It has 22,000 employees, 1,582 branches and is one of the big public sector banks of India.

The new bank will co-finance projects together with private sector banks.

He also is the chairman of a large private sector bank in the country.

Third largest branch network among private sector banks in India.

The bank was nationalised in 1980 along with 5 other private sector banks.

These over time would build up a pool of capital which could challenge the power of the private sector banks.

In mid- 1980s public sector banks were allowed to open mutual funds.

Most large public sector and private sector banks offer educational loans.

Only recently, major private and public sector banks have started opening their branches.

Four nationalised banks started in this district and also a leading private sector bank.