Which of the following is NOT one of the scheduled public sector banks in India?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Bandhan Bank.
- Bandhan Bank is not categorized as one of the scheduled public sector banks in India. It is a private sector bank that commenced operations in 2015 after receiving a banking license from the Reserve Bank of India (RBI).
- Although it serves a wide customer base and contributes to the Indian banking sector, it operates independently of the government and is not classified as a public sector bank.