public sector banks in india / 21 Public sector banks

 📍PUBLIC SECTOR BANK 

💡In these banks, the majority of shares (more than 50%) are held by Government.

💡Currently, in India, there are 21 Public sector banks after the merger of SBI with their associate banks and Bhartiya Mahila Bank (BMB).

The Nationalisation of banks was done by government in two stages:

💡The first stage of nationalization took place in July 1969, in which fourteen banks were nationalized.

💡The second stage of nationalization of Banks took place in April 1980, in which six banks were nationalized.