Which among the following is a public sector bank?

Question

Question

This question was previously asked in

SSC MTS Official Paper (Held On: 19 May, 2023 Shift 1)

Answer 1

The correct answer is Bank of Baroda.
Key Points

Bank of Baroda is a public sector bank, which means it is owned and operated by the government of India.
Axis Bank and ICICI Bank are both private sector banks, which means they are owned and operated by private individuals or organizations.
Yes Bank is also a private sector bank, but it is currently under the control of the Reserve Bank of India due to financial issues.

Additional Information

Public sector banks are considered to be more stable and secure as they are backed by the government, while private sector banks may be more innovative and customer-focused.
Some other examples of public sector banks in India include State Bank of India, Punjab National Bank, and Bank of India.
Private sector banks in India include HDFC Bank, Kotak Mahindra Bank, and IndusInd Bank.
It is important to note that all banks in India are regulated by the Reserve Bank of India, which is the central bank of the country.