Nationalized banks in India: Recently, one of our readers asked me an interesting question: What is the difference between nationalized banks and public sector banks? I paused myself for a few minutes and tried to provide a proper answer so that I could answer it in some sentences about nationalized banks list in India and Public sector bank list in India.
Do you know what are the Nationalised bank in India and What is the name of these Nationalized banks in India (Nationalised bank List) – Nationalized banks list in India
Today, I am sharing knowledge about Nationalised Bank in India and I am also sharing the difference between the Nationalised bank and Public sector bank. There is only one central bank which is known as Reserve Bank of India and its headquarter in Mumbai. All Nationalised bank (सरकारी बैंक) regulated under RBI (Reserve bank of India) So, it is called bankers of the bank.
Table of Contents
राष्ट्रीयकृत बैंक के बारे मे जानिये
Nationalized Bank कौन कौन से है
राष्ट्रीयकृत बैंक(nationalized banks in india) के नाम क्या क्या है
nationalized banks in india
Here, I am sharing important knowledge about the Nationalized banks in India:
- What is the history of Nationalized banks in India?
- What are the Nationalised bank (Nationalized bank) – राष्ट्रीयकृत बैंक कौन कौन से है
- Nationalized banks list (Nationalize banks list in India) – राष्ट्रीयकृत बैंक के नाम क्या क्या है
- When the banks are nationalized in India – राष्ट्रीयकृत बैंक का राष्ट्रीयकरण कब हुआ?
- How many nationalized banks in India 2018 – 2018 में भारत में कितने राष्ट्रीयकृत बैंक?
- When did the nationalization of the bank in India happen? – भारत में बैंक का राष्ट्रीयकरण कब-कब हुआ?
- What is the difference between Nationalized Banks and Public Sector Bank? – राष्ट्रीयकृत बैंक(Nationalised bank) और प्राइवेट बैंक(Private bank) में अन्तर क्या क्या है?
- Is SBI a nationalized bank?
- Is IDBI a nationalize Bank?
Introduction to Nationalized Banks in India:
- What is the history of Nationalized banks in India?
Nationalized Bank History: In the year 1955, the nationalization of Indian banks came into history when the Imperial Bank of India was nationalized as the State Bank of India (According to SBI Act, 1955). Later, on July 19, 1960, seven SBI Associate banks were also nationalized with deposits 200 crores.
- भारत में राष्ट्रीयकृत बैंकों का इतिहास क्या है?
वर्ष 1955 में, भारतीय बैंकों का राष्ट्रीयकरण इतिहास में आया जब इंपीरियल बैंक ऑफ इंडिया को स्टेट बैंक ऑफ इंडिया (एसबीआई अधिनियम, 1 9 55 के अनुसार) के रूप में राष्ट्रीयकृत किया गया था। बाद में, 19 जुलाई, 1960 को सात एसबीआई एसोसिएट बैंकों को भी 200 करोड़ रुपये के जमा के साथ राष्ट्रीयकृत किया गया।
History of the nationalized bank in India: Nationalized banks history in India
|Year of Nationalize||Important Description|
|1949||The Reserve Bank of India was nationalized (RBI was the state-owned at the time of Indian Independence).|
|1953||Air India was nationalized under the Air Corporation Act, 1953|
|1955||Imperial Bank of India was controlled by the Reserve Bank of India.|
|1969||14 Indian private banks were nationalized|
|1972||106 insurance companies were nationalized into four insurance companies|
|1973||The coal industry and oil companies were nationalized|
|1980||6 and Indian private banks were nationalized|
|2013||Bhartiya Mahila Bank was nationalized|
What is Nationalize Banks?
Nationalize Bank definition or Nationalized bank meaning: If the Central government buys the majority stake of the private bank and takes its managerial control, then it is known as the nationalized bank, and this process is known as nationalization.
राष्ट्रीयकृत बैंक क्या है?
राष्ट्रीयकृत बैंक किसे कहते है? : अब अगर सरकार निजी बैंक की बहुमत हिस्सेदारी खरीदती है और अपना प्रबंधकीय नियंत्रण लेती है, तो इसे राष्ट्रीयकृत बैंक के रूप में जाना जाएगा, और प्रक्रिया को राष्ट्रीयकरण के रूप में जाना जाएगा।
List of Nationalized banks in India:
Here, Let’s know about the nationalized banks list in India. There are following banks are nationalized in India.
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- Indian Bank
- Indian Overseas Bank
- New Bank of India
- Oriental Bank of Commerce
- Punjab & Sind Bank
- Punjab National Bank
- Syndicate Bank
- UCO Bank
- Union Bank of India
- United Bank of India
- Vijaya Bank
What is the difference between Nationalized Bank and Public Sector Bank?
