Complete List of Nationalized Banks in India

Nationalized bank can be defined as the banks fully controlled by the central government of the country, came into existence in 20th century, earned great reputation from large number of customers. Nationalized bank got edge over other banks and known for dominating nature. Taking about India, State Bank of India is a leading nationalized bank, having large number of branch in the country, known for providing great services to the customers, engaged to control some small bank as well. The main reason behind introducing the nationalized bank in the country was to develop the rural areas, often people deprived from banking facility. Such banks help to provide them a wonderful opportunity to set him on the path of growth by offering quality of services. There are 88 commercial and 28 public sector banks in India. Nationalized banks are quite popular among people as they are entitled to provide great quality and fast services, and very transparent in comparison to other banks. Such banks are also known for having huge number of ATMs and braches, sprawling every part of the country. Here’s the list of some nationalized banks in India:State Bank of India is the largest bank in the country, came into existence in 1955. Today it runs under the guidance of Mr. Om Prakash Bhatt, chairman of the bank.Allahabad Bank, it established in 1865 by European group, having headquarter in Kokata and 2165 branches in all around the world. Andhra Bank is another largest bank, founded by Bhogaraju Pattabhi Sitaramaya, a great freedom fighter. It is the organization of 13,224 employees, committed to carry out the operation. Bank of Baroda, established in 1908, it provides easy loan, credit card, and various other such facilities. Besides that it owns 1000 ATMs and branches throughout the country. Bank of India, It is known for offering some wonderful facilities such as rail tickets booking, credit card, loan on easy interest, and many more. Bank of Maharashtra, it opened in 1935, controlled by C A Pereira, chairman of bank, identified as bank for common people. Canara Bank, It’s headquarter is located in Bangalore and lead by A.C. Mahajan, works as a managing director as well as chairman.