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Exambin presents the list of Public sector banks in India and their headquarters along with their taglines and year of establishment.In addition to this we have also mentioned the proposed merger of SBI’s associate banks and Bhartiy Mahila Bank with state bank of India.We also explained that how this merger will affect the condition of Indian banking. The list can be useful for students preparing for competitive exams.

Banks

Head Quarters

Tagline

Establishment

Allahabad BankKolkataA Tradition of TrustApril 24, 1865
Andhra BankHyderabadWhere India banksNov 20, 1923
Bank Of BarodaVadodara (Baroda)India’s International BankJuly 20, 1908
Bank Of IndiaMumbaiRelationship Beyond BankingSep 7, 1906
Bank Of MaharashtraPuneOne Family One Bank1935
Canara BankBengaluruTogether We Can1969 (Canara Bank Ltd. in 1910)
Central Bank Of IndiaMumbaiBuild A Better Life Around UsDec 21, 1911
Corporation BankMangaloreProsperity For AllMar 12, 1906
Dena BankMumbaiTrusted Family Bank1938
IDBI Bank  MumbaiBanking for all / Aao Sochein BadaJuly 1964
Indian BankChennaiYour Tech-Friendly BankAug 15, 1907
Indian Overseas BankChennaiGood People to Grow WithFeb 10, 1937
OBCNew DelhiWhere Every Individual is CommittedFeb 19, 1943
Punjab National BankNew DelhiThe Name You Bank UponMay 19, 1894 (founder – Lala Lajpat Rai)
Syndicate BankManipalYour Faithful And Friendly Financial Partner1925
UCO BankKolkataHonours Your TrustJan 6, 1943
Union Bank Of IndiaMumbaiGood People to Bank WithNov 11, 1919
United Bank Of IndiaKolkataThe bank that begins with “U”Nov 11, 1919
Vijaya BankBengaluruA Friend You Can Bank Upon1931

Structure of Banking Sector in India

SBI management decided to merge its 5 other associated banks and the Union cabinet on 15 June 2016 approved this merger. The proposed merger will likely create one of the largest lenders in Asia. List of associate banks is given below:

Bank

Headquarter

Tagline

Establishment

 

State Bank of IndiaMumbaiPure Banking Nothing Else,With You-All The WayJuly 1, 1955 (earlier Imperial Bank of India)
State Bank Of MysoreBengaluruWorking For A Better Tomorrow1913
State Bank Of  HyderabadHyderabadYou Can Always Bank on usAugust  8, 1941
State Bank Of  PatialaPatialaBlending Modernity With Tradition1948
State Bank Of TravancoreThiruvananthapuramA Long Tradition Of TrustSeptember 12, 1945
State Bank of Bikaner & Jaipur (SBBJJaipurThe Bank with a vision.1963

The merged entity will create a banking behemoth, which can compete with the largest in the world, with an asset base of Rs 37 lakh crore or over USD 432 billion. SBI alone has close to 16,500 branches, including 191 foreign offices, spread across 36 countries.

The current status of the SBI associated banks is:

After the merger of the associated banks of the SBI, the status of State Bank of India at the world level will be as: