The correct answer is: D. 12
Nationalized banks are banks that are owned by the government. In India, there are 12 nationalized banks. These banks were nationalized in 1969 by the Indira Gandhi government. The objective of nationalization was to provide banking services to the poor and to promote economic development.
The 12 nationalized banks are:
- State Bank of India
- Bank of Baroda
- Bank of India
- Punjab National Bank
- Canara Bank
- Union Bank of India
- Indian Bank
- Central Bank of India
- United Bank of India
- Allahabad Bank
- Indian Overseas Bank
- Syndicate Bank
These banks are among the largest banks in India. They offer a wide range of banking products and services, including savings accounts, current accounts, loans, and investments. They also have a large network of branches and ATMs across the country.
Nationalized banks play an important role in the Indian economy. They provide banking services to a large number of people, including the poor and the marginalized. They also help to promote economic development by providing loans to businesses and industries.