Question

Which of the following statements accurately describes the State Bank of India's position in the Indian banking sector?

• A. It is the second-largest private bank.
• B. It is the smallest public sector bank.
• C. It is India's largest public sector commercial bank.
• D. It is a foreign-owned bank operating in India.

Answer 1

Answer:

C. It is India's largest public sector commercial bank.

1. State Bank of India (SBI) is indeed the largest public sector bank in India

2. It is the largest commercial bank in India in terms of:
   

   • Assets

   • Deposits

   • Branches

   • Market capitalization

   • Number of customers