve Bank of India (RBI). These codes are utilised by the NEFT, RTGS, and IMPS payment systems for the purpose of facilitating interbank money transfers.

Disclaimer: -Efforts have been made to ensure the accuracy and currency of the information supplied, sourced from the Reserve Bank of India (RBI). Users are advised to independently verify the information with their respective banks before to utilising it. The author asserts the prerogative to disclaim responsibility for the timeliness, accuracy, comprehensiveness, or quality of the information presented. Any liability claims pertaining to damage resulting from the utilisation of any information provided, regardless of its completeness or accuracy, will be consequently denied.

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