{"id":73074,"date":"2025-04-10T16:11:35","date_gmt":"2025-04-10T10:41:35","guid":{"rendered":"https:\/\/leverageedu.com\/learn\/?p=73074"},"modified":"2025-04-10T16:11:35","modified_gmt":"2025-04-10T10:41:35","slug":"nationalised-banks-in-india-finance","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/","title":{"rendered":"12 Nationalised Banks in India: List, Interesting Facts"},"content":{"rendered":"\n<p>Ever wondered why many of us still prefer nationalised banks in Indian like SBI and PNB over new-age private banks? Well, it\u2019s not just a habit; it\u2019s trust, legacy, and a little history. These nationalised banks have been the backbone of India\u2019s financial system since independence.<\/p>\n\n\n\n<p>In this blog, let\u2019s dive into what nationalised banks are, why they matter, and what the complete list looks like in 2025. Whether you\u2019re planning to open your first bank account or apply for an education loan, this guide will help you understand the role of nationalised banks in India.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-what-are-nationalised-banks\" data-level=\"2\">What are Nationalised Banks?<\/a><\/li><li><a href=\"#h-list-of-nationalised-banks-in-india-2025-updated\" data-level=\"2\">List of Nationalised Banks in India (2025 Updated)<\/a><\/li><li><a href=\"#h-history-of-nationalised-banks-in-india\" data-level=\"2\">History of Nationalised Banks in India<\/a><\/li><li><a href=\"#h-recent-bank-mergers-in-india-then-vs-now\" data-level=\"2\">Recent Bank Mergers in India: Then vs Now<\/a><\/li><li><a href=\"#h-interesting-facts-about-nationalised-banks\" data-level=\"2\">Interesting Facts About Nationalised Banks<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-nationalised-banks\"><span id=\"what-are-nationalised-banks\">What are Nationalised Banks?<\/span><\/h2>\n\n\n\n<p>Nationalised banks are banks that were taken over by the government to ensure wider financial inclusion and stability. These are also called Public Sector Banks (PSBs).\u00a0<\/p>\n\n\n\n<p>In these banks, the majority stake (more than 50%) is held by the Government of India.<\/p>\n\n\n\n<p>Nationalised banks in India operate under the supervision of the Ministry of Finance and follow guidelines issued by the Reserve Bank of India (RBI).<\/p>\n\n\n\n<p><strong>Key differences between Nationalised and Private Banks:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Nationalised Banks<\/strong><\/td><td><strong>Private Banks<\/strong><\/td><\/tr><tr><td><strong>Ownership<\/strong><\/td><td>Government-owned<\/td><td>Privately owned<\/td><\/tr><tr><td><strong>Reach<\/strong><\/td><td>Extensive in rural areas<\/td><td>Mostly urban-centric<\/td><\/tr><tr><td><strong>Loan Interest Rates<\/strong><\/td><td>Generally lower<\/td><td>Comparatively higher<\/td><\/tr><tr><td><strong>Customer Service<\/strong><\/td><td>Functional, may be slower<\/td><td>Tech-driven, faster<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-list-of-nationalised-banks-in-india-2025-updated\"><span id=\"list-of-nationalised-banks-in-india-2025-updated\">List of Nationalised Banks in India (2025 Updated)<\/span><\/h2>\n\n\n\n<p>As of 2025, India has 12 nationalised banks. These banks were formed after multiple mergers to strengthen the banking system, also offering some of the <a href=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/best-saving-account-for-students\/\"><strong>best savings accounts for students<\/strong><\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Bank Name<\/strong><\/td><td><strong>Year of Nationalisation<\/strong><\/td><td><strong>Headquartered in<\/strong><\/td><\/tr><tr><td><strong>State Bank of India (SBI)*<\/strong><\/td><td>1955 (as Imperial Bank)<\/td><td>Mumbai<\/td><\/tr><tr><td><strong>Punjab National Bank (PNB)<\/strong><\/td><td>1969<\/td><td>New Delhi<\/td><\/tr><tr><td><strong>Bank of Baroda (BoB)<\/strong><\/td><td>1969<\/td><td>Vadodara<\/td><\/tr><tr><td><strong>Canara Bank<\/strong><\/td><td>1969<\/td><td>Bengaluru<\/td><\/tr><tr><td><strong>Union Bank of India<\/strong><\/td><td>1969<\/td><td>Mumbai<\/td><\/tr><tr><td><strong>Indian Bank<\/strong><\/td><td>1969<\/td><td>Chennai<\/td><\/tr><tr><td><strong>Indian Overseas Bank (IOB)<\/strong><\/td><td>1969<\/td><td>Chennai<\/td><\/tr><tr><td><strong>UCO Bank<\/strong><\/td><td>1969<\/td><td>Kolkata<\/td><\/tr><tr><td><strong>Bank of Maharashtra<\/strong><\/td><td>1969<\/td><td>Pune<\/td><\/tr><tr><td><strong>Central Bank of India<\/strong><\/td><td>1969<\/td><td>Mumbai<\/td><\/tr><tr><td><strong>Punjab & Sind Bank<\/strong><\/td><td>1980<\/td><td>New Delhi<\/td><\/tr><tr><td><strong>Bank of India<\/strong><\/td><td>1969<\/td><td>Mumbai<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>*SBI is not included in the 1969\/1980 nationalisation waves. It was nationalised earlier in 1955.