Public sector banks details

By Rohith Garrepally|Updated : July 15th, 2021

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HISTORY, HEAD QUARTERS, MERGER, LOGO ,MD/CEO OF PUBLIC SECTOR BANKS
The word bank is derived from french language " banque" which means money exchange table
First Bank of India named hindustan established in the year 1770
Before emerging of bank there "hundi" system it is the oral or written agreement to transfer money it is informal
RESERVE BANK OF INDIA
Reserve Bank of India is the central bank of india. it is established in the year 1935 April 1st with 5 crores
First RBI governor sir O Smith
Recently it completed 86 year and it head quarters at Mumbai.
It was nationalised in the year 1949
It regulates all banks in India
Types of bank
Commercial banks
Co-operative Bank
Investment banks
Shadow bank
Retail back etc...
In the year 1969 14 banks were nationalised
Types of accounts
Saving account
Fixed deposit
Recurring deposit
Current account
NRI account
Salary account
There are 12 public sector banks in India they are
1)State Bank of India: found in the year 1955
Head quarters : Mumbai
Tagline-WITH YOU ALL THE WAY
2)PURE BANKING NOTHING ElSE
3)NATION BANKS ON US
4)A BANK OF THE COMMON MAN
5)THE BANKER TO EVERY INDIAN
6) SURAKSHA OR BHAROSHA DONO

MD/CEO :1)Shri C.S. Setty Managing Director
2) Shri RAMA MOHAN RAO Managing Director
3)Shri Swaminathan J.

Largest bank of india

2)Bank of Baroda: tagline" India's International Bank".
MD AND CEO: Sanjiv chanda
Head quarters: Vadodara
MERGER- DENA AND VIJAYA BANK

3)Bank of India: head quarters: Mumbai
CEO/MD-atnu kumar das
TAG LINE- RELATIONSHIP BEYOND BANKING

4)Bank of Maharashtra : head quarters :pune
CEO/mD-A.S RAJEEV
Tagline -ONE FAMILY ONE BANK

5)Bank of canara: head quarters : banglore
Tagline -Together We can
CEO/MD: Lingam Venkata prabhakar
Merger: sindicate bank

6)Central Bank of India: head quarters: Mumbai
Tagline- BUILD A BETTER LIFE AROUND US
Central to you since 1911
CEO/mD: shri pallav Mohapatra

7)Indian Bank: head quarters : chennai
Tagline- YOUR OWN BANK
CEO/mD - padmaja chunduru
Merger- ALLAHABAD BANK

8)Indian overseas Bank : head quarters: chennai
Tagline- GOOD PEOPLE To GROW WITH
CEO/MD- p.psengupta

9)Punjab National Bank : Head quarters: New Delhi
Tagline- A NAME YOU CAN BANK UPON
CEO/MD- Mallikarjuna rao
Merger: 1)oriental Bank of India 2) United Bank of India
Second largest bank