GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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LIC
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SIDBI
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NABARD
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Detailed explanation-1: -These banks are under the control of a private individual. Public Sector Banks are the banks whose more than 50% shareholding lies with the central or state government. Private Sector Banks are the banks whose majority of stake is held by private corporations or individuals.
Detailed explanation-2: -Reserve Bank of India is authorized to issue directives to banks under Section 21 of Banking Regulation Act, 1949 in the interest of depositors, members of public or banking policy.
Detailed explanation-3: -Punjab National Bank: The government currently owns 73.15 percent stake in Punjab National Bank (PNB). Indian Bank: The government holds 79.86 percent of the total paid-up equity of Indian Bank. Union Bank of India: The government at present holds 83.49 percent stake in Union Bank of India.