<Li> State Bank of India (SBI) (61.23%) </Li> <P> The Central Government entered the banking business with the nationalization of the Imperial Bank of India in 1955 . A 60% stake was taken by the Reserve Bank of India and the new bank was named as the State Bank of India . The seven other state banks became the subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed under the Nehru government . </P> <P> The next major government intervention in banking took place on 19 July 1969 when the Indira Gandhi government nationalised an additional 14 major banks . The total deposits in the banks nationalised in 1969 amounted to 50 crores . This move increased the presence of nationalised banks in India, with 84% of the total branches coming under government control . </P> <P> The share of the banking sector held by the public banks continued to grow through the 1980s, and by 1991 the public sector banks accounted for 90% of the banking sector . A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for Rs. 1, 10,000 crore . The majority of these banks were profitable, with only one out of the 21 public sector banks reporting a loss . </P>

Which are the public sector banks in india