Difference Between Private and Government Indian Banks

 

The following characteristics would clarify the distinction between banks in the private and Government (PSU) Banks:

1. The government owns major shares in public sector banks, whereas private stockholders own the shares in private sector banks.
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4. Public sector banks own a total chunk of 72.9% of the market share, while private sector banks hold a share of 19.7%. Therefore, public sector banks control most of the Indian banking industry.
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6. Public sector banks have a substantially larger customer base than commercial banks.
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8. Compared to private banks, public sector banks have much greater transparency regarding their interest rate policy.
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10. Deposit interest rates offered by the public sector banks are greater than those in private sector banks.

Both public and private sector banks offer safe banking activities throughout India. However, the public sector banks, which are nationalized banks, are safest in terms of banking in India. 

There are 12 nationalized banks in India, including the State Bank of India, Punjab National Bank, Bank of Baroda, and Bank of India.

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Banks' Balance Check USSD Codes and Short Names

 

To use *99# USSD banking, balance enquiry service and many other banking facilities, you need to provide bank short name or balance checking code or first 4 character of IFSC code.

So here are list of all codes for 51 banks in one place.

No.	Bank Name	Short Name	Balance check USSD Code	IFSC Code
1.	Abhyudaya Co-operative Bank	ACB	*99*87#	ABHY
2.	Allahabad Bank	ALB	#99*54#	ALLA
3.	Andhra Bank	ANB	*99*59#	ANDB
4.	Apna Sahakari Bank	APN	*99*85#	ASBL
5.	Axis Bank	AXB	*99*45#	UTIB
6.	Bank of Baroda	BOB	*99*48#	BARB
7.	Bank of India	BOI	*99*47#	BKID
8.	Bank of Maharashtra	BOM	*99*61#	MAHB
9.	Bhartiya Mahila Bank	BMB	*99*86#	BMBL
10.	Canara Bank	CNB	*99*46#	CNRB
11.	Central Bank of India	CBI	*99*51#	CBIN
12.	Corporation Bank	CRB	*99*57#	CORP
13.	DCB Bank	DCB	*99*65#	DCBL
14.	Dena Bank	DNB	*99*78#	BKDN
15.	Federal Bank	FBL	*99*72#	FDRL
16.	Gujarat State Co-operative Bank	GSC	*99*90#	GSCB
17.	Hasti Co-op Bank	HCB	*99*89#	HCBL
18.	HDFC Bank	HDF	*99*43#	HDFC
19.	ICICI Bank	ICI	*99*44#	ICICI
20.	IDBI Bank	IDB	*99*49#	IBKL
21.	Indian Bank	INB	*99*58#	IDIB
22	Indian Overseas Bank	IOB	*99*52#	IOBA
23.	IndusInd Bank	IIB	*99*69#	INDB
24.	ING Vysya Bank	ING	NA	VYSA
25.	Janata Sahakari Bank	JSB	*99*81#	JSBP
26.	Karnataka Bank	KTB	*99*76#	KARB
27.	Karur Vysya Bank	KVB	*99*75#	KVBL
28.	Kotak Mahindra Bank	KMB	*99*68#	KKBK
29.	Mehsana Urban Co-operative Bank	MUC	*99*82#	MSNU
30	Nainital Bank	NTB	*99*80#	NTBL
31.	NKGSB Co-operative Bank	NGB	*99*83#	NKGS
32.	Oriental Bank of Commerce	OBC	*99*53#	ORBC
33.	Punjab & Maharashtra Co-operative Bank	PMC	*99*88#	PMCB
34.	Punjab & Sind Bank	PSB	*99*71#	PSIB
35.	Punjab National Bank	PNB	*99*42#	PUNB
36.	RBL Bank	RBL	*99*79#	RATN
37.	Saraswat Bank	SRC	*99*84#	SRCB
38.	State Bank of Bikaner & Jaipur	SBJ	*99*70#	SBBJ
39.	State Bank of Hyderabad	SBH	*99*60#	SBHY
40.	State Bank of India	SBI	*99*41#	SBIN
41.	State Bank of Mysore	SBM	*99*73#	SBMY
42.	State Bank of Patiala	SBP	*99*62#	STBP
43.	State Bank of Travancore	SBT	*99*67#	SBTR
44.	Syndicate Bank	SYB	*99*55#	SYNB
45.	Tamilnad Mercantile Bank	TMB	*99*77#	TMBL
46.	The South Indian Bank	SIB	*99*74#	SIBL
47.	UCO Bank	UCO	*99*56#	UCBA
48.	Union Bank of India	UOB	*99*50#	UBIN
49.	United Bank of India	UBI	*99*63#	UTBI
50.	Vijaya Bank	VJB	*99*64#	VIJB
51	Yes Bank	YBL	*99*66#	YESB

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