Nationalized banks in India, dominate the banking sector. Nationalization of banks in India dates from the history of the mid-20. Century, when the Imperial Bank of India under the 1955 Act) and again in July 1955 the State Bank of India (SBI), the name of (the State Bank of India was nationalized. Then, on 19 July 1960, seven more than 200 subsidiaries crore with deposits were nationalized. It SBI subsidiary State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBIR), State Bank of Mysore (SBM), State Bank of of Patiala (SBP), were the State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT) of the.

But, then Prime Minister Indira Gandhi nationalized the largest banks in 1969. The main objective of nationalization for Indian farmers and rural areas in the cheap financing of the expansion was to the banking infrastructure. 14 major banks, Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank to Bank, Bank of India, Indian Overseas Bank Oriental Bank of Commerce of the nationalization of (OBC), Punjab and is the Bank, Punjab National Bank (BSP), Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India (UBI) and Vijaya Bank.