PSU banks, or Public Sector Undertaking banks, constitute a significant pillar of India’s financial sector. These government-owned banks play a vital role in providing banking services across the country. Prominent PSU banks include State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), and Canara Bank, among others.
While they offer stability and accessibility, PSU banks have faced challenges like NPA issues and inefficiencies. Recent government initiatives aim to enhance their performance through reforms and amalgamations.
PSU Banks List – Central Public Sector Undertaking Banks
As of the end of March 2022, the percentage of government shareholding in nationalized banks is as follows:
- State Bank of India (57.59%)
- Canara Bank (62.93%)
- Bank of Baroda (63.97%)
- Punjab National Bank (73.15%)
- Indian Bank (79.86%)
- Bank of India (81.41%)
- Union Bank of India (83.49%)
- Bank of Maharashtra (90.90%)
- Central Bank of India (93.08%)
- UCO Bank (95.39%)
- Indian Overseas Bank (96.38%)
- Punjab and Sind Bank (98.25%)
List of Public Sectors Banks
| 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. |
PSU Banks Full Form
PSU stands for Public Sector Undertaking, referring to state-owned corporations or enterprises in India. These entities operate under government supervision, adhering to official directives for conducting commercial activities.
These state-owned firms prioritize national development and economic growth over strict profit motives. Their focus is directed towards advancing the nation’s interests and contributing to its economic expansion, reflecting a broader commitment to the country’s progress.
List of PSUs Category
PSUs can be categorized into three distinct groups.
- SLPEs – State Level Public Enterprises
- CPSEs – Central Public Sector Enterprises
- PSBs – Public Sector Banks
Famous PSUs of India
- CIL – Coal India Limited
- HPCL – Hindustan Petroleum Corporation Limited
- BHEL – Bharat Heavy Electricals Limited
- FCI – Food Corporation of India
- SBI– State Bank of India
- SAIL – Steel Authority of India Limited
- GAIL – Gas Authority of India Limited
- NTPC – National Thermal Power Corporation
- PGCI – Power Grid Corporation of India
- MTNL – Mahanagar Telephone Nigam Limited
Read :
Private Bank List in India (Public, Private and Foreign Banks)
List of Nationalized Banks in India