RBI has Released a List of Public Sector Banks in India PDF

The Lok Sabha in India raised an unstarred question on public sector banks, to which the Ministry of Finance responded with information provided by the Reserve Bank of India. The response stated that there are twelve public sector banks currently operating in India, and Annexure-II provides details on the number of accounts, total deposits, and total advances outstanding of PSBs as of March 31 for each of the last five years. The government has received various representations and recommendations on issues related to PSBs, including privatisation, which are examined suitably. In the FY 2021-22 Union Budget, the government announced its intention to privatise two PSBs and approved a policy of strategic disinvestment of Public Sector Enterprises.

Public Sector Banks in India

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES

LOK SABHA
UNSTARRED QUESTION NO.1996
To be answered on the March 13, 2023/Phalguna 22,1944 (Saka)

Public Sector Banks

1996 . SHRIMATI SANGEETA AZAD:

Will the Minister of FINANCE be pleased to state:

(a) the number and names of Public Sector Banks (PSBs) functioning in the country at present;

(b) whether the Government has any statistics regarding total number of account holders, total deposits and total loans disbursed by each of these PSBs;

(c) if so, the details thereof for total number of account holders, total deposit and loans disbursed by each of these banks during the last five years, year and PSB-wise;

(d) whether the Government has received any representations or recommendations from any quarter to privatise PSBs in the country and if so, the details thereof; and

(e) the response of the Government thereto along with the steps taken by the Government in this regard?

ANSWER
THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KARAD)

(a) to (e): As per Reserve Bank of India, there are twelve public sector banks (PSBs) functioning in the country, names of which are at Annexure-I. Bank-wise and year-wise details of total number of accounts, total deposit and total advances, outstanding of PSBs as on 31st March of each of the last five years is at Annexure-II.

Representations or recommendations on various issues including, inter alia, privatisation of PSBs, received by the Government from time to time are examined suitably.

In the Union Budget for the financial year (FY) 2021-22, Government’s intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises was announced.

Source: pqals.nic.in