List of Government Banks in India: All You Need to Know

The former 27 Govt banks in India were

Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
IDBI Bank((77.79% government stake)
SBI+and it’s five associate Banks
Bharatiya Mahila Bank

With the announcement made on 30^th August 2019, the number of public sector banks (government banks) has come down from 27 in 2017 to 12.

Below are the mergers of the public sector banks( Government Banks) as announced

Banks to be merged	Rank
Punjab National Bank, Oriental Bank of Commerce and United Bank	2^nd largest Public Sector Bank
Canara Bank and Syndicate Bank	4^th largest Public sector Bank
Union Bank, Andhra Bank and Corporation bank	5^th largest Public Sector Bank
Indian Bank and Allahabad Bank	7^th largest Public sector Bank

The Current List of 12 Public Sector Banks (Government Banks)

State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Indian Bank, UCO Bank and Bank of Maharashtra.

Bank Name	Revenues	Established	Headquarters	Information
State Bank of India	₹2,110 billion	1955	Mumbai, Maharashtra	Formerly known as Imperial Bank of India, SBI remains till date the largest public sector bank in India.
Punjab National Bank	₹774.22 billion	1894	New Delhi, Delhi	New name of the amalgamated 3(Punjab National Bank, Oriental Bank of Commerce and United Bank). 2nd largest public sector bank in India.
Bank of Baroda:	₹422 billion	1908	Vadodara, Gujarat	Dena Bank and Vijaya Bank merged with Bank of Baroda, creating the third-largest public sector bank by loans in the country.
Bank of India	₹418 billion	1906	Mumbai, Maharashtra	BOI is a commercial bank nationalised in July 1969 along with 13 other banks. founded by a group of eminent businessmen from Mumbai, Maharashtra
Bank of Maharashtra	₹130.53 billion	1935	Pune Maharashtra	The bank was founded by V. G. Kale and D. K. Sathe and registered It was nationalised in in 1969.
Union Bank of India	₹696.39 billion	1919	Mumbai, Maharashtra	The bank has a network of 2,600 fully automated CBS branches, 3,040 ATMs
Canara Bank	₹558.30 billion	1906	Bengaluru, Karnataka	Canara Bank is one of the largest nationalised public sector banksEstablished at Mangalore by Ammembal Subba Rao Paiand and nationalised in 1969
Central Bank of India	₹259 billion	1911	Mumbai, Maharashtra	Oldest and largest commercial banks
Indian Bank	₹405.74 billion	1907	Chennai, Tamilnadu	It has 20,924 employees, 2900 branches with 2861 ATMs and 1014 cash deposit machines and is one of the top performing public sector banks in India
Indian Overseas bank	₹235.2 billion	1937	Chennai, Tamilnadu	Thiru.M. Ct. M. Chidambaram Chettyar established the Indian Overseas Bank (IOB) to encourage overseas banking and foreign exchange operations
Punjab and Sind Bank	₹87.44 billion	1908	New Delhi	Of its 1559 branches spread throughout India, 623 branches are in Punjab state.
UCO Bank	₹185.61 billion	1943	Kolkata, WB	UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a major government-owned commercial bank of India. G. D. Birla, an eminent Indian industrialist was the architect of this organisation