Nationalised Banks in India

Nationalised banks in India are the major players in Indian banking system dominating the industry. Not only that, the nationalised banks in India also play pivotal role in the economic development of the country at the same time.

The Base

The history of nationalization of Indian banks dates back to the year 1955 when the Imperial Bank of India was nationalized and re-christened as State Bank of India (under the SBI Act, 1955). Later on July 19, 1960, the 7 subsidiaries of SBI viz. State Bank of Hyderabad (SBH), State Bank of Indore, State Bank of Saurashtra (SBS), State Bank of Mysore (SBM), State Bank of Bikaner and Jaipur (SBBJ), State Bank of Patiala (SBP), and State Bank of Travancore (SBT) were also nationalized with deposits more than 200 crores.

The Initiative

The banking industry in India became a major tool for the development of country's economy by the 1960. The industry also became a large employer creating a number of opportunities for the job-seekers. In order to spread banking infrastructure in rural areas, the then Prime Minister, Indira Gandhi took the initiative to nationalize some commercial banks. She submitted a paper “Stray thoughts on Bank Nationalisation’ in the All India Congress Meeting, which got positive feedback. On July 19, 1969, 14 commercial banks were nationalized, which got presidential approval on August 9, 1969.

In 1980, in order to provide government more power and command over credit delivery, six more commercial banks in India were nationalized. In 1993, New Bank of India merged with Punjab National Bank (PNB), which brought the number of nationalized banks in India to 19. It's also the only merger between two Indian nationalized banks. In the following years, the nationalized banks in India saw a growth rate of around 4%, which was close to average growth rate of country's economy.

List of Nationalised Banks in India



Following is the list of Nationalised Banks in India:

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of Baroda
  4. Bank of India
  5. Bank of Maharashtra
  6. Canara Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Indian Bank
  11. Indian Overseas Bank
  12. Oriental Bank of Commerce
  13. Punjab & Sind Bank
  14. Punjab National Bank
  15. Syndicate Bank
  16. UCO Bank
  17. Union Bank of India
  18. United Bank of India
  19. Vijaya Bank
Head Offices of Nationalized banks India are:-

1
The Chairman
Allahabad Bank
Head Office, 2, Netaji Subhas Road
Calcutta-700 001.

2
The Chairman
Andhra Bank, Andhra Bank Building
Sultan Bazar, P.B.No.161
Hyderabad-500 001.

3
The Chairman
Bank of Baroda, Baroda Corporate Centre,
C-26, G-Block, Bandra-Kurla Complex,
Bandra (East),
Mumbai-400 051.

4
The Chairman
Bank of India, Head Office
Express Towers,
Nariman Point
Mumbai-400 021.

5
The Chairman
Bank of Maharashtra, Lok Mangal
1501, Shivaji Nagar, Post Box No.919
Pune-411 005.

6
The Chairman
Canara Bank, 112, Jayachamarajendra Road
Post Box No.6648
Bangalore-560 002.

7
The Chairman
Central Bank of India, Central Office
Chander Mukhi, Nariman Point
Mumbai-400 021.

8
The Chairman
Corporation Bank, Bharath Building
G.H.S. Road, Post Box No.88
Mangalore-575 001.

9
The Chairman
Dena Corporate Centre
C-10 G Block Bandra Kurla Complex
Bandra East Mumbai 400 051.

10
The Chairman
Indian Bank Building
P.B.No.1384, 31, Rajaji Road
Chennai-600 001.

11
The Chairman
Indian Overseas Bank, Central Office
762, Anna Salai, P.B.No.3765
Chennai-600 002.

12
The Chairman
Oriental Bank of Commerce
E-Block, Connaught Place, P.B.No.329
New Delhi-110 001.

13
The Chairman
Punjab National Bank
7, Bhikaji Cama Place, Africa Avenue
New Delhi-110 066.

14
The Chairman
Syndicate Bank
Post Box No.1, Manipal-576 119
Karnataka State.

15
The Chairman
Union Bank of India, Union Bank Building
Central Office, 239, Backbay Reclamation
Post Box No.93A, Nariman Point,
Mumbai-400 021.

16
The Chairman
United Bank of India
16, Old Court House Street
Calcutta-700 001.

17
The Chairman
Punjab & Sind Bank, Bank House
4th floor , 21, Rajendra Place
New Delhi-110 008.

18
The Chairman
UCO Bank, Head Office
10, Biplabi Trailokya Maharaj , Sarani
Calcutta-700 001.

19
The Chairman
Vijaya Bank, Administrative Office
Janardhan Towers No.2, Residency Road
Bangalore-560 025.

Allahabad Bank

Name of Bank Allahabad Bank
Address 2, Netaji Subhas Road, Kolkata – 700001
No. of Offices 2217
No. of Employees 20457
Business per Employee (in ` Lakh) 706.00
Profit per Employee (in ` Lakh) 3.75
Interest Income (in ` Crore) 7365
Other Income (in ` Crore) 1142
Interest Expended (in ` Crore) 5206
Operating Expenses (in ` Crore) 1399
Return on Assets 0.90
CRAR 13.11
Net NPA Ratio 0.72


