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This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges.
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791.
List of oldest banks in India; P. Public sector banks in India This page was last edited on 1 November 2018, at 17:33 (UTC). Text is available under the Creative ...
The first mutual funds in India were created in 1964 [9] by the Unit Trust of India. In 1987, the leading public sector banks of the country, such as SBI and Canara Bank, set up their mutual funds. It became popular after the 1991 liberalization of the Indian economy. By the end of 2006, there were around 200 mutual funds schemes in India.
The firm has been on the Global 500 as long as the list has been recorded. 160 Oil and Natural Gas Corporation: $61,420 43,743 State-owned crude oil and gas company, currently the largest in India. 236 State Bank of India: $47,286 257,252 The bank is a state-owned, multi-national financial services entity, founded in 1806 as the Bank of ...
List of banks that have merged to form the State Bank of India; T. Tamil Nadu Grama Bank This page was last edited on 8 July 2020, at 13:17 (UTC). Text is ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]