Public Sector Banks functioning in the country: Lok Sabha QA

Public Sector Banks functioning in the country at present and details of total number of accounts, total deposit and total advances, outstanding of PSBs: Lok Sabha QA

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES

LOK SABHA
UNSTARRED QUESTION NO.1996
To be answered on the March 13, 2023/Phalguna 22,1944 (Saka)

Public Sector Banks

1996. SHRIMATI SANGEETA AZAD:

Will the Minister of FINANCE be pleased to state:

(a) the number and names of Public Sector Banks (PSBs) functioning in the country at present;

(b) whether the Government has any statistics regarding total number of account holders, total deposits and total loans disbursed by each of these PSBs;

(c) if so, the details thereof for total number of account holders, total deposit and loans disbursed by each of these banks during the last five years, year and PSB-wise;

(d) whether the Government has received any representations or recommendations from any quarter to privatise PSBs in the country and if so, the details thereof; and

(e) the response of the Government thereto along with the steps taken by the Government in this regard?

ANSWER

THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KARAD)

(a) to (e): As per Reserve Bank of India, there are twelve public sector banks (PSBs) functioning in the country, names of which are at Annexure-I. Bank-wise and year-wise details of total number of accounts, total deposit and total advances, outstanding of PSBs as on 31st March of each of the last five years is at Annexure-II.

Representations or recommendations on various issues including, inter alia, privatisation of PSBs, received by the Government from time to time are examined suitably.

In the Union Budget for the financial year (FY) 2021-22, Government’s intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises was announced.

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Annexure-I

List of Public Sector Banks (PSBs) functioning in the country

Sr. No.	Name of the Bank
1.	Bank of Baroda
2.	Bank of India
3.	Bank of Maharashtra
4.	Canara Bank
5.	Central Bank of India
6.	Indian Bank
7.	Indian Overseas Bank
8.	Punjab National Bank
9.	Punjab & Sind Bank
10.	State Bank of India
11.	UCO Bank
12.	Union Bank of India

 

Annexure-II

Year-wise details of total number of accounts, total deposit and total advances, outstanding of PSBs as on 31st March of each of the last five years

a. Total deposits outstanding –

(amount in crore Rs.)

Bank Name	31-03-2018	31-03-2019	31-03-2020	31-03-2021	31-03-2022
Bank of Baroda1	8,54,733	9,15,159	9,45,984	9,66,997	10,45,939
Bank of India	5,20,854	5,20,862	5,55,505	6,27,114	6,27,896
Bank of Maharashtra	1,38,981	1,40,650	1,50,066	1,74,006	2,02,294
Canara Bank2	7,97,548	8,58,930	9,06,621	10,10,875	10,86,409
Central Bank of India	2,94,839	2,99,855	3,13,763	3,29,973	3,42,672
Indian Bank3	4,21,898	4,56,410	4,88,834	5,38,071	5,93,618
Indian Overseas Bank	2,16,832	2,22,534	2,22,952	2,40,288	2,62,159
Punjab and Sind Bank	1,01,726	98,558	89,668	96,108	1,02,137
Punjab National Bank4	9,78,899	10,43,659	10,71,569	11,06,332	11,46,218
State Bank of India	27,06,343	29,11,386	32,41,621	36,81,277	40,51,534
UCO Bank	1,81,849	1,97,907	1,93,203	2,05,919	2,24,073
Union Bank of India5	7,99,888	8,20,304	8,68,633	9,23,805	10,32,393

Source: Reserve Bank of India (Data is for Global operations)

Note –
1 Vijaya Bank and Dena Bank were amalgamated into Bank of Baroda w.e.f. 1st April, 2019.
2 Syndicate Bank was amalgamated into Canara Bank w.e.f. 1st April, 2020.
3 Allahabad Bank was amalgamated into Indian Bank w.e.f. 1st April, 2020.
4 Oriental Bank of Commerce and United Bank of India were amalgamated into Punjab National Bank w.e.f. 1st April, 2020.
5 Andhra Bank and Corporation Bank were amalgamated into Union Bank w.e.f. 1st April, 2020. Data provided is post-consolidation of data of above-mentioned banks.

b. Gross loans and advances outstanding –

(amount in crore Rs.)

Bank Name	31-03-2018	31-03-2019	31-03-2020	31-03-2021	31-03-2022
Bank of Baroda1	6,53,660	6,97,824	7,38,096	7,51,590	8,18,121
Bank of India	3,75,995	3,82,860	4,16,521	4,10,436	4,57,014
Bank of Maharashtra	94,645	93,467	94,889	1,07,654	1,35,240
Canara Bank2	6,24,190	6,61,364	6,60,717	6,75,155	7,41,147
Central Bank of India	1,77,484	1,67,729	1,72,244	1,76,913	1,89,716
Indian Bank3	3,29,161	3,51,448	3,68,663	3,90,317	4,15,625
Indian Overseas Bank	1,50,999	1,51,996	1,34,771	1,39,597	1,55,801
Punjab and Sind Bank	69,739	72,747	62,564	67,811	70,387
Punjab National Bank4	6,88,194	7,50,867	7,62,721	7,39,407	7,85,104
State Bank of India	20,48,387	22,93,454	24,22,845	25,39,393	28,18,671
UCO Bank	1,23,990	1,19,573	1,14,961	1,18,405	1,29,777
Union Bank of India5	6,06,400	6,39,130	6,66,117	6,53,684	7,16,408

Source: Reserve Bank of India (Data is for Global operations)

Note –
1. Vijaya Bank and Dena Bank were amalgamated into Bank of Baroda w.e.f. 1st April, 2019.
2. Syndicate Bank was amalgamated into Canara Bank w.e.f. 1st April, 2020.
3. Allahabad Bank was amalgamated into Indian Bank w.e.f. 1st April, 2020.
4. Oriental Bank of Commerce and United Bank of India were amalgamated into Punjab National Bank w.e.f. 1st April, 2020.
5. Andhra Bank and Corporation Bank were amalgamated into Union Bank w.e.f. 1st April, 2020. Data provided is post-consolidation of data of above-mentioned banks.

Source: Lok Sabha