The banks which are owned and controlled by government
A)Government banks
B)Public sector banks
C)New generation banks
D)None of these

Question

Quizplus · Accepted Answer

Public sector banks are those financial institutions in which the majority stake is held by the government. They are controlled and owned by the government, which distinguishes them from private sector banks, where the majority of the share capital is held by private individuals or corporations.

The Banks Which Are Owned and Controlled by Government