As of 30 September 2021 A total number of branches of public sector banks in India is ........

Static GK (SBI -PO) Banking Awareness

Download Solution PDF

As of 30 September 2021, A total number of branches of public sector banks in India is ______

This questions was previously asked in

SBI PO Prelims (02 Jan, 2022)

View All SBIPO Previous Year Papers

45,166

85,166

75,166

65,166

55,166

छोटे Courses बड़े Results

Master Banking Awareness

Prepare through Micro-courses

Try Now

Explanation:

Correct Option is - 2 : 85,166
Public sector banks saw their network of branches start to decline after peaking in the March quarter of 2017 and by September this year, they recorded a net decline of 4,389 branches.

• Private sector banks, on the other hand, have increased their count by over 7,000 in the same period, showed data from the Reserve Bank of India (RBI).
• As of 30 September, public sector banks had 85,166 branches, while private lenders had 34,516 branches.

• IDBI Bank has been excluded from this count because it earlier used to be a public sector bank and was, in January 2019, classified as a private sector lender after insurance behemoth Life Insurance Corp. of India (LIC) acquired a majority stake.