Top 10 Best Nationalized Banks Of India

Checkout below listed Top 10 Best Nationalized Banks Of India by 2017, Largest Indian banks by revenue and market cap, In India banks who dominate the banking system are nationalized bank. They are by the government under an act. Difference between nationalized bank and public sector bank is that, prior is by the government under an act or commandment where as public sector banks are by the shares of government. Nationalized banks can represent public sector banks but public sector banks cannot represent them.

Here is the list of Top 10 Best Nationalized Banks Of India

10. CORPORATION BANK;

corporation bank, Top 10 Best Nationalized Banks Of India 2018

(Market capitalization= Rs. 4079 crore)

Corporation bank started in 1906. It is widely spread all over the country with 3000 branches and 3200 ATMs. It got nationalized in 1980. It is presently prominent nationalized bank of India. In the recent year it has generated income more than Rs 21 thousand crores. And it’s net profit has crossed Rs 580 crores.

9. INDIAN BANK;

indian bank, Top 10 Best Nationalized Banks Of India 2018

(Market capitalization= Rs. 4461 crores)

Indian bank was started in the year 1907. It has more than 2500 branches all over India. It is known for its services offered like internet banking, wealth management, mobile banking and educational loan etc. In the recent year it has done well by generating an annual income of Rs. 17 thousand crores and a net profit of Rs. 1 thousand crores.

8. INDIAN OVERSEAS BANK;

indian-overseas-bank

(Market capitalization = rs 4594 crores)

Indian overseas Bank was started 79 years ago in madras(Chennai) on 10th Feb 1937. It has 3700 domestic branches. It’s slogan is “good people to grow with”. As the name indicates it has 8 overseas branches in South Korea, Hong Kong, Singapore , bangkok, etc. It has total accents of Rs. 4 thousand billion.

7. SYNDICATE BANK;

syndicate-bank

(Market capitalization= Rs. 4637 crores)

Syndicate bank was started in 1925, 91yrs ago at udupi. It has headquarters at manipal, Karnataka. It’s slogan is “faithful and friendly”. It is one of the oldest and most commercial banks of India. It got nationalized in the year 1969. It is the fastest growing bank with annual income more than Rs 23 thousand crores and net profit over Rs. One thousand five hundred Crores.

6. BANK OF INDIA;

bank of india, Top 10 Best Nationalized Banks Of India 2018

(market capitalization = Rs. 7636 crores)

Bank of India was started in the year 1906. It was nationalized in the year 1969. It offers various services like deposits, internet banking, credit card and debit card etc. It has its 4800 branches spread all over the India. Surprisingly it has 50 offices in 20 foreign countries in the world. It has its headquarters at Mumbai, Maharashtra.

5. UNION BANK OF INDIA;

union-bank-of-india-top-best-nationalized-banks-in-india-2017

(market capitalization = Rs. 7816 crores)

Union Bank of India was started in the year 1919. It has its headquarters at Mumbai, Maharashtra. It has its customer base over 49 million. It has more than 4 thousand branches all over the India. Some of the services offered by this bank are loans, mobile banking and internet banking. It’s slogan is “good people to bank with.

4. CANARA BANK;

canara-bank-top-latest-nationalised-banks-in-india-2017

(Market capitalization = Rs. 9768 crores)

CANARA BANK was started in the year 1906. It has its headquarters at Bangalore, Karnataka. It got nationalized in the year 1969. It has a network of 5784 branches and than 9153 ATMs. It also has its foreign offices at London, new York, the services offered but Canara Bank are personal banking, loans, insurance and internet banking etc. It’s slogan is “together we can”.

3. CENTRAL BANK OF INDIA;

central-bank-of-india-top-largest-nationalized-bank-in-india-2019

(Market capitalization = Rs. 10530 crores)

Central Bank of India was started in the year 1911. It has more than 4300 branches across India. Some of its services are loans, credit card, debit card, deposits etc. In the recent year it has the annual income of more than Rs. 28000 crores and it’s profit crossed Rs. 600 crores. It’s slogan is “build a better life around us”. It has its headquarters at Mumbai, Maharashtra.

2. PUNJAB NATIONAL BANK;

punjab-national-bank-top-popular-nationalized-banks-in-india-2017

(Market capitalization = Rs.18084 crores)

It was started in the year 1894. It has more than 6 thousand branches and 7000 ATMs across India. Some of its special services offered are personal banking and agricultural banking. In the recent year it’s net profit crossed Rs.30000 crores. Its founder was great freedom fighter Lala Lajpat Rai. It has its head quarters at New Delhi.

1. BANK OF BARODA;

bank-of-baroda-top-most-largest-nationalized-bank-in-india-2019

(Market capitalization = Rs.2923 crores)

It was started in the year 1908,108 years ago. It has its headquarters at vadodara, India. It stands first among all the nationalized bank of India. It got nationalized in the year 1969. It has more than 5000 branches and 8000 ATMs across the country. Apart from India it has more than 100 foreign branches across the globe. In the recent year it’s net profit crossed Rs.3300 crores.

This was the list of the Top 10 Nationalized banks in India that have been serving great in banking sector and have helped the country to achieve stable economy.

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