A Nationalization is an act of obtaining industry or property in public ownership of a Central government. Nationalization means the Private property is being transferred to the public sector so that the state can be operated or owned. So we can say that there is no any difference between the nationalized bank and public sector bank. The opposite of privatization nationalization is nationalization. The Banks which were earlier in the private sector were transferred to the Public Sector by the act of nationalization.
The First nationalized bank was Imperial Bank of India (under the SBI Act of 1955) and re-christened as State Bank of India (SBI) in July 1955. In 1969, 14 banks were nationalized and in 1980, the second phase of nationalization of Indian banks took place, in which 6 more banks were nationalized.
राष्ट्रीयकृत बैंक और सार्वजनिक क्षेत्र बैंक के बीच क्या अंतर है?
राष्ट्रीयकरण केंद्र सरकार के सार्वजनिक स्वामित्व में उद्योग या संपत्ति प्राप्त करने का एक अधिनियम है। राष्ट्रीयकरण का मतलब है कि निजी संपत्ति को सार्वजनिक क्षेत्र में स्थानांतरित किया जा रहा है ताकि राज्य संचालित या स्वामित्व किया जा सके। इसलिए हम कह सकते हैं कि राष्ट्रीयकृत बैंक और सार्वजनिक क्षेत्र के बैंक के बीच कोई अंतर नहीं है। निजीकरण राष्ट्रीयकरण के विपरीत राष्ट्रीयकरण है। जिन बैंकों को पहले निजी क्षेत्र में पहले राष्ट्रीयकरण के कार्य से सार्वजनिक क्षेत्र में स्थानांतरित कर दिया गया था। पहला राष्ट्रीयकृत बैंक इंपीरियल बैंक ऑफ इंडिया (1955 के एसबीआई अधिनियम के तहत) और जुलाई 1 9 55 में स्टेट बैंक ऑफ इंडिया (एसबीआई) के रूप में नामित किया गया था। 1969 में, 14 बैंकों को राष्ट्रीयकृत किया गया था और 1 9 80 में, राष्ट्रीयकरण के दूसरे चरण भारतीय बैंक हुए, जिसमें 6 और बैंक राष्ट्रीयकृत थे।
Nationalized Bank list in India:
Here, I am going to share the information about the Name of the nationalized bank in India, Logo of the nationalized bank in India, Year of the nationalized bank in India and Head Offices of the nationalized bank in India. Here, I also try to bifurcate the nationalized banks in India in 1969 and nationalized banks in India in 1980. If you want to know about government bank list or Sarkari bank list then you can go to my other post through given link.
|S.No.||Nationalized Banks Name in India||Logo of the Nationalized banks in India||Year of Nationalized banks in India||Head Offices of Nationalized Banks in India|
|1||Bharatiya Mahila Bank Ltd||2013||Bharatiya Mahila Bank Ltd., IFCI Towers, 9th Floor, 61, Nehru Place, New Delhi – 110019|
|2||Allahabad Bank||1969||Allahabad Bank, Head Office, 2, Netaji Subhas Road, Calcutta-700 001S|
|3||Bank of Baroda||1969||Bank of Baroda, Baroda Corporate Centre, C-26, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051|
|4||Bank of India||1969||Bank of India, Head Office Express Towers, Nariman Point, Mumbai-400 021|
|5||Bank of Maharashtra||1969||Bank of Maharashtra, Lok Mangal 1501, Shivaji Nagar, Post Box No.919, Pune-411 005|
|6||Canara Bank||1969||Canara Bank, 112, Jayachamarajendra Road Post Box No.6648 ,Bangalore-560 002|
|7||Central Bank of India||1969||Central Bank of India, Central Office Chander Mukhi, Nariman Point , Mumbai-400 021|
|8||Dena Bank||1969||Dena Corporate ,Centre C-10 G Block Bandra Kurla Complex Bandra East, Mumbai 400 051|
|9||Indian Bank||1969||Indian Bank Building P.B.No.1384, 31, Rajaji Road, Chennai-600 001|
|10||Indian Overseas Bank||1969||Indian Overseas Bank, Central Office 762, Anna Salai, P.B.No.3765 ,Chennai-600 002|
|11||Punjab & Sind Bank||1969||Punjab & Sind Bank, Bank House 4th floor , 21, Rajendra Place, New Delhi-110 008|
|12||Punjab National Bank||1969||unjab National Bank, 7, Bhikaji Cama Place, Africa Avenue, New Delhi-110 066|
|13||Syndicate Bank||1969||Syndicate Bank, Post Box No.1, Manipal-576 119, Karnataka|
|14||UCO Bank||1969||UCO Bank, Head Office 10, Biplabi Trailokya Maharaj , Sarani ,Calcutta-700 001|
|15||United Bank of India||1969||United Bank of India, 16, Old Court House Street, Calcutta-700 001|
|16||Vijaya Bank||1980||Vijaya Bank, Administrative Office Janardhan Towers No.2, Residency Road, Bangalore-560 025|
|17||Andhra Bank||1980||Andhra Bank, Andhra Bank Building Sultan Bazar, P.B.No.161, Hyderabad-500 001.|
