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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.
This is a list of countries by public sector size, calculated as the number of public sector employees as a percentage of the total workforce. ... (World Bank ...
It is a public sector bank and the largest bank in India [12] with a 23% market share by assets and a 25% share of the total loan and deposits market. [13] It is also the tenth largest employer in India with nearly 250,000 employees. [14] [15] [16] In 2024, the company’s seat in Forbes Global 2000 was 55. [17]
A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners.It is an enterprise under government control. [1] Prominent among current public banking models are the Bank of North Dakota, the Sparkassen-Finanzgruppe in Germany, and many nations' postal bank systems.
The public sector undertakings are headed by the head of board of directors also known as chairperson cum managing director cum chief executive officer and a vice chairperson cum deputy managing director cum co-chief executive officer along with the members of the board of directors also known as executive director cum c-level officer who are ...
By 2013 the Indian Banking Industry employed 1,175,149 employees and had a total of 109,811 branches in India and 171 branches ... Public sector banks in India;
Bank of America also promoted more employees to managing director roles in December, as dealmakers at the biggest U.S. banks prepare for a resurgence in mergers and acquisitions as well as initial ...
Bank of India (BoI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. Founded in 1906, it has been government-owned since nationalisation in 1969.