Yes. State Bank of India (SBI) is a public sector bank. It is also the largest bank in India that provides banking services to the citizens of India.

State Bank of India Group has 8 banks. They are:


State Bank of India (Parent Bank)

State bank of Bikaner & Jaipur

State bank of Hyderabad

State bank of Mysore

State bank of Indore

State bank of Patiala

State bank of Travancore and

State bank of Saurashtra
When was sbi nationalised?
State Bank of India (SBI) was the only public sector bank in India. SBI was nationalised in 1955 under the SBI Act of 1955.

Is sbi a public sector bank?
yes... all nationalised banks belongs to public sector banks...

Why do you want to join SBI?
it is leading bank in public sector

Which public sector bank of India has its largest number of branches in India?
SBI

How many public sector banks does India have?
26 (all 20 nationalised bank & sbi and its 5 associate bank)

What is the first public sector bank of India?
The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.

To study the working of commercial bank in India by sudying the working of branch office of any public sector commercial bank such as SBI?
study the working of a commercial banks in india by studying the working of the branch office of any public sector commercial banks

What is PSU banks?
Public Sector Bank of India..... PSU stands for Public Sector Undertaking. ...It also means that the Government owns that entity.... A Government owned bank is one that is fully owned by the national government.Which were nationalised in 1969..SBI,PNB,UNION BANK OF IND.BoB ETC are some solid psu....

Which bank is largest public sector bank?
State Bank of India is probably the largest public sector bank in the world. SBI and its subsidiary banks have more than 17,000 branches in India plus many more across the globe. I don't think any other bank in the world has so many branches. There are other banks in india & the world with thousands of branches but none with 17,000+ that are in operation.

Which is the oldest Public Sector Bank in India?
Allahabad Bank is the oldest Public Sector Bank in India.

Is SBI bank a nationalised bank?
No, SBI is not a nationalised bank. It is one of the greatest bank. It is a public bank but not a nationalised bank. Right now 19 banks were nationalised out of 20, in which SBI i.e. State Bank Of India is not included.

Which one is largest public sector bank in India?
State Bank of India is the largest public sector bank in India

What is the difference between a scheduled bank and public sector bank?
A scheduled bank is a private sector bank given a schedule status by the RBI while a Public sector bank is a government undertaking bank .Some scheduled bank were nationalised to merge with other public sector bank or operate independently as government undertaking banks.

What is difference between public sector bank and nationalised bank?
All the nationalised banks r public sector but all public sector banks r not nationalised

What is a difference between nationalized bank and public sector bank?
i think nationalised bank and public sector bank is same, there is no any difference . but i am confused

What is the meaning of other public sector bank?
other publick sector bank

Whether State Bank of India is Government Semi Government Quasi-Government organization?
The State Bank of India is the largest bank in India and second largest in the world. Its a Public Sector Bank with the Reserve Bank of India having 60% stake in it. SBI was natonalised in 1955 by the Government of India.

What do you want joint bank clerk?
i want to work in a well organised sector and sbi is a best plateform for this

Who is the present head of state bank of India?
Mr. O.P. Bhatt is the present Chairman (Head) of State Bank of India. SBI is the largest bank in India and is also the largest public sector bank in India. It has more than 16,000 branches in India which is the largest banking branch network in India.

Meaning of public sector bank?
A Public Sector bank is one in which, the Government of India holds a majority stake. It is as good as the government running the bank. Since the public decide on who runs the government, these banks that are fully/partially owned by the government are called public sector banks.

What is a difference between icici bank and Punjab national bank?
icici is a private sector bank,Punjab national bank is a public sector bank

Which is richest bank after rbi in India?
State Bank of India is the richest bank in India after RBI. Mr. O.P. Bhatt is the present Chairman (Head) of State Bank of India. SBI is the largest bank in India and is also the largest public sector bank in India. It has more than 16,000 branches in India which is the largest banking branch network in India.

