Public Sector Banks of India

E592563

Public Sector Banks of India are government-owned commercial banks that dominate the country’s banking system by providing retail and corporate financial services under majority ownership and policy direction of the Indian government.

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Label Occurrences
Public Sector Banks of India canonical 1

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf banking sector category
government-owned commercial banks
characteristic listed on Indian stock exchanges
majority government shareholding of 51 percent or more
country India
dominates Indian banking system
governedBy Banking Companies (Acquisition and Transfer of Undertakings) Acts
Banking Regulation Act, 1949
historicalOrigin nationalization of banks in 1969
second phase of bank nationalization in 1980
implementsScheme Direct Benefit Transfer
Kisan Credit Card scheme
Pradhan Mantri Awas Yojana related credit-linked subsidy
Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Mudra Yojana
Stand-Up India scheme
includes Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Indian Bank
Indian Overseas Bank
Punjab National Bank
Punjab and Sind Bank
State Bank of India
UCO Bank
Union Bank of India
majorityOwnershipBy Government of India
objective ensure credit availability to underserved regions
support economic development
owner Government of India
policyDirectionBy Government of India
providesService agricultural finance
corporate banking
deposit accounts
loan products
payment and settlement services
priority sector lending
retail banking
small and medium enterprise finance
regulatedBy Reserve Bank of India
role credit delivery to priority sectors
financial inclusion
implementation of government schemes
mobilization of savings
sector banking
subjectTo capital adequacy requirements
government recapitalization policies
prudential norms of Reserve Bank of India
supervisedBy Ministry of Finance, Government of India
linked to: Ministry of Finance
underwent consolidation and merger programs after 2017

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ministry of Finance (India) oversees Public Sector Banks of India
subject linked to: Ministry of Finance