Which one of the following Indian banks is not a nationalized bank?
✓ Correct answer: c) Federal Bank
ExplanationNationalized Banks are banks in which the majority stake is held by the government of India.Nationalization was car- ried out in two major waves (1969 and 1980) to bring a larger portion of the banking sector under government control, with the aim of promoting social and developmental objectives.Pri- vate Sector Banks are banks in which the majority stake is held by private individuals, companies, or institutions.Option (c) is correct : Federal Bank is not a nationalized bank.It is a private sector bank headquartered in Aluva, Kerala.202
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