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><strong>Banking Full Forms List<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-history-of-nationalised-banks-in-india\"><span id=\"history-of-nationalised-banks-in-india\">History of Nationalised Banks in India<\/span><\/h2>\n\n\n\n<p>The journey of bank nationalisation in India is a significant chapter in the country\u2019s economic development.\u00a0<\/p>\n\n\n\n<p>It was driven by the vision of ensuring financial inclusion, reducing regional disparities, and extending banking services to the unbanked population, especially in rural and semi-urban areas.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1955: The Beginning \u2013 Formation of the State Bank of India (SBI)<\/strong><\/p>\n\n\n\n<p>The first major step toward nationalisation was taken in <strong>1955<\/strong>, when the <strong>Imperial Bank of India<\/strong> was nationalised and restructured to form the <strong>State Bank of India (SBI)<\/strong>, making it one of the first nationalised banks in India.<\/p>\n\n\n\n<p>The move was aimed at creating a state-partnered banking institution that could lead the way in providing financial services to the common people.\u00a0<\/p>\n\n\n\n<p>SBI was tasked with expanding the banking network to rural and underdeveloped regions and financing agriculture, small industries, and exports.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1969: Nationalisation of 14 Major Banks<\/strong><\/p>\n\n\n\n<p>A landmark moment came in <strong>1969<\/strong>, under the leadership of then Prime Minister <strong>Indira Gandhi<\/strong>. The government nationalised <strong>14 major commercial banks<\/strong>, each with deposits over INR 50 crore.\u00a0<\/p>\n\n\n\n<p>This decision was taken to align the banking sector with the goals of economic planning and development. The move was intended to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spread banking infrastructure in rural areas.<\/li>\n\n\n\n<li>Ensure that credit is available to priority sectors like agriculture, small-scale industries, and self-employed individuals.<\/li>\n\n\n\n<li>Curtail the concentration of economic power in the hands of a few industrialists.<\/li>\n<\/ul>\n\n\n\n<p>This phase marked a massive expansion of bank branches, particularly in remote and rural areas, offering <a href=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/banks-giving-education-loan-in-india\/\"><strong>education loans in India<\/strong><\/a> to those in need of financial assistance.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1980: Second Phase of Nationalisation<\/strong><\/p>\n\n\n\n<p>In <strong>1980<\/strong>, the government carried out another round of nationalisation, bringing <strong>6 more private banks<\/strong> under its control.\u00a0<\/p>\n\n\n\n<p>With this, around <strong>91% of the banking business<\/strong> in India came under government ownership. The objective remained the same: deeper financial penetration, equitable credit distribution, and support to sectors ignored by private banks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-bank-mergers-in-india-then-vs-now\"><span id=\"recent-bank-mergers-in-india-then-vs-now\">Recent Bank Mergers in India: Then vs Now<\/span><\/h2>\n\n\n\n<p>To create stronger, more efficient, and globally competitive banks, the Government of India initiated a major consolidation drive in the public sector banking space.\u00a0<\/p>\n\n\n\n<p>The goal was to reduce fragmentation, improve operational efficiency, and strengthen the capital base of public sector banks.<\/p>\n\n\n\n<p>These mergers were not just about reducing the number of banks but about creating <strong>\u201cnext-generation\u201d banks<\/strong> with a larger geographical reach, better digital infrastructure, and the ability to support India\u2019s growing economy.<\/p>\n\n\n\n<p>Here\u2019s a detailed look at the major mergers:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Pre-Merger Banks<\/strong><\/td><td><strong>Post-Merger Entity<\/strong><\/td><\/tr><tr><td>Allahabad Bank + Indian Bank<\/td><td>Indian Bank<\/td><\/tr><tr><td>Oriental Bank of Commerce + United Bank of India + PNB<\/td><td>Punjab National Bank (PNB)<\/td><\/tr><tr><td>Andhra Bank + Corporation Bank + Union Bank of India<\/td><td>Union Bank of India<\/td><\/tr><tr><td>Syndicate Bank + Canara Bank<\/td><td>Canara Bank<\/td><\/tr><tr><td>Dena Bank + Vijaya Bank + Bank of Baroda<\/td><td>Bank of Baroda (BoB)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/leverageedu.com\/learn\/career-abroad-banking-jobs\/\"><strong>Highest Paying Banking Jobs Abroad<\/strong><\/a><strong> in 2025<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-interesting-facts-about-nationalised-banks\"><span id=\"interesting-facts-about-nationalised-banks\">Interesting Facts About Nationalised Banks<\/span><\/h2>\n\n\n\n<p>Nationalised banks have played a crucial role in India\u2019s economic development by promoting financial inclusion, supporting priority sectors, and maintaining trust among the masses. Beyond their services, these banks have some fascinating milestones worth knowing.