2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10
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11
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12
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None of the above
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Detailed explanation-1: -After this process, India will have 12 Public Sector Banks.
Detailed explanation-2: -Currently in India there are 12 banks in number that are nationalised, and their names are Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab, and Sind Bank, Indian Bank, UCO Bank, and Bank of Maharashtra, State Bank Of India. Q4.
Detailed explanation-3: -Government of India (GoI) has consolidated 10 Public Sector Banks into 4 banks.
Detailed explanation-4: -Later as per the demand of the economy and the citizens, several banks were Nationalised. Nationalized banks are those in which government has more than 50% shareholding. There are a total of 12 public sector banks in India today.
Detailed explanation-5: -After this massive amalgamation, the total number of Public Sector Banks (PSBs) in India has come down from 27 banks in 2017 to 12 in 2022, with the merger of a few banks.