How much govt holds stake in public sector?
A public sector bank in India is a bank that is fully or majorly owned by the government of India. The government in most cases owns 100% rights in the bank in some cases atleast 80% or more stake in the bank thereby making them a public sector or government owned bank.

Is Oriental Bank of commerce is a private sector?
No. Oriental Bank of Commerce is a Public Sector Bank. visit website for more details about this bank.

What is difference between a public sector bank and a private sector bank?
A public sector bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned...

Which was the first public sector mutual fund to set up after the Unit Trust Of India?
SBI mutual fund

Which was the first Indian public sector bank to launch the Visa card in India in 1981?
Andhra bank is the first Indian public sector bank to launch the visa card in India in 1981.

Which bank has been selected as the best public sector bank of India?
bank of baroda

Public sector bank?
Public Sector banks is a term that is used to refer to a type of bank in India. They deal with stocks and other financial matters ,they are mainly controlled by the government.

Where are the branches of state bank of India other than in India?
SBI is the largest public sector bank in India. They also have a strong international presence. Some countries where they have branches are: a. USA b. England c. Singapore d. Dubai e. Malaysia f. Hong Kong Etc

Why private bank sector are performing better than public bank sector?
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.

Is icici bank a private sector or public sector?
ICICI Bank is a private sector bank. ICICI Bank is India's largest private sector bank and is one of the top 5 big banks in the country. It has around 2000 branches across the country and serves millions of customers.

Which is the largest public sector commercial bank of India?
state bank of india

The largest public sector Commercial Bank of India is the?
State Bank Of India

Is allahabad bank a public sector bank?
Yes. Allahabad Bank is one of the largest public sector banks in India and was established way back in 1865. They have over 2000 branches in India and have their headquarters in Kolkata, India.

Define public sector bank?
A Public sector bank is a bank that is owned by the government. The government owns and controls the banks operations. The chairman, managing director and other senior officials of the bank are answerable to the ruling government regarding their functions and operations.

Which bank is not in private sector?
There are numerous banks in India. A bank that is not owned by a private individual or a company is not a private sector bank. Ex: A bank that is owned by the government is not a private sector bank and is called a public sector bank. Ex: 1. State Bank of India 2. Bank of Baroda 3. Indian Bank 4. Indian Overseas Bank 5. etc.

How many bank branches of State bank of India in India?
SBI is the largest bank in India and is also the largest public sector bank in India. It has more than 16,000 branches in India which is the largest banking branch network in India (more than 26000 if we include associate banks) To see the list of state bank of India branches, follow the link in related links section.

Routine Periodically for physically Handicapped person exempted transfer in public sector bank?
What No transfers for the disabled in public sector banks: HC

Is the State Bank of India a public sector undertaking?
Yes, it is . GoI shares are 63 % in SBI. It is established under THE STATE BANK OF INDIA ACT, 1955. The Central Government needs an amendment to this Act if want to reduce the stake to less than 51%. You can see the related link for details of its PSU and its classification.

Difference between nationalised bank and public sector bank?
They both mean the same. The terms Nationalized or Public Sector both refer to the same thing. A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks.

Why public bank is better than private bank?
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and ì½”ì¸ì¹´ì§€ë…¸ offers to customers and hence are growing at a faster pace than public sector banks.

Is Punjab National Bank a nationalised bank?
yes pnb bank is nationalised bank of india,because it is the public sector bank.

Is canara bank is private or government bank?
Canara Bank is a public Sector Bank meaning that it is owned largely by GOI.

Public sector banks in India?
State Bank of India

SWOT analysis of public sector bank?
This is a statement not a question.

Is SBI anationalised bank?
yes Sbi is a nationalised bank

Is sbi nationalised bank?
Sbi is governed under SBI act ,it cannot be said as Nationalised Bank

What is the ifsc code of sbi bhilai?
SBIN0000330 is the IFSC of SBI Bhilai Sector 1.

What is the benefit to join public sector bank over private sector bank?
The key benefit is the fact that you become a government employee because the government owns the public sector banks. So, you get all the benefits that government employees get and also you'll be eligible for a pension after you retire.

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