Top Government Bank in India 2020 | PSU Public banks

This is about the List of Top Government bank in India based on the turnover. The Indian banking system consists of 12 Government banks ( Public Sector Banks ), 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions. India’s retail credit market is the fourth largest in emerging countries. It Stood at US$ 281 billion in 2018.

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List of Top Public sector Government bank in India
Here is the list of Top Government banks ( Public Sector Banks ) in India sorted out based on Total Sales. The list is arranged in Descending Order

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5. Bank of India
Bank of India was founded on 7th September 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks. The Bank has over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices and 8 NBG Offices. There are 60 branches/ offices and 5 Subsidiaries and 1 joint venture abroad.

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Total Sales: Rs 42,208 Cr
Profit: -4,020 Cr
Market Cap: 23,528 Cr.
ROE: -14.68 %
Sales Growth (3Yrs): -0.87 %
Promoter holding: 89.10 %
Debt to equity: 13.18
Price to book value: 0.55
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The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008. Presently Bank has overseas presence in 18 foreign countries spread over 5 continents – with 52 offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture, at key banking and financial centers viz., Tokyo, Singapore, Hong Kong, London, Paris and New York (as per the trail mail from International Dept).

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