Top 10 public sector banks in India with highest account holders, deposits and loans

Top public sector banks in India ranked by account holders, deposits and loans. Check the latest PSU bank rankings and their latest financial performance.

2 min readUpdated: Jul 21, 2026 09:28 AM IST

India's top 10 Public Sector Banks ranked by customers, deposits and loan book (Image generated using AI)

Top 10 Public Sector Banks in India: The public sector banks (PSBs) play a crucial role in the country’s banking system, serving millions of customers while managing vast deposits and loan portfolios. Presently, 12 public sector banks are there in the country. These are – State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of India, Indian Bank, Central Bank of India, Bank of Maharashtra, Indian Overseas Bank, UCO Bank and Punjab & Sind Bank.

During the ongoing Monsoon Session of Parliament, Lok Sabha MP Manju Sharma asked the government to provide year-wise and bank-wise details of the total number of account holders, total deposits, and loans disbursed by each Public Sector Bank over the last five years. She also asked whether the government has received any representations or recommendations from any quarter regarding the privatization of Public Sector Banks in the country.

Responding to this, Union Minister of State (MoS) for Finance Pankaj Chaudhary said that there is currently no proposal under consideration by the government to privatize Public Sector Banks.

India’s 10 largest PSU banks by customers, deposits and loans

According to Chaudhary’s written statement on July 20, State Bank of India tops the list with 53.03 crore account holders, Rs 57.33 lakh crore in deposits, and Rs 41.90 lakh crore in outstanding credit (loans). The next largest banks are Punjab National Bank, Bank of Baroda, Union Bank of India, and Canara Bank. Here’s a look at the top 10 PSU banks ranked by account holders, deposits and loans:

Bank-wise: Account Holders, Total Deposits & Total Credit OutstandingLok Sabha Unstarred Q. No. 12 · 20.07.2026 · Source: Public Sector Banks

👤 No. of Account Holders (in Crores) 12 PSBs

Bank	2021-22	2022-23	2023-24	2024-25	2025-26
State Bank of India	46.77	48.27	50.23	52.33	53.03
Bank of Baroda	15.62	16.47	17.27	18.1	18.93
Punjab National Bank	17.81	18.47	19.32	17.68	18.53
Canara Bank	9.66	9.91	10.19	10.41	10.69
Union Bank of India	16.05	15.51	15.39	15.98	16.4
Bank of India	10.42	10.71	10.86	11.15	11.03
Indian Bank	9.52	9.88	10.19	9.59	9.49
Central Bank of India	7.14	7.44	7.73	7.96	8.25
Bank of Maharashtra	2.95	2.96	3.02	3.0	3.06
Indian Overseas Bank	3.58	3.63	3.75	4.13	4.45
UCO Bank	3.97	4.18	4.43	4.59	4.55
Punjab & Sind Bank	1.38	1.48	1.58	1.67	1.75

🏦 Outstanding Deposits (₹ Crore) 12 PSBs

Bank	2021-22	2022-23	2023-24	2024-25	2025-26
State Bank of India	39,20,201	42,53,571	47,24,336	51,66,863	57,32,960
Bank of Baroda	9,29,987	10,50,315	11,36,692	12,42,169	14,01,290
Punjab National Bank	11,25,049	12,51,708	13,33,365	15,11,336	16,49,060
Canara Bank	10,27,767	10,94,746	12,14,951	13,31,137	14,36,905
Union Bank of India	10,32,102	11,06,089	11,99,197	12,71,751	13,06,288
Bank of India	5,50,833	5,67,063	6,29,717	7,00,298	8,00,443
Indian Bank	5,84,661	6,08,027	6,61,826	7,02,966	7,89,283
Central Bank of India	3,42,692	3,59,296	3,85,011	4,12,697	4,67,923
Bank of Maharashtra	2,02,294	2,34,083	2,70,747	3,07,143	3,50,564
Indian Overseas Bank	2,56,890	2,54,324	2,78,968	3,03,415	3,59,032
UCO Bank	2,17,720	2,40,741	2,49,965	2,76,209	3,04,668
Punjab & Sind Bank	1,02,137	1,09,665	1,19,410	1,29,774	1,45,829

💳 Outstanding Credit (₹ Crore) 12 PSBs

Bank	2021-22	2022-23	2023-24	2024-25	2025-26
State Bank of India	24,06,761	27,76,802	32,28,448	36,01,620	41,89,686
Bank of Baroda	6,84,153	7,95,560	8,98,116	10,21,112	11,69,458
Punjab National Bank	7,59,214	8,49,766	9,42,391	10,66,048	11,92,950
Canara Bank	7,11,046	8,17,762	9,08,182	10,08,671	11,61,143
Union Bank of India	6,99,269	7,85,302	8,73,632	9,45,975	10,40,954
Bank of India	3,93,991	4,31,637	4,92,392	5,63,550	6,54,292
Indian Bank	3,95,698	4,43,921	4,98,160	5,46,283	6,17,485
Central Bank of India	1,89,712	2,17,779	2,51,745	2,90,101	3,44,516
Bank of Maharashtra	1,35,240	1,75,120	2,03,664	2,39,837	2,85,825
Indian Overseas Bank	1,43,202	1,73,669	2,00,697	2,33,501	2,94,405
UCO Bank	1,15,598	1,39,432	1,62,272	1,95,474	2,34,384
Punjab & Sind Bank	70,387	80,982	85,964	99,605	1,17,823

* Number of Account Holders in Crores | ** Outstanding Deposits and Outstanding Credit in Crores | *** Figures pertain to PSBs on domestic basis | Source: Public Sector Banks

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Anish Mondal

Anish Mondal is a journalist with over nine years of experience covering the railways and roadways. Currently a member of the Indianexpress.com editorial team, Anish specializes in high-impact sectors. Professional Journey Anish began his career at the public broadcaster Rajya Sabha Television (now Sansad TV), where he developed a foundational understanding of legislative processes and national governance. In 2018, he transitioned to digital financial journalism at FinancialExpress.com, spending nearly six years refining his expertise in market trends and corporate reporting. Before joining The Indian Express in 2025, he served as a key contributor at ETNowNews.com. Education & Expertise Anish’s reporting is backed by a rigorous academic background in communication and the humanities: Master of Journalism and Mass Communication (MJMC) – Apeejay Stya University Post Graduate Diploma in Journalism and Production (PGTVRJP) – Apeejay Institute of Mass Communication Bachelor of Arts (English Honours) – University of Calcutta Areas of Coverage Connectivity: Detailed reporting on the expansion of Indian Railways and National Highway networks. ... Read More

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