Among the Public Sector Banks in India, United Bank of India is one of the 14 major banks which were

nationalised 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. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union
Bank Ltd. (1922) and Hooghly Bank Ltd. (1932).

Oriental Bank of Commerce (OBC), a Governmet of India Undertaking offers Domestic, NRI and Commercial banking
services. OBC is implementing a GRAMEEN PROJECT in Dehradun District (UP) and Hanumangarh District (Raiasthan)
disbursing small loans. This Public Secotor Bank India has implemented 14 point action plan for strengthening of credit
delivery to women and has designated 5 branches as specialized branches for women entrepreneurs. 

The term public sector banks is used commonly in India. This refers to banks that have their shares listed in
the stock exchanges NSE and BSE and also the government of India holds majority stake in these banks. 

They can also be termed as government owned banks. 

Ex: State bank of India

he part of the economy that is not state controlled, and is run by individuals and companies for profit. The
private sector encompasses all for-profit businesses that are not owned or operated by the government.
Companies and corporations that are government run are part of what is known as the public sector, while
charities and other nonprofit organizations are part of the voluntary sector.

Investopedia Says:
In most free-market economies, the private sector is the sector where most jobs are held. This differs
from countries where the government exerts considerable power over the economy, like in the People's
Republic of China. The Bureau of Labor Statistics tracks and reports both private and public unemployments
rates for the U.S.

Re

he part of the economy that is not state controlled, and is run by individuals and companies for profit.
The private sector encompasses all for-profit businesses that are not owned or operated by the
government. Companies and corporations that are government run are part of what is known as the
public sector, while charities and other nonprofit organizations are part of the voluntary sector.

Investopedia Says:
In most free-market economies, the private sector is the sector where most jobs are held. This differs
from countries where the government exerts considerable power over the economy, like in the
People's Republic of China. The Bureau of Labor Statistics tracks and reports both private and public
unemployments rates for the U.S.

Re

vDefinition
noun
 one of the parts of the economy of a country, which itself is made
up of thecorporate sector (firms owned by private shareholders),
the personal sector (individuals and their income and expenditure),
and the financial sector (banks and
other institutions dealing in money)
Examples The expansion is completely funded by the private sector. • Salaries
in the private sector have increased faster than in the public sector.
"…in the private sector the total number of new house starts was 3 per
cent higher than in the corresponding period last year, while public sector
starts were 23 per cent lower" [Financial Times]