BANKING AFFAIRS

Detailed explanation-1: -Detailed Solution. Punjab National Bank has been ranked as the best PSU bank in the overall digital transactions category in India.

Detailed explanation-2: -Motilal Oswal tracks top 7 PSU banks-State Bank of India, Punjab National Bank, Bank of India, Bank of Baroda, Central Bank, Union Bank and Indian Bank and from the list its top picks are SBI, BoB and Central Bank.

Detailed explanation-3: -State Bank of India (SBI) Having 23% of shares of the total market assets in India, this bank is the largest public sector bank of India and tops the list of best bank in India. It also holds 1/4th of the total loans and deposits in the current financial market.

Detailed explanation-4: -Nationalized banks are those in which government has more than 50% shareholding. There are a total of 12 public sector banks in India today. These banks were nationalised and are currently run by the government.