How many Public Sector Banks are there in India at present?
(A) 27 Banks
(B) 12 Banks
(C) 21 Banks
(D) 17 Banks
Correct Answer : 12 Banks
Explanation : On August 30, 2019, Finance Minister of India announced to merge 10 Public Sector Banks into 4 big Public Sector Banks. After this merger now the number of Public Sector Banks come down to 12 from 27 of 2017.
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