Avail benefits of Public Sector Banks in India. Just check complete benefits and also list of Nationalised Banks in India which are operational with online services portal…
Banks are one of the most important financial institutions to maintain the economy of Country. Based on the share of stake in Banks, they are divided into Public Sector Banks and Private Banks in India. Banks do provide facilities of Loans, money transactions, funds savings and many other similar services in relation to amount.
All government owned enterprises which include Banks under are referred as Nationalised banks in India, which are fully operated through the respective government. There are central Banks and state banks, which are operated by the central government and state government differently.
History of PSB and What is Public Sector Bank?
Are you someone piqued by the development of Public Sector Banks or else do you want to invest in them? In any case you want to understand firsthand what is Public Sector Bank right?
In India there are over 13 Nationalized Banks in India along with 43 Regional banks which are fully Public Sector Banks. These Banks are very much important for the growth of the economy, as the entire profit from these banks is directly invested in the development of society. The entire share of PSU banks will be with the government and they firmly take decisions on various services to be provided to customers.
The PSU Banks in India, have accumulated more than $120 Billion of investments and savings funds across the customers in India. This helps us understand that the rate.
Benefits from Public Sector Banks to Customers
There are multiple benefits of PSB, of which few we have listed here below for your information.
- Get high interest rate on deposits made for long term duration
- They offer very loan interest charges on any type of Loans
- Employees under PSU Banks are termed as government employees
- Employees of PSU Banks get pension and all regular employee options
- They offer services to millions of customers
- PSU Banks are spread across all corners of country inducing rural area
Since we’ve heard and learnt more about these set of banks under the segment of PSU, then you would want to know the list of PSU Banks in India right? you can go over the list below.
Public Sector Banks in India
| Bank Name | Web Page |
|---|---|
| Bank of Baroda | bankofbaroda.co.in |
| Bank of India | bankofindia.co.in |
| Bank of Maharashtra | bankofmaharashtra.in |
| Canara Bank | canarabank.com |
| Central Bank of India | centralbankofindia.co.in |
| Indian Bank | indianbank.in |
| Indian Overseas Bank | iob.in |
| Punjab & Sind Bank | punjabandsindbank.co.in |
| Punjab National Bank | pnbindia.in |
| State Bank of India | sbi.co.in |
| UCO Bank | ucobank.com |
| Union Bank of India | unionbankonline.co.in |
What is the NIFTY PSU Banks share price?
The average NIFTY PSU Banks share price stands somewhere between the price line of INR 2,500 to 2,700. As these share values are constantly changing due to the market place trend but we’ve only seen only 10% variation at large.
Which PSU Banks will be privatized?
PSU Banks privatization will only impact two banks namely Central bank of India and Indian overseas bank as well. This was announced the Finance minister Nirmala Sitharaman that these two banks out of all will be privatized.
How many banks are there in public sector?
The public sector banks or widely known as PSU Banks are 12 in number as two of them had previously been privatized.