Public Sector Banks of India

E592563

banking sector category government-owned commercial banks

Public Sector Banks of India are government-owned commercial banks that dominate the country’s banking system by providing retail and corporate financial services under majority ownership and policy direction of the Indian government.

Try in SPARQL Jump to: Statements Referenced by

Statements (52)

Predicate	Object
instanceOf	banking sector category ⓘ government-owned commercial banks ⓘ
characteristic	listed on Indian stock exchanges ⓘ majority government shareholding of 51 percent or more ⓘ
country	India ⓘ
dominates	Indian banking system ⓘ
governedBy	Banking Companies (Acquisition and Transfer of Undertakings) Acts NERFINISHED ⓘ Banking Regulation Act, 1949 NERFINISHED ⓘ
historicalOrigin	nationalization of banks in 1969 ⓘ second phase of bank nationalization in 1980 ⓘ
implementsScheme	Direct Benefit Transfer NERFINISHED ⓘ Kisan Credit Card scheme NERFINISHED ⓘ Pradhan Mantri Awas Yojana related credit-linked subsidy ⓘ Pradhan Mantri Jan Dhan Yojana NERFINISHED ⓘ Pradhan Mantri Mudra Yojana NERFINISHED ⓘ Stand-Up India scheme NERFINISHED ⓘ
includes	Bank of Baroda NERFINISHED ⓘ Bank of India NERFINISHED ⓘ Bank of Maharashtra NERFINISHED ⓘ Canara Bank NERFINISHED ⓘ Central Bank of India NERFINISHED ⓘ Indian Bank NERFINISHED ⓘ Indian Overseas Bank NERFINISHED ⓘ Punjab National Bank NERFINISHED ⓘ Punjab and Sind Bank NERFINISHED ⓘ State Bank of India NERFINISHED ⓘ UCO Bank NERFINISHED ⓘ Union Bank of India NERFINISHED ⓘ
majorityOwnershipBy	Government of India NERFINISHED ⓘ
objective	ensure credit availability to underserved regions ⓘ support economic development ⓘ
owner	Government of India NERFINISHED ⓘ
policyDirectionBy	Government of India NERFINISHED ⓘ
providesService	agricultural finance ⓘ corporate banking ⓘ deposit accounts ⓘ loan products ⓘ payment and settlement services ⓘ priority sector lending ⓘ retail banking ⓘ small and medium enterprise finance ⓘ
regulatedBy	Reserve Bank of India NERFINISHED ⓘ
role	credit delivery to priority sectors ⓘ financial inclusion ⓘ implementation of government schemes ⓘ mobilization of savings ⓘ
sector	banking ⓘ
subjectTo	capital adequacy requirements ⓘ government recapitalization policies ⓘ prudential norms of Reserve Bank of India ⓘ
supervisedBy	Ministry of Finance, Government of India NERFINISHED ⓘ
underwent	consolidation and merger programs after 2017 ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ministry of Finance → oversees → Public Sector Banks of India ⓘ

subject surface form: Ministry of Finance (India)