Which of the following is an example of a public sector bank in India?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Punjab National Bank.
Punjab National Bank is an example of Joint Sector Industries (Public Sector). The bank was founded in May 1894 and is the Second largest government-owned bank in India, both in terms of its business volumes and its network.
Federal Bank Limited is an Indian private sector bank headquartered in Kochi, Kerala.
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and world's 10th largest bank by market capitalisation as of April 2021.
Axis Bank is the third largest private sector bank in India offering entire spectrum of financial services for personal & corporate banking.