Top Ten Nationalised Banks in India 2016

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Top Ten Nationalised Banks in India 2016

• In Articles, Banking
• January 22, 2016
• Bob Dylan

Nationalised Banks are banks, which were acquired by the Government from private firm or person under an Act or Ordinance.The main difference between Nationalised Bank and Public Sector Bank is that Nationalised Banks were acquired by the Government under an Act or Ordinance whereas Public Sector Banks are banks in which majority of shares or part is held by the Government. So, the main thing is that Public Sector Banks are not Nationalised Banks.

The top 10 nationalised banks in India by market capitalization 2016

1. BANK OF BARODA

# Bank of Baroda is an Indian state-owned banking and financial services company.

# When its about Nationalised Banks in India, then Bank of Baroda stands in the first position. The history of Bank of Baroda dates back to the year 1908, when it was founded by a group of businessmen and in the year 1969, the bank was nationalised.

# At present, Bank of Baroda has more than 5,000 branches and over 8,000 ATMs across the country, which provide quality and prompt services to customers.

# Apart from India, Bank of Baroda has more than 100 branches in over 20 countries across the globe. Some of the services offered by Bank of Baroda include Wealth Management, Credit Cards, Debit Cards and Loans.

# Bank of Baroda also offers internet banking service under the name of Baroda Connect.

# Talking about performance in the financial year 2014-2015, Bank of Baroda generated a total income of more than Rs 47,000 Crore. Bank of Baroda also generated net profit of more than Rs 3,300 Crore.

# Market Capitalization: Rs 29,123 Crore (As on 16th January 2016)

# Headquarters : Mumbai
# CEO : P. S. Jayakumar
# Founder : Sayajirao Gaekwad III
# Founded : July 20, 1908
# Parent organization : Government of India
# Tagline : India’s International Bank

2. PUNJAB NATIONAL BANK

# Punjab National Bank is next on this list and stand at 2nd in the list of top 10 best nationalised banks in India.

# Punjab National Bank was started in the year 1894 and presently a leading nationalised bank with more than 6,000 branches and over 7,000 ATMs in the country.

# Punjab National Bank is known for quality services and some of the services offered by the bank include Personal Banking and Agricultural Banking.

# The total income generated by Punjab National Bank in the financial year 2014-2015 crossed the mark of Rs 52,000 Crore and net profit was more than Rs 30,000 Crore.

# Market Capitalization: Rs 18,084 Crore (As on 16th January 2016)

# Headquarters : New Delhi
# CEO : Usha Ananthasubramanian
# Founder : Lala Lajpat Rai
# Founded : May 19, 1894, Lahore, Pakistan
# Parent organization : Government of India
# Tagline : The name you can bank upon

3. CENTRAL BANK OF INDIA

# Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra.

# Next is Central Bank of India, one of the oldest banks in India and came into existence in the year 1911.

# Central Bank of India is presently widely across the country with more than 4,300 branches in over 25 states in India.

# Loans, NRI Banking, Credit Card, Debit Card and Deposits are some of the services offered by the bank.

# Moving to Financial Results, Central Bank of India in the financial year 2014-2015 generated a total income of more than Rs 28,000 Crore. Also, the profit generated by the bank crossed the mark of Rs 600 Crore.

# Market capitalization: Rs 10,530 Crore (As on 16th January 2016)

# Headquarters : Mumbai
# CMD : Rajeev Rishi
# Founder : Pherozeshah Mehta, Sorabji Pochkhanawala
# Founded : December 21, 1911
# Parent organization : Government of India
# Tagline : “Central To you Since 1911” Together We Can.

4. CANARA BANK

# Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country. The government nationalized the bank in 1969.

# Canara Bank is another nationalised bank, which is known for quality products and services and incorporated in the year 1906.

# Personal Banking, Loans, Insurance and Internet Banking are some of the services offered by Canara Bank.

# Canara Bank is growing swiftly and at present owns more than 5,500 branches and over 7,000 ATMs in the country.

# Canara Bank for quality services has been awarded with numerous awards and some of the awards won by the bank include MSME Banking Excellence Awards-2014 and SKOCH Renaissance Award 2014.

# Market Capitalization: Rs 9,768 Crore (As on 16th January 2016)

# Headquarters : Karnataka
# CEO : Pradyuman Singh Rawat
# Founder : Ammembal Subba Rao Pai
# Founded : 1906
# Tagline : Together We Can

5. UNION BANK OF INDIA

# Union Bank of India is one of the largest government-owned banks of India. It is listed on the Forbes 2000, and has assets of USD 13.45 billion. All the bank’s branches have been networked with its 6909 ATMs as on 30.09.2015.