<\/p>\n\n\n\n<p>Check out some of the interesting facts about nationalised banks in India<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SBI handles over 22% of the total banking market in India.<\/li>\n\n\n\n<li>Bank of Baroda was the first Indian bank to set up an international branch (in 1953).<\/li>\n\n\n\n<li>Punjab National Bank was founded in Lahore in 1894 and was the first Swadeshi bank.<\/li>\n\n\n\n<li>Most government scholarships and subsidies are disbursed through nationalised banks.<\/li>\n\n\n\n<li>Canara Bank was the first to launch an exclusive branch for women in 2001.<\/li>\n\n\n\n<li>Indian Bank was the first public sector bank to introduce a digital village initiative.<\/li>\n<\/ul>\n\n\n\n<p>To sum up, nationalised banks have played a huge role in building India\u2019s economy from the ground up. From funding small businesses to offering education loans to students, their services impact millions of lives every day.<\/p>\n\n\n\n<p>If you\u2019re planning to study abroad or apply for an education loan, exploring nationalised banks could be a smart and secure choice.<\/p>\n\n\n\n<p>Stay informed. Stay financially wise. Check out the FAQs below for more information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1744281154389\"><strong class=\"schema-faq-question\">How many nationalised banks are there in India in 2025?<\/strong> <p class=\"schema-faq-answer\">There are 12 nationalised banks as of 2025. These are-<br\/>SBI, PNB, Bank of Baroda, Canara Bank, Union Bank, Indian Bank, Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and Bank of India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281155725\"><strong class=\"schema-faq-question\">Which is the first nationalised bank in India?<\/strong> <p class=\"schema-faq-answer\">State Bank of India, nationalised in 1955, was the first nationalised bank in India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281156256\"><strong class=\"schema-faq-question\">Which bank is 100% Government-owned?<\/strong> <p class=\"schema-faq-answer\">Banks like Punjab & Sind Bank and Central Bank of India are currently 100% government-owned.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281156568\"><strong class=\"schema-faq-question\">Is HDFC Bank nationalised?<\/strong> <p class=\"schema-faq-answer\">No, HDFC Bank is a private sector bank. It was established in 1994 as a private banking company. It is one of India\u2019s largest private banks but is not owned or managed by the Government of India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281157067\"><strong class=\"schema-faq-question\">Is Bank of Maharashtra a nationalised bank?<\/strong> <p class=\"schema-faq-answer\">Yes, Bank of Maharashtra is a nationalised bank. It was taken over by the Government of India during the nationalisation wave in 1969 and has remained a public sector bank since then.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281157631\"><strong class=\"schema-faq-question\">Is Kotak Bank nationalised?<\/strong> <p class=\"schema-faq-answer\">No, Kotak Mahindra Bank is a private-sector bank. It was the first non-banking financial company in India to receive a banking license from the RBI in 2003. It is not government-owned.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281290760\"><strong class=\"schema-faq-question\">Are nationalised banks and public banks the same?<\/strong> <p class=\"schema-faq-answer\">Yes, in India, the terms \u201cnationalised banks\u201d and \u201cpublic sector banks\u201d are used interchangeably.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744281314122\"><strong class=\"schema-faq-question\">What is the difference between nationalised and government banks?<\/strong> <p class=\"schema-faq-answer\">There is no major difference. Nationalised banks are also referred to as government or public sector banks.<\/p> <\/div> <\/div>\n\n\n\n<p>Evaluate all <a href=\"https:\/\/leverageedu.com\/\"><strong>study abroad<\/strong><\/a> options with Leverage Edu. Stay tuned with <a href=\"https:\/\/live.leverageedu.com\/\"><strong>Leverage Live<\/strong> <\/a>classes and realise your dream of studying in your dream country.