BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public Sector Banks include?
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20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI
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20 Nationalized Banks + 6 Private Banks
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14 Nationalized Banks + 6 SBI Associates + 7 Private Banks
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20 Nationalized Banks + State Bank of India + 5 Private Sector Banks + IDBI
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Explanation:
Detailed explanation-1: -The number of nationalized banks in India is 19. There exists 12 PSBs in India. State Bank of India, Punjab National Bank, etc. Dena Bank, Bank of Baroda, etc.
Detailed explanation-2: -At present, there are 12 public sector banks in India.
Detailed explanation-3: -Re-categorization of IDBI Bank Ltd. as a Private Sector Bank The Bank was categorized as a ‘Private Sector Bank’ for regulatory purposes by the Reserve Bank of India with effect from 21 January 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank.
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