Government banks in India are a key part of the country’s financial infrastructure. Currently, there are 12 government banks operating in India. These banks, also known as public sector banks, are owned and operated by the Indian government and provide essential services like loans, savings accounts, and financial inclusion programs.
This article presents a complete government bank list for 2025, along with their features, market standing, and role in the economy.
In India, nationalised banks are public sector banks which are commonly known as government banks. A public sector bank in India refers to a bank in which the government owns at least 51% of its stakes.
The State Bank of India (SBI) is the largest government bank in India. Founded in 1806 as Bank of Calcutta, SBI currently has:
It is also India's oldest commercial bank and the largest lender by market capitalization.
Currently, there are 12 nationalised banks in the country. Here is the latest government bank list:
Here are the top ten government bank list in India in terms of their market capitalisation:
Banks | Market Capitalisation (in ₹ Crores) |
State Bank of India | 7.28 |
Bank of Baroda | 1.28 |
Punjab National Bank | 1.17 |
Union Bank of India | 0.98 |
Canara Bank | 0.98 |
Indian Bank | 0.78 |
Indian Overseas Bank | 0.73 |
Bank of India | 0.54 |
UCO Bank | 0.39 |
Bank of Maharashtra | 0.39 |
*Data is as of 21 April 2025 sourced from BSE India
Given below is the top 10 government bank list in India:
State Bank of India (SBI)
Bank of Baroda (BOB)
Punjab National Bank (PNB)
Indian Overseas Bank (IOB)
Canara Bank
Union Bank of India
Indian Bank
UCO Bank
Bank of India (BOI)
Central Bank of India
1. Comprehensive Banking Services
Various financial products, such as savings accounts, fixed deposits, loans, credit cards, and insurance, are available for individuals and companies.
2. Facilitating Transactions
They provide services like forex, remittances, and money transfers, which help clients efficiently conduct their foreign and domestic financial dealings.
3. Protection of Deposits
Government banks stabilise and secure deposits as the custodians of public funds. Depositors are guaranteed that their deposits are safe in the bank.
4. Regulatory Compliance
They work under the supervision of RBI and SEBI, which are regulatory bodies. They adhere to strict regulations and rules to ensure the safety and transparency of the interest of the depositors.
5. Strong Leadership and Risk Management
They follow strict corporate governance guidelines and risk management processes, are accountable even during economic downturns, and make decisions safeguarding the bank and its consumers.
Government banks in India are crucial to the economic ecosystem by:
Government banks in India play a vital role in the country's financial system. It provides a wide spectrum of financial services to people to cater for their diverse service requirements. As the country continues its journey towards becoming a global economic powerhouse, the role of government banks in India remains crucial. It ensures quick access to banking services and fosters inclusive growth for all segments of society.
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