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Public sector banks (PSBs) are banks where:
AForeign owned
BCooperative
CGovernment of India holds majority equity (>50%)
DRandom
Answer & Solution
Correct answer: C. Government of India holds majority equity (>50%)
PSB: government has controlling stake (>50% of equity). After 1969 nationalization + 1980 second round + LIC subsidiaries + IDBI, India has 12 PSBs post-2020 mergers. Government-appointed boards. Subject to vigilance, RTI. Major PSBs: SBI, PNB, BOB, Canara, Union, Indian Bank, etc.
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