A government bank, also known as a public sector bank or nationalized bank, is a financial institution owned and controlled by the government. The government typically holds a majority shareholding, often over 50%, according to Investopedia. These banks are established to serve public interests and often prioritize social welfare alongside profitability, according to a financial website.
Government Ownership:
The primary characteristic of a government bank is that the government, either at the state or federal level, owns a significant portion of its shares, typically more than half.
Public Interest Focus:
These banks are often mandated to serve public interests, such as promoting financial inclusion, supporting economic development, or providing affordable banking services to all citizens.
Financial Regulation:
Public sector banks are subject to regulations and oversight by the government, which may include setting financial policies, providing financial support, and ensuring stability.
Here we have provided the links of all 12 Government banks and Postal Bank also. You can easily and quickly visit to any public sector bank's official website by just clicking on their icon provide below and easily get your required information from any bank.