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The banks which are owned and controlled by government are _______.

  • The banks which are owned and controlled by government are Public sector banks.
  • Public sector banks are those banks that are owned and controlled by the government, either at the central or state level. In these banks, the majority of the shares are held by the government.
  • It gives them the power to appoint the board of directors and make key decisions regarding the bank's operations.
  • Public sector banks often have a mandate to promote financial inclusion and support economic development in the country. Examples of public sector banks include State Bank of India, Bank of Baroda, and Punjab National Bank.