The Central Government entered the banking business with the nationalization of the Imperial Bank of India in 1955. A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India. The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. WebJan 18, 2024 · Punjab & Sind Bank. 7877. -39.2. -14.9. List of Top Government Bank in India 2024 (Public Sector Banks) 2. Punjab National Bank. Punjab National Bank commenced its operations on April 12, 1895, from Lahore. During the long history of the Bank, 7 banks have merged with PNB.
State Bank of India: net profit 2024 Statista
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In 2024, India
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