|18||Corporation Bank||1980||Corporation Bank, Bharath Building G.H.S. Road, Post Box No.88, Mangalore-575 001|
|19||Oriental Bank of Commerce||1980||Oriental Bank of Commerce, E-Block, Connaught Place, P.B.No.329,New Delhi-110 001|
|20||New Bank of India||Punjab National Bank acquired New Bank of India in 1993||1980||New Bank of India(P & S Bank), Bank House 4th floor, 21, Rajendra Place, New Delhi-110 008|
|21||Union Bank of India||1980||Union Bank of India, Union Bank Building Central Office, 239, Backbay Reclamation Post Box No.93A, Nariman Point, Mumbai-400 021|
Bharatiya Mahila Bank Ltd:
Bharatiya Mahila Bank was founded on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi. It is one of the nationalized banks in India.
This bank was started in 1865 by a group of European people. It has its headquarters in Kolkata. This is an old Giant Stock Bank of India which has seen the atmosphere of unrest. There are 3245 branches in the country. It is one of the nationalized banks in India.
Bank of Baroda:
Bank of Baroda was founded on 20 July 1908. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III. It is one of the nationalized banks in India.
Bank of India:
Bank of India was founded in 1906. It is a commercial bank with headquarters at Bandra Kurla Complex, Mumbai and it is one of the top 5 nationalized banks in India. In 1906 some traders laid the foundation of Bank of India. By January 2017 there were 5100 branches of the bank in the corner of the country. Its headquarters are in Mumbai. It is one of the nationalized banks in India
Bank of Maharashtra:
Bank of Maharashtra has the largest branch in Maharashtra. The bank started in Pune in 1935. It is one of the nationalized banks in India.
The Canara Hindu Permanent Fund (Canara Hindu Permanent Fund) was established in 1906 by Ammembal Subba Rao Pai in Mangalore. At the time of Incorporation, it was named Canara Bank in 1910. It is an old public sector bank of the country. By making a big bank of government ownership, the government nationalized it in 1969. Its headquarters is in Bangalore, Karnataka. It is one of the nationalized banks in India.
Central Bank of India:
Central Bank of India was established in 1911 by Sorabjee Pochkhanawala. The bank has a mechanism of 4715 branches and 5319 ATMs spread across India till Oct 2018, which is the first Indian commercial bank to be fully owned and operated by Indians. It is one of the nationalized banks in India.
Dena Bank was established in 1938 by the Devanjan Nunzi family, Dena Bank has changed the name of the company was changed in 1939 as its public company at the time of the conference. It is one of the nationalized banks in India.
The Indian Bank came into being in the year 1907. Currently, it is providing services to customers in the form of Nationalized Bank of India. The bank has successfully completed the information system and security process with ISO 27001: 2013.
Indian Overseas Bank:
Indian Overseas Bank has a network of more than 3,400 home branches spread all over India. The bank was established by Thiru M. Chidambaram Chetti in the year 1937 for the purpose of foreign exchange business and overseas banking transactions in the country. It is one of the nationalized banks in India.
Punjab & Sind Bank:
Punjab and Sindh Bank was established in the year 1466, its headquarters is located in New Delhi, India. The bank has 1466 branches in India. It is one of the nationalized banks in India
Punjab National Bank:
Punjab National Bank is known as PNB and it was a state-owned organization which was established in the year 1894. One feature of the bank is that it operates with the Indian capital. Punjab National Bank was nationalized by the Government of India during July 1969. Punjab National Bank is headquartered in New Delhi.
Syndicate Bank started its services from the year 1925 in Udupi, located in the southern Kannada district of Karnataka state. The bank had started its business with an initial capital of only Rs. 8000, the bank’s headquarters is located at the university town of Manipal in Karnataka. , The bank is spreading regional offices across India with the aim of improving its administration and business.
