Question

The government nationalized the ‘Imperial Bank’ in 1955 and got it converted into __________________.

i) Syndicate Bank ii) Bank Of India iii) State Bank of India iv) Reserve Bank Of India​

Answer 1

Answer:

Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the government. The shares of these banks are listed on stock exchanges. There are a total of 12 Public Sector Banks alongside 1 state-owned Payments Bank in India.

Explanation:

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Answer 2

Answer:

Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the government. The shares of these banks are listed on stock exchanges. There are a total of 12 Public Sector Banks alongside 1 state-owned Payments Bank in India.

Explanation: