Banking in India has started in the 18th century. And now there are many government banks in India that are providing service to large number of consumer. Before independence the banks in India are not nationalized. It is run by the group of people who holds the share. Government bank comes into existence after the independence. The oldest government bank in India is the State Bank of India. Government holds 60 percent of share of government bank. There are around 96 scheduled commercial banks in which 27 public sector banks are with the government of India holding a stake. Others are publicly listed and traded on stock exchanges.

Government bank in India is serving large number of people in India. People can deposit and withdraw their money anytime. Government banks provide many useful services. People can take different loans to make their dream come true. They can take home loans for making their home, car loan, personal loan, loan against property etc. Now the government banks are also providing gold coin. People can take gold coin which is made of 100 percent gold. Government bank also provide education loan to the student to study higher education in India or abroad.