GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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LIC
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NABARD
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Government of India
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Detailed explanation-1: -The nationalized banks are those banks that were ones owned by the private players but due to the financial or socio-economic exigencies, the ownership was acquired by the government. In more technical terms Nationalised Banks have such an ownership structure where the government is the majority shareholder i.e. >50%.
Detailed explanation-2: -The Union government holds 57.5 percent stake in the country’s largest lender State Bank of India (SBI). This is the lowest stake the government holds in any PSU banks.
Detailed explanation-3: -Public Sector Undertakings (Banks) are a major type of government owned banks in India, where a majority stake (i.e. more than 50%) is held by the Ministry of Finance of the Government of India or State Ministry of Finance of various State Governments of India.