The banking industry in India has contributed much to the growing image of the country in the global arena. The main importance of the banking enterprises is the security it provides to the national constituents. In addition to that, these competitive nationalised banks in India ensure the GPD traffic in the country.
List of nationalised banks in India
|1||Central Bank of India|
|2||Bank of Baroda|
|3||Punjab National Bank|
|5||Union Bank of India|
|6||Bank of India|
|8||Indian Overseas Bank|
- Bank of Baroda
The Bank of Baroda was nationalised in the year 1969. When it comes to immediate banking services in India and across the globe, BOB does good. Bank of Baroda has 5,000 branches all-in-all with 8,000 recorded ATM machines. At the most, due to its reputable record of providing prompt and secure banking services, it was able to spread to more than 20 countries across globe with a total of 100 branches. It facilitates a total income of more than Rs 47,000 Crore, a net profit of more than Rs 3,300 Crore and a market capitalization rate of Rs 29,123 Crore.
- Punjab National Bank
The Punjab National Bank was established and started in the year. For the record, it has more than 6,000 branches and 7,000 ATM spots. The banks’ loan services and its incomparably practical Personal Agricultural and Personal Banking opportunities are definitely beyond the scale. Ultimately, PNB earns more than Rs 30,000 Crore for net profit and Rs 18,084 Crore for market capitalization this year.
- Central Bank of India
The Central Bank of India is another prominent central government run financial institution in India that has started business in 1911. The bank has a wide presence across the globe as it owns a total number of 12 branches in 7 countries across the globe. Within India, it is empowered by a total of 4,300 high-functioning branches. RBI’s wide range of services offered includes Credit Card, Debit Card, NRI financing, Loans and Deposits processing. Finally, the company yields an utmost net profit rate of Rs 600 Crore and a market capitalization rate of over Rs 10,530 Crore this year.
- Canara Bank
The Canara Bank is one of the fastest-growing nationalized banks in India. It was established and incorporated in 1906. Canara offers services like Loan Processing, Personal, Insurance and Internet Banking and many more. It owns 5,500 branches and 7,000+ ATMs across 27 states. A world-class recipient of certifications and awards, the bank has contributed much to the swell in the Indian Banking Industry. This year, it generates a Market Capitalization rate of about Rs 9,768 Crore.
- Union Bank of India
When it comes to practical interest rates and excellent financing methods, the Union Bank of India is record-breaker. It was incorporated in 1919. Eventually, it owns a total of 4,000 branches in India and excels of a 49 Million income from customers across the globe. UB offers services that include Mobile and Internet Banking and Fast Loans Processing. It boasts of a Market Capitalization rate of Rs 7,816 Crore this year.
- Bank of India
The Bank of India was founded and established in the year 1906. Awarded and recognized all over the globe as a top-performing bank, it boast of diverse services for its multi-geographical-based clients. It owns 4,890+ branches and 4,000 ATMs across 16 states in the country. It offers services that include Fast Internet Banking, Deposits, Debit Card and Credit Card Processing. As a direct consequence of being known internationally, it was able to successfully land 50+ offices across 20 countries in the globe. This year, it yields a Market Capitalization rate of Rs 7,636 Crore.
- Syndicate Bank
The Syndicate Bank is an omnipresent brand across India and the world. It was cquired by government in 1969. It offers the best Loaning Systems, Online Banking, Credit Card, Visa Card and Online Loans Processing. For this year alone, it was able to generate a total income of Rs 23,000 Crore, a net profit rate of Rs 1,500 Crore and a Market Capitalization rate of Rs 4,637 Crore.
- Indian Overseas Bank
The Indian Overseas Bank is an equally influential and successful public bank. It has recorded list of over 3,370 branches 2,000 ATM machines across India. Offering one of the most secure and high quality banking operations and the world like Personal Loans, Agricultural Loans, Social Security Loans and many others, it was invited to open various branches across the world. Hence, it owns 8 trans-Pacific branches in Hong Kong, South Korea, Bangkok, Sri Lanka and Singapore. It generates a Market Capitalization rate of about Rs 4,594 Crore this year.
- Indian Bank
The Indian Bank is founded and established in the year 1907. It keeps its place in the list of the top 10 financing firms in India. It manages a total of 2,500 branches. It offers services that include Wealth Management, Educational Loan, Internet and Mobile Banking. It generates high rates this year- an income rate of Rs 17,000 Crore, a net profit of Rs 1,000 Crore and a market capitalization rate of Rs 4,461 Crore.
- Corporation Bank
The Corporation Bank is another prominent nationalized financial institution in India. Established in 1906 and conquered by government in 1980, CB conquered various business platforms for major industries in India and the world. Consequently, it owns more than 3,000 branches and 3,200 ATM spots across the country. This year, it was able to triumphantly generate an impressive income rate of Rs 21,000 Crore, a net profit of Rs 580 Crore and a market capitalization rate of Rs 4,079 Crore.