UCO Bank was established in 1943 by Ghanshyam Das Birla. The bank had more than 4000 service units and 49 regional offices throughout India till March 2018, its headquarters is located in the BTM array of Kolkata.
United Bank of India:
United Bank of India is headquartered in Kolkata. This bank came into existence in the year 1950 due to the amalgamation of four Bengali banks (Comilla Banking Corporation, Bengal Central Bank, Comilla Union Bank, Hooghly Bank). During March 2017. It is one of the nationalized banks in India.
Vijaya Bank was established in Mangalore in Karnataka in 1931, the bank was founded on Vijaya Dashmi, hence its name was Vijaya Bank. By March 2017, the bank had a network of 2031 branches. It is one of the nationalized banks in India.
Andhra Bank was founded on 20 November 1923. It is a medium-sized public sector bank which was nationalized in April 1980. It is one of the nationalized banks in India.
Corporation Bank’s headquarters is located in Mangalore, India. The Bank has 2440 fully automated Core Banking Solutions (CBS) branches spread across India. This bank is one of the public banks in the country. It is one of the nationalized banks in India.
Oriental Bank of Commerce:
Oriental Bank of Commerce was established in 1943 before independence in Lahore. The bank was founded by Roy Bahadur Lala Sohan Lala. It is established the bank as the seventh largest public bank in the country. It is one of the nationalized banks in India.
New Bank of India:
Punjab National Bank acquired New Bank of India in 1993
Union Bank of India:
The foundation of Union Bank of India was founded in 1919 before independence and Mahatma Gandhi inaugurated this bank. The government of India had nationalized this bank in 1969 with the aim of improving the economic condition of the country. It is one of the nationalized banks in India.
Is SBI (State Bank of India) a nationalized bank?
Is SBI a nationalized bank in India: State Bank of India, SBI is the famous bank of the country, SBI came into being when the Bank of Madras was merged with the Bank of Calcutta and Bank of Calcutta in January 1921 for the establishment of the Imperial Bank of India. The Government of India was 60% asset in the Imperial Bank of India then on 1 July 1955 it was named State Bank of India. State Bank of India is the largest public sector bank in India. State Bank of India is not included in the list of nationalized banks because it has been regulated by a state financial institution since the beginning. Its headquarters is in Mumbai, which is known as the financial capital of the country.
SBI Associates banks list:
- State Bank of Bikaner and Jaipur (SBBJ) – स्टेट बैंक ऑफ बीकानेर और जयपुर
- .State Bank of Indore – स्टेट बैंक ऑफ इंदौर
- State Bank of Saurashtra (SBS) – स्टेट बैंक ऑफ सौराष्ट्र
- .State Bank of Hyderabad (SBH) – स्टेट बैंक ऑफ हैदराबाद
- State Bank of Mysore (SBM) – स्टेट बैंक ऑफ मैसूर
- .State Bank of Patiala (SBP) – स्टेट बैंक ऑफ पटियाला
- State Bank of Travancore (SBT) – स्टेट बैंक ऑफ त्रावणकोर
Is IDBI a nationalized Bank in India?
Is IDBI a nationalized bank in India: IDBI Bank Limited is also a public sector bank, but not one of the nationalized banks in India. IDBI Bank was established in 1964 (IDBI Act, 1964) to assist development finance in the country. Initially, it was a financial institution and did not participate in core banking activities. IDBI Bank was included in banking in 2003 and merged with IDBI Limited – a company whose government has a 70 percent stake in 2005.
आईडीबीआई बैंक लिमिटेड भी एक सार्वजनिक क्षेत्र का बैंक है, लेकिन भारत के राष्ट्रीयकृत बैंकों में से एक नहीं है। देश में विकास वित्त की सहायता के लिए 1964 (आईडीबीआई अधिनियम, 1 9 64) में आईडीबीआई बैंक की स्थापना हुई थी। प्रारंभ में, यह एक वित्तीय संस्थान था और कोर बैंकिंग गतिविधियों में भाग नहीं लिया था। आईडीबीआई बैंक को 2003 में बैंकिंग में शामिल किया गया था और आईडीबीआई लिमिटेड के साथ विलय किया गया था – एक कंपनी जिसका सरकार 2005 में 70 प्रतिशत हिस्सेदारी रखती है।
Why were the banks nationalized in India?
Nationalized bank in India! Why?
- Class banking to Mass banking
- Expansion of banking activity in ruler & semi-urban areas.
- To raise public confidence in the banking system
- Movalis of saving and current account from the ruler & semi-urban areas.
- To serve a better need for the development of the economy with national priority and objective.
- Cheque consideration of wealth in few banks