Public Sector Banks of India

E592563

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.

All labels observed (1)

Label Occurrences
Public Sector Banks of India canonical 1

How this entity was disambiguated

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 ⓘ
Banking Regulation Act, 1949 ⓘ
historicalOrigin nationalization of banks in 1969 ⓘ
second phase of bank nationalization in 1980 ⓘ
implementsScheme Direct Benefit Transfer ⓘ
Kisan Credit Card scheme ⓘ
Pradhan Mantri Awas Yojana related credit-linked subsidy ⓘ
Pradhan Mantri Jan Dhan Yojana ⓘ
Pradhan Mantri Mudra Yojana ⓘ
Stand-Up India scheme ⓘ
includes Bank of Baroda ⓘ
Bank of India ⓘ
Bank of Maharashtra ⓘ
Canara Bank ⓘ
Central Bank of India ⓘ
Indian Bank ⓘ
Indian Overseas Bank ⓘ
Punjab National Bank ⓘ
Punjab and Sind Bank ⓘ
State Bank of India ⓘ
UCO Bank ⓘ
Union Bank of India ⓘ
majorityOwnershipBy Government of India ⓘ
objective ensure credit availability to underserved regions ⓘ
support economic development ⓘ
owner Government of India ⓘ
policyDirectionBy Government of India ⓘ
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 ⓘ
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 ⓘ
linked to: Ministry of Finance
underwent consolidation and merger programs after 2017 ⓘ

How these facts were elicited

Referenced by (1)

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

Ministry of Finance (India) → oversees → Public Sector Banks of India ⓘ
subject linked to: Ministry of Finance