List of Public Sector Banks in India - Headquarters & Taglines

By Sheetal Goyal|Updated : May 5th, 2020

Public Sector Banks (PSBs) are government owned banks in India, where majority stake (i.e. more than 50%) is held by Ministry of Finance. We have come up with the article to know about the Public Sector Banks in India at present with their headquarters, tagline and heads.

List of Public Sector Banks in India at Present: As of now there are only 12 public sector banks in India. In the year 2019, our finance minister Nirmala Sitharaman announced the merger of ten banks into four and this has come in effect from 1st April 2020. Now, there are 12 public sector banks, which are managed and controlled by Reserve Bank of India. 

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List of Public Sector Banks in India

The merger of banks came into effect from 1st April 2020 although the union cabinet gave the final approval on 4th March. The merger of the banks was announced last year in August. Now merged banks will be operated as the banks in which they have merged and their customer will be treated as the customer of the banks operating as the main unit. 

 

Now check the list of public sector banks in India with their headquarters, Heads and taglines.

Sl. No.Public Sector BankHeadquarterCEO/MDTag Line
1.Punjab National BankNew DelhiS. S. Mallikarjuna RaoThe Name you can Bank Upon
2.Indian BankChennaiPadmaja ChundruYour Tech-friendly bank
3.State Bank of IndiaMumbaiDinesh Kumar Khara (Chairman)With you all the way, Pure Banking Nothing Else, The Nation’s banks on us
4.Canara BankBangaloreM.Venkat PrabhakarTogether we can
5.Union Bank of IndiaMumbaiRajkiran Rai GGood people to bank with
6.Indian Overseas bankChennaiPartha Pratim
Sengupta (MD and CEO)
Good people to grow with
7.UCO BankKolkataAtul Kumar Goel (MD and CEO)Honours Your Trust
8.Bank of MaharashtraPune A.S. RajeevOne Family One Bank
9.Punjab and Sind BankRajendra Place, New Delhi S Krishnan (MD and CEO)Where Service Is A Way Of Life
10.Bank of IndiaMumbaiAtanu Kumar DasRelationships beyond Banking
11.Central Bank of IndiaMumbaiM. V. RaoCentral To you Since 1911, Build A Better Life Around Us
12.Bank of BarodaVadodara, GujaratSanjiv ChadhaIndia’s International Bank

Check the list of bank merged, with effect from 1.04.2020

1. As per the latest information, the Oriental bank of commerce and the united bank of India has been merged with Punjab national bank forming the second-largest state-run bank.

2. Syndicate Bank has merged with Canara bank forming the fourth largest bank of India.

3. Branches of Allahabad Bank will operate as Indian Bank, making it Seventh Largest Bank of India.

4. Andhra Bank and Corporation Bank have merged with Union Bank of India, making it the fifth-largest bank of India.

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