Which Indian Public Sector Bank has the highest government shareholding?

Question

Punjab & Sind Bank was nationalized in 1980. As of March 2024, Government of India holds over 98.25% of its equity. The bank is regulated by the Reserve Bank of India. It operates mainly in Northern India and has significant government control compared to other Public Sector Banks.

GKToday Admin · Accepted Answer

Punjab & Sind Bank Punjab & Sind Bank was nationalized in 1980. As of March 2024, Government of India holds over 98.25% of its equity. The bank is regulated by the Reserve Bank of India. It operates mainly in Northern India and has significant government control compared to other Public Sector Banks.

Current Affairs

Daily MCQs

Monthly MCQs

Topic Wise CA MCQs

CA MCQs in Other Languages

GK MCQs Section

SSC/RRB/States Level MCQs