What is PSB?

PSB stands for (Public Sector Bank) where the majority of the stake in the bank is held by the government. These banks are also listed on the stock exchanges for the public to buy the shares of these banks. In India, a majority of the banks are the public sector banks with a total of 18.

Some of the major PSBs in India are

• State Bank of India,
• Union Bank of India,
• Punjab National Bank,
• Indian Overseas Bank,
• Canara Bank,
• Indian Bank,
• Central Bank of India, and Bank of Baroda.