Question

What is the current status of SBI in the Indian banking sector?

• A. Smallest private bank
• B. Largest private bank
• C. Largest public sector commercial bank
• D. A foreign bank

Answer 1

Answer:

C. Largest public sector commercial bank

• SBI (State Bank of India) is currently the largest public sector commercial bank in India.

• Some key points about SBI's status:

1. It is India's largest commercial bank in terms of assets, deposits, branches, customers and employees

2. It is a public sector bank, meaning the Government of India is the largest shareholder

3. After its merger with its associate banks in 2017, it became one of the top 50 banks globally

4. It is often referred to as the banker to the nation due to its size and reach across India