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><strong>Options For Masters Degree Funding<\/strong><\/td><td><strong>Education Loans for Abroad Studies<\/strong><\/td><\/tr><tr><td><strong>Education Loan without Collateral<\/strong><\/td><td><strong>Everything About Education Loan for MS<\/strong><\/td><\/tr><tr><td><strong>Student Loan- Refinance\/Consolidation<\/strong><\/td><td><a href=\"https:\/\/leverageedu.com\/blog\/types-of-education-loan\/\"><strong>Types of Education Loan for Indian Students<\/strong><\/a><\/td><\/tr><tr><td><strong>Education Loan in Canada<\/strong><\/td><td><strong>Loans to Study Abroad<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"Ever wondered why many of us still prefer nationalised banks in Indian like SBI and PNB over new-age&hellip;\n","protected":false},"author":14,"featured_media":73075,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-73074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>12 Nationalised Banks in India: List, Interesting Facts<\/title>\n<meta name=\"description\" content=\"Learn about nationalised banks in India and their importance. Get a complete list for 2025, insights into their legacy, and recent mergers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12 Nationalised Banks in India: List, Interesting Facts\" \/>\n<meta property=\"og:description\" content=\"Learn about nationalised banks in India and their importance. Get a complete list for 2025, insights into their legacy, and recent mergers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"Leverage Edu Learn\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T10:41:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/8\/2025\/04\/23055250\/Nationalised-Banks-in-India-2.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Team Leverage Edu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Leverage Edu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"12 Nationalised Banks in India: List, Interesting Facts","description":"Learn about nationalised banks in India and their importance. Get a complete list for 2025, insights into their legacy, and recent mergers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/","og_locale":"en_US","og_type":"article","og_title":"12 Nationalised Banks in India: List, Interesting Facts","og_description":"Learn about nationalised banks in India and their importance. Get a complete list for 2025, insights into their legacy, and recent mergers.","og_url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/","og_site_name":"Leverage Edu Learn","article_published_time":"2025-04-10T10:41:35+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/8\/2025\/04\/23055250\/Nationalised-Banks-in-India-2.webp","type":"image\/webp"}],"author":"Team Leverage Edu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Team Leverage Edu","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#article","isPartOf":{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/"},"author":{"name":"Team Leverage Edu","@id":"https:\/\/leverageedu.com\/learn\/#\/schema\/person\/2ff73e58c003b112c432ff6dd6ee01cb"},"headline":"12 Nationalised Banks in India: List, Interesting Facts","datePublished":"2025-04-10T10:41:35+00:00","mainEntityOfPage":{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/"},"wordCount":1345,"commentCount":0,"image":{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/8\/2025\/04\/23055250\/Nationalised-Banks-in-India-2.webp","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/","url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/","name":"12 Nationalised Banks in India: List, Interesting Facts","isPartOf":{"@id":"https:\/\/leverageedu.com\/learn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#primaryimage"},"image":{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/8\/2025\/04\/23055250\/Nationalised-Banks-in-India-2.webp","datePublished":"2025-04-10T10:41:35+00:00","author":{"@id":"https:\/\/leverageedu.com\/learn\/#\/schema\/person\/2ff73e58c003b112c432ff6dd6ee01cb"},"description":"Learn about nationalised banks in India and their importance. Get a complete list for 2025, insights into their legacy, and recent mergers.","breadcrumb":{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281154389"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281155725"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281156256"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281156568"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281157067"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281157631"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281290760"},{"@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281314122"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#primaryimage","url":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/8\/2025\/04\/23055250\/Nationalised-Banks-in-India-2.webp","contentUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/8\/2025\/04\/23055250\/Nationalised-Banks-in-India-2.webp","width":1024,"height":640,"caption":"Nationalised