Public Sector Bank

GPTKB entity

Statements (52)
Predicate Object
gptkbp:instanceOf gptkb:bank
gptkb:financial_services_company
gptkbp:book Widespread, including rural areas
gptkbp:country gptkb:India
gptkbp:differenceFromPrivateBank Majority owned by government
More focus on social objectives
Recruitment through government exams
gptkbp:example gptkb:Bank_of_Maharashtra
gptkb:Indian_Overseas_Bank
gptkb:Canara_Bank
gptkb:State_Bank_of_India
gptkb:Punjab_&_Sind_Bank
gptkb:Bank_of_Baroda
gptkb:Punjab_National_Bank
gptkb:Bank_of_India
gptkb:Central_Bank_of_India
gptkb:Indian_Bank
gptkb:UCO_Bank
gptkb:Union_Bank_of_India
gptkbp:governedBy gptkb:Banking_Regulation_Act,_1949
gptkb:Banking_Companies_(Acquisition_and_Transfer_of_Undertakings)_Act,_1970
gptkb:Banking_Companies_(Acquisition_and_Transfer_of_Undertakings)_Act,_1980
gptkbp:hasATM Extensive
gptkbp:headquartersLocation gptkb:India
https://www.w3.org/2000/01/rdf-schema#label Public Sector Bank
gptkbp:importantFor Implements government subsidy and welfare schemes
Key role in economic development
Largest share of banking sector assets in India
gptkbp:majorityStakeholder gptkb:Government_of_India
gptkbp:numberInIndia 12 (as of 2024)
gptkbp:officeType Government Employee
gptkbp:ownedBy gptkb:Government_of_India
Public Ownership
gptkbp:purpose Provide banking services to the public
Support government financial inclusion initiatives
gptkbp:rating Generally higher due to government support
gptkbp:recruitmentProcess gptkb:IBPS_Exams
gptkb:SBI_PO/Clerk_Exams
gptkbp:regulates gptkb:Ministry_of_Finance,_Government_of_India
gptkb:Reserve_Bank_of_India
gptkbp:riskProfile Lower risk due to government backing
gptkbp:role Implements government policies
Promotes financial literacy
Supports priority sector lending
gptkbp:sector Public Sector
gptkbp:services Financial Inclusion
Retail Banking
Corporate Banking
Agricultural Banking
Government Schemes
gptkbp:bfsParent gptkb:PSB
gptkbp:bfsLayer 5