Nationalized Banks List in India 2024

The nationalized bank list differs from country to country, depending on their specific nationalization policies. For example, in India, some prominent nationalized banks include State Bank of India (SBI), Bank of Baroda (BOB), Punjab National Bank (PNB), and Canara Bank, These banks, once privately owned, were transferred to government control to serve the national interest and support the country's economic growth

Nationalized banks refer to banks that have undergone a process of nationalization, where the ownership and control of private banks are transferred to the government. This initiative is typically aimed at promoting financial inclusion, stability, and equitable distribution of resources within a country’s banking sector. The nationalization of banks helps in channeling funds towards priority sectors, fostering economic development, and ensuring the availability of banking services to all sections of society.

Nationalized banks play a vital role in providing banking services, extending credit to underserved sectors, mobilizing savings, and facilitating financial stability. They often have a wider network of branches, making banking accessible to rural and remote areas. These banks contribute significantly to the economy by supporting entrepreneurship, financing infrastructure projects, and providing a secure platform for depositors.

Nationalized Banks List in India

S.No.	Name of the Bank	Address
1	Bank of Baroda	Central Office, P.O. Box No. 10046, 9th Floor, Baroda Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai-400 051.
2	Bank of India	Head Office, Star House, C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051
3	Bank of Maharashtra	Head Office, Lokmangal, 1501, Shivaji Nagar, Pune-411 005.
4	Canara Bank	Head Office, 112, J.C. Road, P.B. No. 6648, Bangalore-560 002.
5	Central Bank of India	Head Office, Chandramukhi, Nariman Point, Mumbai-400 021.
6	Indian Bank	Head Office, 31, Rajaji Road, Chennai-600 001
7	Indian Overseas Bank	Central Office, 763, Anna Salai, P.B. No. 3765, Chennai-600 02.
8	Punjab National Bank	Head Office, Plot No 4, Sector-10,Dwarka New Delhi-110 066.
9	Punjab & Sind Bank	Head Office, Bank House, 21, Rajindra Place, New Delhi-110 008.
10	Union Bank of India	Head Office, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai-400 021.
11	UCO Bank	Head Office, 10, B.T.M. Sarani, Brabourn Road, Calcutta-700 001.
12	State Bank of India	Central Office, State Bank Bhavan, Madam Cama Road, Mumbai-400 021