The banking sector of any country is one of the most significant sectors of their economy. Similarly, in India, our banking sector plays a vital role in the growth and development of the country. They are essential for providing financial services to individuals, businesses, and the government, helping channel savings into productive investments, and many more tasks that help make the economy more efficient and stable. India has a well-developed banking system, with many banks operating and a variety of public sector, private sector, and foreign banks. The article talks about them in detail below.
12 Public Sector Banks
Out of all the nationalized banks in India, there are 12 which are government-owned. Following are the names of public banks, along with their tagline, headquarters, and heads:
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State Bank of India
Tagline: Pure Banking, Nothing Else
Headquarter: Mumbai
Chairman: Shri Dinesh Kumar Khara
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Punjab National Bank
Tagline: The Name You Can Bank Upon
Headquarter: New Delhi
CEO and Managing Director: Atul Kumar Goel
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Bank of Baroda
Tagline: India’s International Bank
Headquarter: Vadodara
CEO: Debadatta Chand
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Bank of India
Tagline: Relationship beyond Banking
Headquarter: Mumbai
CEO and Managing Director: Shri Rajneesh Karnatak
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Central Bank of India
Tagline: Build a better life around us
Headquarter: Mumbai
CEO and Managing Director: Shri Matam Venkata Rao
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Canara Bank
Tagline: Together We Can
Headquarter: Bengaluru
CEO and Managing Director: Satyanarayana Raju
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Union Bank of India
Tagline: Good People to Bank with
Headquarter: Mumbai
CEO and Managing Director: A. Manimekhalai
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Indian Overseas Bank
Tagline: Good People to Grow with
Headquarter: Chennai
CEO and Managing Director: Ajay Kumar Srivastava
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Punjab & Sind Bank
Tagline: Where Service is a Way of Life
Headquarter: New Delhi
CEO and Managing Director: Swarup Kumar Saha
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Indian Bank
Tagline: Your Own Bank
Headquarter: Chennai
CEO and Managing Director: Shri Shanti Lal Jain
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UCO Bank
Tagline: Honours Your Trust
Headquarter: Kolkata
CEO and Managing Director: Ashwani Kumar
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Bank of Maharashtra
Tagline: One Family One Bank
Headquarter: Mumbai
CEO and Managing Director: Shri A S Rajeev
Private Sector Banks
Along with the 12 public banks, there are also several private sector banks in India. Following are the names of the major private banks, along with their tagline, headquarters, and heads:
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HDFC Bank
Tagline: The World’s Most Trusted Bank
Headquarter: Mumbai
CEO and Managing Director: Sashidhar Jagdishan
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ICICI Bank
Tagline: The Power of Potential
Headquarter: Mumbai
CEO and Managing Director: Sashidhar Jagdishan
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Axis Bank
Tagline: Together, we grow
Headquarter: Mumbai
CEO and Managing Director: Amitabh Chaudhry
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Kotak Mahindra Bank
Tagline: Building India’s Tomorrow
Headquarter: Mumbai
CEO and Managing Director: Uday Kotak
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Yes Bank
Tagline: The Future Bank
Headquarter: Mumbai
CEO and Managing Director: Prashant Kumar
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IndusInd Bank
Tagline: The Bank of Ideas
Headquarter: Mumbai
CEO and Managing Director: Sumant Kathpalia
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RBL Bank
Tagline: The Bank with a Heart
Headquarter: Mumbai
CEO and Managing Director: R Subramaniakumar
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Federal Bank
Tagline: The Bank with a Vision
Headquarter: Thrissur
CEO and Managing Director: Shyam Srinivasan
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South Indian Bank
Tagline: The Bank with a Smile
Headquarter: Thrissur
CEO and Managing Director: Shyam Srinivasan
Andhra Bank
Tagline: Where India Banks
Headquarter: Hyderabad
CEO and Managing Director: J. Packrisamay
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Bandhan Bank
Tagline: Aapka Bhala, Sabki Bhalai
Headquarter: Kolkata
CEO and Managing Director: Chandra Shekhar Ghosh
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Corporation Bank
Tagline: Prosperity for all
Headquarter: Mangalore
CEO and Managing Director: P V Bharathi
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Citi Union Bank
Tagline: Trust And Excellence since 1904
Headquarter: Tamil Nadu
CEO and Managing Director: Dr N. Kamakodi
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Dhanlaxmi Bank
Tagline: Tann Mann Dhan
Headquarter: Kerala
CEO and Managing Director: Shivan J K
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IDBI Bank
Tagline: Banking for All, Aao sochein Bada
Headquarter: Mumbai
CEO and Managing Director: Rakesh Sharma
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IDFC First Bank
Tagline: Always You First
Headquarter: Mumbai
CEO and Managing Director: V. Vaidyananthan
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Karnataka Bank
Tagline: Your Family Bank, Across India.
Headquarter: Mangaluru
CEO and Managing Director: M S Mahabaleshwara
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Karur Vysya Bank
Tagline: Smart way to Bank
Headquarter: Tamil Nadu
CEO and Managing Director: Mr. B. Ramesh Babu
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Lakshmi Vilas Bank
Tagline: The Changing Face Of Prosperity
Headquarter: Chennai
CEO and Managing Director: S Sundar
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Syndicate Bank
Tagline: Faithful and Friendly
Headquarter: Manipal
CEO and Managing Director: V G Mathew
