Discussion
Which of the following is not a public sector bank in India?
Answer: B
Correct answer: Federal Bank
The Federal Bank, founded in Kerala in 1931, is a private sector bank and has never been nationalised. Punjab National Bank, Canara Bank and Bank of Baroda are all public sector banks, majority owned by the Government of India, and all three were enlarged rather than absorbed by the amalgamations of 2019 and 2020.
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