The Function of Public Sector Banks

Introduction

Among the Public Sector Banks in India, United Bank of India is one of the 14 major banks which were nationalized on July 19, 1969. Its predecessor, in the Public Sector Banks, the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Camilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Camilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932).

State Bank Of India

SBI has been quick to understand that the current scenario of banking in India is changing, it is not the same anymore, the public has various options to choose from with not much differences in the saving rates and other rates too, they needs to come up something that people are attracted to it, it should be something that differentiates itself from other banks.

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