Banks in India"},{"@type":"BreadcrumbList","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leverageedu.com\/learn\/"},{"@type":"ListItem","position":2,"name":"12 Nationalised Banks in India: List, Interesting Facts"}]},{"@type":"WebSite","@id":"https:\/\/leverageedu.com\/learn\/#website","url":"https:\/\/leverageedu.com\/learn\/","name":"Leverage Edu Learn","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leverageedu.com\/learn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/leverageedu.com\/learn\/#\/schema\/person\/2ff73e58c003b112c432ff6dd6ee01cb","name":"Team Leverage Edu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/983552bac71f3399788c36183b7463c46a949abb3f22384efb7f79d62d60cfb3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/983552bac71f3399788c36183b7463c46a949abb3f22384efb7f79d62d60cfb3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/983552bac71f3399788c36183b7463c46a949abb3f22384efb7f79d62d60cfb3?s=96&d=mm&r=g","caption":"Team Leverage Edu"},"url":"https:\/\/leverageedu.com\/learn\/author\/leverageedu\/"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281154389","position":1,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281154389","name":"How many nationalised banks are there in India in 2025?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"There are 12 nationalised banks as of 2025. These are-<br\/>SBI, PNB, Bank of Baroda, Canara Bank, Union Bank, Indian Bank, Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab &amp; Sind Bank, and Bank of India.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281155725","position":2,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281155725","name":"Which is the first nationalised bank in India?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"State Bank of India, nationalised in 1955, was the first nationalised bank in India.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281156256","position":3,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281156256","name":"Which bank is 100% Government-owned?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Banks like Punjab &amp; Sind Bank and Central Bank of India are currently 100% government-owned.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281156568","position":4,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281156568","name":"Is HDFC Bank nationalised?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, HDFC Bank is a private sector bank. It was established in 1994 as a private banking company. It is one of India's largest private banks but is not owned or managed by the Government of India.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281157067","position":5,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281157067","name":"Is Bank of Maharashtra a nationalised bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, Bank of Maharashtra is a nationalised bank. It was taken over by the Government of India during the nationalisation wave in 1969 and has remained a public sector bank since then.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281157631","position":6,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281157631","name":"Is Kotak Bank nationalised?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, Kotak Mahindra Bank is a private-sector bank. It was the first non-banking financial company in India to receive a banking license from the RBI in 2003. It is not government-owned.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281290760","position":7,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281290760","name":"Are nationalised banks and public banks the same?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, in India, the terms \"nationalised banks\" and \"public sector banks\" are used interchangeably.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281314122","position":8,"url":"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/#faq-question-1744281314122","name":"What is the difference between nationalised and government banks?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"There is no major difference. Nationalised banks are also referred to as government or public sector banks.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/posts\/73074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/comments?post=73074"}],"version-history":[{"count":0,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/posts\/73074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/media\/73075"}],"wp:attachment":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/media?parent=73074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/categories?post=73074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/tags?post=73074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}