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Important Information about 19 Nationalized Banks in India

We have given here most important information about 19 public sector banks in India like year of establishment, year of nationalization, head office, founder, old name, share capital, total capital of 19 nationalized banks of India. These may be asked in IBPS, SBI, RBI and other recruitment exams and you are required to have clear knowledge about each of the public sector banks (PSBs) of India. So, go through it.





Year of Establishment & Nationalization, Head Office, Capital, Founder of 19 Nationalized Banks of India


Here we are giving individual bank-wise detailed information. 

Allahabad Bank
  • Year of Establishment: 1865
  • Nationalized on: 19th July, 1969
  • Head Office: Kolkata, West Bengal
  • Share Capital: 55.23 percent

Andhra Bank
  • Year of Establishment: 1923
  • Nationalized on: 15th April, 1980
  • Founder: P. Sitaramaiya
  • Head Office: Hyderabad, Andhra Pradesh
  • Share Capital: 62.50 percent
  • Capital: Rs. 48 Crores

Bank of Baroda
  • Year of Establishment: 1908
  • Nationalized on: 19th July, 1969
  • Founder: MaharajanSayajirao-III
  • Head Office: Baroda, Gujarat
  • Share Capital: 66.81 percent
  • Capital: Rs. 619 Crores

Bank of India
  • Year of Establishment: 1906
  • Nationalized on: 19th July, 1969
  • Founder: Businessmen of Bombay
  • Head Office: Mumbai, Maharashtra
  • Share Capital: 69.47 percent
  • Capital: Rs. 1554 Crores

Bank of Maharashtra
  • Year of Establishment: 1935
  • Nationalized on: 19th July, 1969
  • Head Office: Pune, Maharashtra
  • Share Capital: 76.77 percent
  • Capital: Rs. 280 Crores

Canara Bank
  • Old Name: Canara Bank Hindu Permanent Fund
  • Year of Establishment: 1906
  • Nationalized on: 19th July, 1969
  • Founder: A. Subbarao Pai
  • Head Office: Bangalore, Karnataka
  • Share Capital: 73.17 percent
  • Capital: Rs. 1125 Crores

Central Bank of India
  • Year of Establishment: 1911
  • Nationalized on: 19th July, 1969
  • Founder: Sorabjee Pocjkhanwala
  • Head Office: Mumbai, Maharashtra
  • Capital: RS. 814 Crores

Corporation Bank
  • Year of Establishment: 1906
  • Nationalized on: 15th April, 1980
  • Founder: Khan Bahadur Haji Abdullah Haji Kasim Sahib Bahadur
  • Head Office: Mangalore, Karnataka
  • Share Capital: 57.17 percent
  • Capital: Rs. 206.80 Crores

Dena Bank
  • Year of Establishment: 1938
  • Nationalized on: 19th July, 1969
  • Founder: Pran Lal Devkaran Nanji
  • Old Name: Devkaran Nanji Banking Company Ltd.
  • Head Office: Mumbai, Maharshtra
  • Share Capital: 51.10 percent
  • Capital: Rs. 591 Crores

Indian Bank
  • Year of Establishment: 1907
  • Nationalized on: 19th July, 1969
  • Founder: Annamalai and Ramaswami Chettiyar
  • Head Office: Chennai, Tamil Nadu
  • Capital:  Rs. 418 Crores

Indian Overseas Bank
  • Year of Establishment: 1937
  • Nationalized on: 19th July, 1969
  • Founder: M. Chidambaram Chettiyar
  • Head Office: Chennai, Tamil Nadu
  • Share Capital: 75 percent
  • Capital:  Rs. 319 Crores

Oriental Bank of Commerce
  • Year of Establishment: 1943
  • Nationalized on: 15th April, 1980
  • Founder: Ram Bahadur Lala Sohan Lal
  • Head Office: New Delhi
  • Share Capital: 66.50 percent
  • Capital:  Rs. 327 Crores

Punjab and Sindh Bank
  • Year of Establishment: 1908
  • Nationalized on: 19th July, 1969
  • Founder: Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh
  • Head Office: New Delhi

Punjab National Bank
  • Year of Establishment: 1895
  • Nationalized on: 19th July, 1969
  • Founder: Lala Lajpat Rai
  • Head Office: New Delhi
  • Share Capital: 57.79 percent
  • Capital: 119 Crores

Syndicate Bank
  • Year of Establishment: 1925
  • Nationalized on: 19th July, 1969
  • Founder: U.S. Pai, Vaman Kudwa and T.M.A. Pai
  • Head Office: Manipal, Karnataka
  • Share Capital: 73.52 percent
  • Capital: Rs. 425 Crores

UCO Bank
  • Year of Establishment: 1943
  • Nationalized on: 19th July, 1969
  • Founder: Ghanashyam Das Birla
  • Old Name: United Commercial Bank Ltd.
  • Head Office: Kolkata, WB
  • Share Capital: 74.98 percent
  • Capital: Rs. 810 Crores

Union Bank of India
  • Year of Establishment: 1919
  • Nationalized on: 19th July, 1969
  • Head Office: Mumbai, Maharashtra
  • Share Capital: 60.85 percent
  • Capital: Rs. 1375 Crores

United Bank of India
  • Year of Establishment: 1950
  • Nationalized on: 19th July, 1969 
  • Head Office: Kolkata, WB
  • Old Name: Bengal Central Bank Ltd.
  • Capital: Rs. 277 Crores

Vijaya Bank
  • Year of Establishment: 1931
  • Nationalized on: 15th April, 1980
  • Founder: A. B. Shetty
  • Head Office: Bangalore, Karnataka
  • Share Capital: 53.87 percent
  • Capital: Rs. 77.50 Crores

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