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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.

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15y ago
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12y ago

state bank of India is not fully government but a quasi-government organization.at present 55% stake of state bank is owned by central government.until the government holds the 51% stake of this bank,it is considered as a "public sector bank" of India

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12y ago

state bank of India is a statuory corporation incorporated by a statute of parliament

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13y ago

SBI is Nationalised PSU Bank only.

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11y ago

yes

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Q: Is it union bank of India a government bank?
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Related questions

Which is the best bank among Allahabad bank and union bank of India?

union bank of India


What is the conclusion on union bank of India?

Union Bank of India, UBI is one of the major nationalized (government owned) banks in India that provides all banking services to the citizens of India. It was established in the year 1919 and has been providing banking services like bank accounts, loans etc. to the customers of the bank.


When was Union Bank of India created?

Union Bank of India was created in 1919.


What is Union Bank of India's population?

The population of Union Bank of India is 2,011.


How many government banks in India?

There are many government banks in India. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank


What is the name of the largest bank in India?

The largest bank in India is State Bank of India. State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.


Which branch has a slogan of Good People to bank with?

Good People to Bank with is the slogan of Union Bank of India. UBI is one of the major nationalized (government owned) banks in India that provides all banking services to the citizens of India.


Which those banks are fully 100 percent government bank?

There are many banks in India that are owned by the Government 1005. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank


Core banking solutions in union bank of India?

yes , in some of union bank of India branches CBS is there.


What is the bank of the government of India?

Reserve bank of India


Who is the lead bank of Ghazipur?

Union Bank of India


Union bank of India east delhi branches?

list of Branch of Union Bank of India near laxminager area