ENTREPRENEURSHIP

Detailed explanation-1: -At present, there are 21 private banks in India, as of 1 March 2023.

Detailed explanation-2: -The 14 private banks which were nationalized in 1969 are Allahabad Bank, UCO Bank, Canara Bank, United Bank of India, Central Bank of India, Syndicate Bank, Indian Overseas Bank, Bank of Baroda, Punjab National Bank, Dena Bank, Bank of India, Bank of Maharashtra, Indian Bank, and Union Bank.

Detailed explanation-3: -Currently, there are a total of 34 nationalized banks in India of which 12 are Indian government banks and the rest 22 are private sector banks. Below is a list of all banks in India.

Detailed explanation-4: -At present, there are 12 public sector banks in India. While the bank’s shareholders hold the majority of stakes in private sector banks, the majority in public sector banks are held by the government. At present, there are 21 private sector banks in India.

Detailed explanation-5: -State Bank of India (SBI) Housing Development Finance Corporation (HDFC) Bank. Industrial Credit and Investment Corporation of India (ICICI) Bank. Dena Bank. Corporation Bank.