# Winner of Express Uptime Champion Award 2014, Union Bank of India is the next nationalised bank, which was incorporated in 1919.

# Headquartered in Mumbai, Union Bank of India has more than 4,000 branches and a customer base of over 49 Million.

# Talking about services, then Union Bank of India is acclaimed for its products and services and some of the services offered by the bank include Loans, Mobile Banking and Internet Banking.

# Market Capitalization: Rs 7,816 Crore (As on 16th January 2016)

# Headquarters : Mumbai
# CEO : Arun Tiwari
# Founded : November 11, 1919
# Parent organization : Government of India
# Tagline : Good People to Bank with

6. BANK OF INDIA

# Bank of India is commercial bank with headquarters in Mumbai, Maharashtra, India. Founded in 1906, it has been government-owned since nationalisation in 1969.

# Bank of India is another leading bank in India, which was founded in the year 1906. Some of the services offered by the bank include Deposits, Internet Banking, Credit Card and Debit card.

# With more than 4,800 branches, Bank of India has a strong presence in the country.

# Apart from India, Bank of India has more than 50 offices present in over 20 countries in the world.

# Market Capitalization: Rs 7,636 Crore (As on 16th January 2016)

# Headquarters : Mumbai
# CEO : Vijayalakshmi R. Iyer
# Founded : September 7, 1906, Mumbai
# Tagline : Relationship beyond banking

7. SYNDICATE BANK

# Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.

# Syndicate Bank is ranked 7th in the list of top 10 best nationalised banks in India. Founded in 1925, Syndicate Bank was nationalised in the year 1969.

#Syndicate Bank is a fast growing bank, which is also manifested in its financial results for the year 2014-2015.

# In the financial year 2014-2015, Syndicate Bank generated a total income of more than Rs 23,000 Crore and net profit of over Rs 1,500 Crore.

# Market Capitalization: Rs 4,637 Crore (As on 16th January 2016)

# Headquarters : Manipal(Karnataka)
# CEO : Arun Shrivastava
# Founder : T. M. A. Pai
# Founded : Udupi in 1925
# Tagline : Your Faithful And Friendly Financial Partner

8. INDIAN OVERSEAS BANK

# India Overseas Bank has more than 3,300 domestic branches and occupied eighth place in the list of top 10 nationalised banks in India. Also, the bank has 8 overseas branches in South Korea, Hong Kong, Singapore, Sri Lanka and Bangkok.

# Indian Overseas Bank is a major public sector bank based in Chennai, with about 3700 domestic branches, including 1150 branches in Tamil Nadu, 3 extension counters, and eight branches and offices overseas as of 30 September 2014.

# Market Capitalization: Rs 4,594 Crore (As on 16th January 2016)

# Headquarters : Chennai
# CEO : R. Koteeswaran
# Founded : Chennai
# Tagline : Good people to grow with

9. INDIAN BANK

# Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India. It has 20464 employees, 2416 branches in India and is one of the big public sector banks of India.

# Next on this list is Indian Bank, a nationalised bank founded in the year 1907 and owns more than 2,500 branches in India.

# Internet Banking, Wealth Management, Mobile Banking and Educational Loan are some of the services offered by the bank.

# Indian Bank in the financial year 2014-2015 has performed well and generated a total income of more than Rs 17,000 Crore. Also, the net profit generated by Indian Bank was more than Rs 1,000 Crore.

#Market Capitalization: Rs 4,461 Crore (As on 16th January 2016)

# Headquarters : Chennai
# CEO : Shri Mahesh Kumar Jain
# Founder : V. Krishnaswamy Iyer, S. Rm. M. Annamalai Chettiar, S. Rm. M. Ramaswami Chettiar
# Founded : August 15, 1907
# Parent organization : Reserve Bank of India
# Tagline : Your Tech- Friendly Bank

10. CORPORATION BANK

# Corporation Bank is a public sector banking company headquartered in Mangalore, India. The bank has pan-India presence with 8,000 functional units comprising 2200 branches, 1800+ ATMs and 3,000 branchless banking units as of 30 January 2015.

# Established in 1906, Corporation Bank has more than 3,000 branches and over 3,200 ATMs in the country.

# The bank was nationalised in 1980 and presently a leading nationalised bank in the country.

# In the financial year 2014-15, Corporation Bank generated income of more than Rs 21,000 Crore. Also, its net profit crossed the mark of Rs 580 Crore.

# Market Capitalization: Rs 4,079 Crore (As on 16th January 2016)

# Headquarters : Mangalore
# CEO : Shri Sadhu Ram Bansal
# Founded : 1906, Udupi
# Parent organization : Government of India
# Tagline : A Premier Public Sector Bank

References : Wikipedia and other Articles