List of Top 10 Public Sector Banks in India 2025

As of 2025, India's public sector banks and their functions continue to complement the financial sector well. Public sector banks, as they are commonly referred to, and their banks continue to spur economic growth. Their functions in the domain of financial inclusion and in maintaining banking sector stability are well appreciated.

What Are Public Sector Banks?

Public Sector Banks (PSBs) are the financial institutions where the government holds a controlling stake of over 50 percent of the shares. By default, the government also controls the direction and policies of these banks. They are fundamentally important to India’s economy because they allow banking services to all people, including individuals, micro, small, and medium enterprises, large corporations, and even government departments. 

Evolution of Public Sector Banks in India

India has witnessed the evolution of public sector banks since the early 20th century. Post-independence, the government assumed control of the country’s major banks to better manage the sectors of the economy to ensure the greater good of the country. The strategic decision was intended to make credit and banking services available to all citizens, especially the neglected and unbanked populace. Government banks have evolved over the years as they adopt new technologies, improve services, and support the economic development of the country.

Features of Public Sector Banks 

• Public sector banks are controlled and owned by the government. 

• They offer banking services to individuals, firms, and the government. 

• They have a wide network of branches in different cities, towns, and villages. 

• Their focus is to ensure financial access to every segment of society.

• They provide loan accounts, credit cards, and investment facilities. 

• They adhere to the government’s policies and regulations. 

• They assist in the implementation of government and social welfare projects. 

• For their clientele, they are regarded as reliable and secure. 

• They are adopting new technologies for mobile and web banking. 

• They help in the development of the nation’s economy.

Top 10 Public Sector Banks in India 2025

India’s banking system is largely driven by public sector banks. Alongside the services offered by private banks, these institutions provide an inclusive suite of financial services aimed at satisfying the needs of all types of clients. By providing banking services to a greater population, public sector banks foster economic development and maintain the stability of the banking sector. The top 10 public sector banks in India 2025 include:

1. State Bank of India (SBI)

2. Punjab National Bank (PNB)

3. Bank of Baroda (BoB)

4. Union Bank of India

5. Canara Bank

6. Indian Bank

7. Bank of India (BoI)

8. Bank of Maharashtra (BoM)

9. UCO Bank

10. Central Bank of India

Top 3 Public Sector Banks in India

In 2025, the government banks in India will remain distinguished owing to their intact government support, expansive branch networks, and reliable services. Let's understand about the 3 top public sector banks in India in detail:

1. State Bank of India (SBI)

The State Bank of India is the country’s largest financial institution, with over 22,000+ branches. It offers personal banking services such as savings accounts and loan products, as well as NRI and corporate banking. Its online and mobile banking systems are extremely advanced and widely used. Millions of users trust the bank’s systems and leverage its infrastructure. It actively works towards bringing financial services to the most distant towns and villages and leads in digital transformation in banking.  

2. Punjab National Bank (PNB)  

Founded in 1894, the Punjab National Bank has steadily grown to be one of the leading financial institutions in India. With more than 10,000 branches, PNB also facilitates savings accounts, loans, and online banking services. The bank also adds value to enterprises and public sector undertakings. PNB has built a reputation as a trustworthy organisation known for its sincere customer care. It strives to make banking accessible for all and extends its services to remote and underserved regions.

3. Bank of Baroda (BoB)

Founded in 1908, Bank of Baroda is one of the leading public sector banks of India. It has nearly 8,000 branches in the country. BoB assists clients with savings accounts and loans, as well as with online banking. The bank also caters to the needs of large corporations and overseas clients. The bank has a reputation for good customer relations and security. BoB endeavours to simplify banking for all, including the inhabitants of remote towns and rural areas.

Conclusion 

India’s public sector banks provide dependable banking services and champion financial inclusion, easing money management for both individuals and enterprises. The top 10 public sector banks in India dominate the banking sector by offering savings accounts, loans, digital banking, and various investment products. 

At My Mudra, our goal is to share knowledge on financial institutions and the banking system of India. This aids one in making the right financial decisions and taking the fullest advantage of the public sector banks.

Also Read:
- List of Small Finance Bank Personal Loan in 2025
- List of Government Banks in India 2025