![]() It has a PAN India presence with a network of 10,925 branches, 13,914 ATMs, 12,346 business correspondents as of December 2020. The most recent merger being with Oriental Bank of Commerce and United Bank of India. During its long history, nine banks have been merged with Punjab National Bank. Founded in 1894 in Lahore, it is the second-largest government bank in the country, with a global business of INR 18,09,587 crore. Punjab National Bank (PNB) is a government-owned bank under the ownership of the Ministry of Finance. SBI has 11 subsidiaries, to name a few, SBI Mutual Fund, SBI Life Insurance, SBI General Insurance, SBI Card, etc. Also, the bank has presences across the globe in 22 countries with around 233 offices.įurthermore, in addition to banking services, the bank has also diversified into other businesses. It has more than 20,000 branch offices, 58,500 ATM centres, and 66,000 BC outlets. Moreover, the bank serves over 44 crore customers through its wide network. SBI is the largest Indian bank with a 1/4 th market share. Also, the bank constantly strives to focus on innovation and customer-centricity. The bank’s core values revolve around Service, Transparency, Ethics, Politeness, and Sustainability. SBI has over 200 years of rich heritage and legacy and is the most trusted bank by Indians for generations. The company has its headquarters in Mumbai, India. It is an Indian multinational and Public Sector Banking and Financial services firm. State Bank of India (SBI) is among the Fortune 500 companies. This article covers the best public and private sector banks in India. There are 34 banks in India, out of which 12 are public sector banks, and the rest are private sector banks. Also, the financial inclusion initiatives taken by the government have ensured almost all citizens have a bank account. Moreover, all financial subsidies given by the government are also routed through bank accounts. In the current age, having a bank account is essential.
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