At present how many public sector banks are working in India ........

Finance (Phase -I & II) Banking and Financial system in India

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At present how many public sector banks are working in India?

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Explanation:

Public Sector Bank is the bank that is owned by the Government or is the major shareholder of more than 51% in the bank.

RBI regulates the banking sector. The merger will help in increasing the productivity, efficiency and boosting the six year low economy along with reducing the number of bad loans and NPA’s.In the past year 10 Public Sector Banks were merged into 4 banks. As of now the country has 12 public Sector Banks.