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After the bank mergers on 1 April 2020, how many Public Sector Banks (PSBs) remained in India?

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Question

After the bank mergers on 1 April 2020, how many Public Sector Banks (PSBs) remained in India?

Options

  • 10

  • 12

  • 15

  • 18

MCQ
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Solution

12

Explanation: 

There are 12 Public Sector Banks in India after the 2020 mergers of 10 PSBs into 4 anchor banks.​

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