Question

what do you mean by public sector banks?​

Answer 1

Answer:

Public Sector Banks (PSBs) are a major type of government owned banks in India, where a majority stake (i.e. more than 50%) is held by the Ministry of Finance of the government of India or Ministry of Finance of various state governments. ... The shares of these banks are listed on stock exchanges.

Explanation:

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Answer 2

Answer:

Public Sector Banks (PSBs) are a major type of government owned banks in India, where a majority stake (i.e. more than 50%) is held by the Ministry of Finance of the government of India or Ministry of Finance of various state governments. ... The shares of these banks are listed on stock exchanges.

Explanation:

Public Sector Banks: The bulk of the stake is maintained by the government. Examples of Public Sector Banks are Punjab National Bank, state bank of India and Central Bank of India, etc