Andhra Bank

Name of Bank Andhra Bank
Address Andhra Bank Building, Sultan Bazar, P.B. No. 161, Hyderabad – 500 001
No. of Offices 1425
No. of Employees 14255
Business per Employee (in ` Lakh) 728.29
Profit per Employee (in ` Lakh) 4.58
Interest Income (in ` Crore) 5375
Other Income (in ` Crore) 765
Interest Expended (in ` Crore) 3748
Operating Expenses (in ` Crore) 1104
Return on Assets 1.09
CRAR 13.22
Net NPA Ratio 0.18


Bank of Baroda

Name of Bank Bank of Baroda
Address Baroda Corporate Centre, C-26, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051
No. of Offices 2916
No. of Employees 36838
Business per Employee (in ` Lakh) 914.00
Profit per Employee (in ` Lakh) 6.05
Interest Income (in ` Crore) 15092
Other Income (in ` Crore) 2758
Interest Expended (in ` Crore) 9968
Operating Expenses (in ` Crore) 3576
Return on Assets 1.09
CRAR 14.05
Net NPA Ratio 0.31


Bank of India

Name of Bank Bank of India
Address Express Towers, Nariman Point, Mumbai – 400 021
No. of Offices 2934
No. of Employees 40155
Business per Employee (in ` Lakh) 833.00
Profit per Employee (in ` Lakh) 7.49
Interest Income (in ` Crore) 16347
Other Income (in ` Crore) 3052
Interest Expended (in ` Crore) 10848
Operating Expenses (in ` Crore) 3094
Return on Assets 1.49
CRAR 13.01
Net NPA Ratio 0.44


Bank of Maharashtra

Name of Bank Bank of Maharashtra
Address Lok Mangal, 1501 Shivaji Nagar, Post Box No. 919, Pune – 411 005
No. of Offices 1407
No. of Employees 13631
Business per Employee (in ` Lakh) 635.61
Profit per Employee (in ` Lakh) 2.76
Interest Income (in ` Crore) 4292
Other Income (in ` Crore) 500
Interest Expended (in ` Crore) 3035
Operating Expenses (in ` Crore) 963
Return on Assets 0.72
CRAR 12.05
Net NPA Ratio 0.79


Canara Bank

Name of Bank Canara Bank
Address Canara Bank, 112, Jayachamarajendra Road, Post Box No. 6648, Bangalore – 560 002
No. of Offices 2740
No. of Employees 44090
Business per Employee (in ` Lakh) 780.17
Profit per Employee (in ` Lakh) 4.97
Interest Income (in ` Crore) 17119
Other Income (in ` Crore) 2311
Interest Expended (in ` Crore) 12401
Operating Expenses (in ` Crore) 3065
Return on Assets 1.06
CRAR 14.1
Net NPA Ratio 1.09


Central Bank of India

Name of Bank Central Bank of India
Address Chander Mukhi, Nariman Point, Mumbai – 400 021
No. of Offices 3527
No. of Employees 35543
Business per Employee (in ` Lakh) 560.28
Profit per Employee (in ` Lakh) 1.71
Interest Income (in ` Crore) 10455
Other Income (in ` Crore) 1070
Interest Expended (in ` Crore) 8227
Operating Expenses (in ` Crore) 1862
Return on Assets 0.45
CRAR 13.12
Net NPA Ratio 1.24


Corporation Bank

Name of Bank Corporation Bank
Address Bharath Building, G.H.S. Road, Post Box No. 88, Mangalore – 575 001
No. of Offices 1028
No. of Employees 12465
Business per Employee (in ` Lakh) 1049.00
Profit per Employee (in ` Lakh) 7.64
Interest Income (in ` Crore) 6067
Other Income (in ` Crore) 1107
Interest Expended (in ` Crore) 4376
Operating Expenses (in ` Crore) 1002
Return on Assets 1.24
CRAR 13.61
Net NPA Ratio 0.29


Dena Bank

Name of Bank Dena Bank
Address Dena Corporate Centre, C-10 G Block Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051
No. of Offices 1093
No. of Employees 9883
Business per Employee (in ` Lakh) 714
Profit per Employee (in ` Lakh) 4.28
Interest Income (in ` Crore) 3447
Other Income (in ` Crore) 430
Interest Expended (in ` Crore) 2383
Operating Expenses (in ` Crore) 768
Return on Assets 1.02
CRAR 12.07
Net NPA Ratio 1.09


Indian Bank

Name of Bank Indian Bank
Address Indian Bank Building, P.B. No. 1384, Rajaji Road, Chennai – 600 001
No. of Offices 1611
No. of Employees 19993
Business per Employee (in ` Lakh) 617.00
Profit per Employee (in ` Lakh) 6.23
Interest Income (in ` Crore) 6830
Other Income (in ` Crore) 1035
Interest Expended (in ` Crore) 4222
Operating Expenses (in ` Crore) 1415
Return on Assets 1.62
CRAR 13.27
Net NPA Ratio 0.18


Indian Overseas Bank

Name of Bank Indian Overseas Bank
Address 762, Anna Salai, P.B. No. 3765, Chennai – 600 002
No. of Offices 1927
No. of Employees 25512
Business per Employee (in ` Lakh) 689.50
Profit per Employee (in ` Lakh) 5.20
Interest Income (in ` Crore) 9641
Other Income (in ` Crore) 1596
Interest Expended (in ` Crore) 6772
Operating Expenses (in ` Crore) 1942
Return on Assets 1.17
CRAR 13.20
Net NPA Ratio 1.33


Oriental Bank of Commerce

Name of Bank Oriental Bank of Commerce
Address E-Block, Connaught Place, P.B. No. 329, New Delhi – 110 001
No. of Offices 1422
No. of Employees 14656
Business per Employee (in ` Lakh) 1142.43
Profit per Employee (in ` Lakh) 6.18
Interest Income (in ` Crore) 8856
Other Income (in ` Crore) 1071
Interest Expended (in ` Crore) 6860
Operating Expenses (in ` Crore) 1383
Return on Assets 0.88
CRAR 12.98
Net NPA Ratio 0.65


Punjab & Sind Bank

Name of Bank Punjab & Sind Bank
Address Bank House, 4th Floor, 21 Rajendra Place, New Delhi – 110 008
No. of Offices 858
No. of Employees 8700
Business per Employee (in ` Lakh) 655.58
Profit per Employee (in ` Lakh) 5.03
Interest Income (in ` Crore) 3247
Other Income (in ` Crore) 408
Interest Expended (in ` Crore) 2235
Operating Expenses (in ` Crore) 692
Return on Assets 1.26
CRAR 14.35
Net NPA Ratio 0.32


Punjab National Bank

Name of Bank Punjab National Bank
Address 7, Bhikaji Cama Place, Africa Avenue, New Delhi – 110 066
No. of Offices 4323
No. of Employees 54780
Business per Employee (in ` Lakh) 654.92
Profit per Employee (in ` Lakh) 5.64
Interest Income (in ` Crore) 19326
Other Income (in ` Crore) 2920
Interest Expended (in ` Crore) 12295
Operating Expenses (in ` Crore) 4206
Return on Assets 1.39
CRAR 14.03
Net NPA Ratio 0.17


Syndicate Bank

Name of Bank Syndicate Bank
Address Post Box No. 1, Manipal – 576 119
No. of Offices 2246
No. of Employees 25068
Business per Employee (in ` Lakh) 750.65
Profit per Employee (in ` Lakh) 3.64
Interest Income (in ` Crore) 9580
Other Income (in ` Crore) 860
Interest Expended (in ` Crore) 6978
Operating Expenses (in ` Crore) 1716
Return on Assets 0.81
CRAR 11.37
Net NPA Ratio 0.77


UCO Bank

Name of Bank UCO Bank
Address 10, Biplabi Trailokya Maharaj Sarani, Kolkata – 700 001
No. of Offices 2058
No. of Employees 23736
Business per Employee (in ` Lakh) 732.00
Profit per Employee (in ` Lakh) 2.40
Interest Income (in ` Crore) 8121
Other Income (in ` Crore) 1020
Interest Expended (in ` Crore) 6477
Operating Expenses (in ` Crore) 1463
Return on Assets 0.59
CRAR 18.41
Net NPA Ratio 1.18


Union Bank of India

Name of Bank Union Bank of India
Address Union Bank Building, Central Office, 239, Backbay Reclamation, Post Box No. 93A, Nariman Point, Mumbai – 400 021
No. of Offices 2569
No. of Employees 29014
Business per Employee (in ` Lakh) 694.00
Profit per Employee (in ` Lakh) 6.28
Interest Income (in ` Crore) 11889
Other Income (in ` Crore) 1483
Interest Expended (in ` Crore) 8076
Operating Expenses (in ` Crore) 2214
Return on Assets 1.27
CRAR 12.01
Net NPA Ratio 0.34


United Bank of India

Name of Bank United Bank of India
Address 16, Old Court House Street, Kolkata – 700 001
No. of Offices 1445
No. of Employees 15111
Business per Employee (in ` Lakh) 585.00
Profit per Employee (in ` Lakh) 1.22
Interest Income (in ` Crore) 4312
Other Income (in ` Crore) 491
Interest Expended (in ` Crore) 3150
Operating Expenses (in ` Crore) 975
Return on Assets 0.34
CRAR 13.28
Net NPA Ratio 1.48


Vijaya Bank

Name of Bank Vijaya Bank
Address Janardhan Towers No. 2, Residency Road, Bangalore – 560 025
No. of Offices 1101
No. of Employees 11975
Business per Employee (in ` Lakh) 756.00
Profit per Employee (in ` Lakh) 2.34
Interest Income (in ` Crore) 5238
Other Income (in ` Crore) 699
Interest Expended (in ` Crore) 4113
Operating Expenses (in ` Crore) 925
Return on Assets 0.59
CRAR 13.15
Net NPA Ratio 0.82


Last Updated on 25 July 2013

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