alleryPublic 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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