CPSEs meaning in Banking ?

A government-owned enterprise, government-owned corporation, statutory corporation and a nationalised company in India is called a public sector undertaking (PSU) or a public sector enterprise. These companies are wholly or partly owned by the Government of India or one of the many state or territorial governments or both together in parts. The officers working for these entities and their subsidiaries are gazetted officers. The employees subordinate to the officers working for these respective entities and their subsidiaries are full-fledged government employees. The company stock is majority-owned by the government in a PSU. PSUs are classified as central public sector undertakings (CPSUs, CPSEs) which are wholly or partly owned by Government of India or state level public sector undertakings (SLPSUs, SLPSEs) which are wholly or partly owned by state or territorial governments.

In 1951, there were just 5 enterprises in the public sector in India, but in March 2021 this had increased to 358. These enterprises represented a total investment of about ₹16.41 lakh crore as on 31 March 2019. The total paid-up capital as of 31 March 2019 stood at about ₹2.76 lakh crore. CPSEs have been earned revenue of about ₹25.43 lakh crore during the financial year 2018–19.