New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    Who gets the status of Public Sector Banks of

    India?
    A 50 % stake held by government Correct Answer Incorrect Answer
    B More than 50 % stake held by government Correct Answer Incorrect Answer
    C Less than 50 % stake held by government Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    Public Sector Banks  (PSBs) are banks where a majority stake (i.e. more than 50%) is held by a government. The shares of these banks are listed on stock exchanges. There are a total of 21 PSBs in India.

    Practice Next

    Relevant for Exams: