Public Sector Banks is the major player in the Indian Banking Sector with 92% of countries banking segment is under state control. In India, the public sector banks are divided into three categories – State Bank Group, Natioanlised Banks, Regional Rural Banks.
- State Bank Group - This group consist of State Bank of India and Five Sate Bank of India Associate banks. The RBI owns the majority of the shares of the SBI and some of it’s associates. State Bank of India is the first public sector bank in india. Imperial bank of india acquired by the government to form the State Bank of India in 1955. In 1959 the State Bank of India Subsidiary act was passed and by the virtue of this act seven princly states bank were made the subsidiary of State Bank of India. Now State Bank of India has only five subsidiary as two of it subsidiary bank merged with the parent concern.
- State Bank of India
- State Bank of Bikaner & Jaipur
- State Bank of Hyderabad
- State Bank of Mysore
- State Bank of Patiala
- State Bank of Travancore
- State Bank of Saurashtra (merged into SBI in 2008)
- State bank of Indore (merged into SBI in 2010)
- Nationalised Bank/Public-sector banks - In 1969 the government of India effected the nationalization of of 14 scheduled commercial banks in order to expand the branch network followed by six more bank in 1980. Total 20 commercial banks were nationalized in two bank nationalization process but in 1993 New Bank of India was merged with Punjab National Bank.
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Bhartiya Mahila Bank
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- Punjab National Bank
- Punjab & Sind Bank
- Syndicate Bank
- UCO Bank
- Union Bank of India
- United Bank of India
- Vijaya Bank
- Regional Rural Banks - In 1975, the state bank group and nationalized banks were required to sponsor and set up Regional Rural Banks in partnership with individual states to provide low cost financing and credit facilities to the rural masses. On the recommendation of the Banking Commission (1972), on October 2 1975 five Regional Rural Bank were established. Their main function is to provide financial help to small and marginal farmers and rural workers to help the rural economy to grow.
- Allahabad UP Gramin Bank
- Andhra Pradesh Grameena Vikas Bank
- Andhra Pragathi Grameena Bank
- Arunachal Pradesh Rural Bank
- Aryavart Gramin Bank
- Assam Gramin Vikash Bank
- Baitarani Gramya Bank
- Ballia –Etawah Gramin Bank
- Bangiya Gramin Vikash Bank
- Baroda Gujarat Gramin Bank
- Baroda Rajasthan Gramin Bank
- Baroda Uttar Pradesh Gramin Bank
- Bihar Kshetriya Gramin Bank
- Cauvery Kalpatharu Grameena Bank
- Chaitanya Godavari Grameena Bank
- Chhattisgarh Gramin Bank
- Chikmagalur-Kodagu Grameena Bank
- Deccan Grameena Bank
- Dena Gujarat Gramin Bank
- Durg-Rajnandgaon Gramin Bank
- Ellaquai Dehati Bank
- Gurgaon Gramin Bank
- Hadoti Kshetriya Gramin Bank
- Haryana Gramin Bank
- Himachal Gramin Bank
- Jaipur Thar Gramin Bank
- Jhabua Dhar Kshetriya Gramin Bank
- Jharkhand Gramin Bank
- Kalinga Gramya Bank
- Karnataka Vikas Grameena Bank
- Kashi Gomti Samyut Gramin Bank
- Kerala Gramin Bank
- Krishna Grameena Bank
- Kshetriya Kisan Gramin Bank
- Langpi Dehangi Rural Bank
- Madhumalti Building Gupte Marg
- Madhya Bharat Gramin Bank
- Madhya Bihar Gramin Bank
- Mahakaushal Kshetriya Gramin Bank
- Maharashtra Gramin Bank
- Malwa Gramin Bank
- Manipur Rural Bank
- Marwar Ganganagar Bikaner Gramin Bank
- Meghalaya Rural Bank
- Mewar Anchalik Gramin Bank
- Mizoram Rural Bank
- Nagaland Rural Bank
- Uttrakhand Gramin Bank[1]
- Narmada Malwa Gramin Bank
- Neelachal Gramya Bank
- Pallavan Grama Bank
- Pandyan Grama Bank
- Parvatiya Gramin Bank
- Paschim Banga Gramin Bank
- Pragathi Gramin Bank
- Prathama Bank
- Puduvai Bharathiar Grama Bank
- Pune District Central Cooperative Bank Ltd.
- Punjab Gramin Bank
- Purvanchal Gramin Bank
- Rajasthan Gramin Bank
- Rewa-Sidhi Gramin Bank
- Rushikulya Gramya Bank
- Samastipur Kshetriya Gramin Bank
- Saptagiri Grameena Bank
- Sarva UP Gramin Bank
- Satpura Narmada Kshetriya
- Saurashtra Gramin Bank
- Sharda Gramin Bank
- Shreyas Gramin Bank
- Surguja Kshetriya Gramin Bank
- Sutlej Kshetriya Gramin Bank
- Tripura Gramin Bank
- Utkal Gramya Bank
- Uttar Banga Kshetriya Gramin Bank
- Uttar Bihar Gramin Bank
- Vananchal Gramin Bank
- Vidharbha Kshetriya Gramin Bank
- Visveshvaraya Grameena Bank
- Wainganga Krishna Gramin Bank