Which of the following is NOT a commercial bank?
Show answer & explanation
Correct answer: C
Explanation
The Correct Answer is option 3 i.e. National Bank for Agriculture and Rural Development (NABARD) .
The National Bank for Agriculture and Rural Development (NABARD) is not a commercial bank; it is a development bank established in 1982 to promote sustainable agriculture and rural development in India. NABARD provides refinance and financial support to cooperative banks, regional rural banks, and other institutions involved in rural credit and infrastructure development. In contrast, commercial banks like the State Bank of India (SBI) and ICICI Bank (formerly the Industrial Credit and Investment Corporation of India) deal directly with the public, accepting deposits and providing loans. NABARD focuses on policy planning and development, not retail banking.
Other options:
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ICICI Bank: A leading private sector commercial bank.
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State Bank of India: India’s largest public sector commercial bank.
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None of the above: Incorrect, as NABARD is not a commercial bank.