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Question

According to the information available up to October 2020, how many public sector banks are there in India?

This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is

12

Public Sector Banks in India (October 2020)

As per the information available up to October 2020, the number of public sector banks (PSBs) operating in India was 12.

  • This count reflects the consolidation and mergers that took place in the Indian banking sector prior to October 2020.
  • The reduction in the number of PSBs was a result of government initiatives aimed at strengthening the banking system through consolidation.

Therefore, the correct count of public sector banks in India by October 2020 is 12.

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