Information on Nationalised Banks

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Nationalised banks dominate the banking system in India. The history of nationalised banks in India dates back to mid-20th century, when Imperial Bank of India was nationalised (under the SBI Act of 1955) and re-christened as State Bank of India (SBI) in July 1955. Then on 19th July 1960, its seven subsidiaries were also nationalised with deposits over 200 crores.
Must Read: How Banks Work?

Important Information on Nationalised Banks

  • The oldest Joint Stock Bank of India – Allahabad Bank
  • The bank founded by Freedom Fighter Dr. Bhogaraju Pattabhi Sitaramayya – Andhra Bank
  • First bank to open a branch outside India – Bank of India, London,1946
  • The first bank to be given an ISO 9002 certificate for one of its branches – Canara Bank
  • The Postal Dept has issued a commemorative stamp in the name of this bank
  • Celebrating 100 years in 2011 – Central Bank of India
  • First Indian Bank to be wholly owned by Indians – Central Bank of India
  • The bank formed on the efforts of Lala Lajpat Rai – Punjab National Bank
  • The only merger of nationalised banks took place between – Punjab National Bank and New Bank of India in 1993
  • The bank whose brand equity is “Pygmy Deposit Scheme” – Syndicate Bank
  • The bank which was conceived by Shri GD Birla – UCO Bank
  • The bank which was inaugurated by Mahatma Gandhi in 1919 – Union Bank of India
  • The largest among nationalised banks – Punjab National Bank
  • The bank established in the year 1913 as Bank of Mysore Ltd. at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr Sir M.Visvesvaraya. – State Bank of Mysore
  • The State with the largest number of commercial bank offices – Uttar Pradesh (13167 as on 31.03.2013)

Also Read: Difference between State Bank of India and Nationalised Bank

List of Nationalised Banks in India and their Head Offices

  1. Allahabad Bank – Kolkata
  2. Andhra Bank – Hyderabad
  3. Bank of Baroda – Baroda
  4. Bank of India – Mumbai
  5. Bank of Maharashtra – Pune
  6. Canara Bank – Bengaluru
  7. Central Bank of India – Mumbai
  8. Corporation Bank – Mangalore
  9. Dena Bank – Mumbai
  10. Indian Bank – Chennai
  11. Indian Overseas Bank – Chennai
  12. Oriental Bank of Commerce – New Delhi
  13. Punjab & Sind Bank – New Delhi
  14. Punjab National Bank – New Delhi
  15. Syndicate Bank – Manipal
  16. UCO Bank – Kolkata
  17. Union Bank of India – Mumbai
  18. United Bank of India – Kolkata
  19. Vijaya Bank – Bangalore
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