Which one of the following Indian banks is not a nationalized bank?
- ACorporation Bank
- BDena Bank
- CFederal bankCorrect
- DVijaya Bank
Explanation
The correct answer is C because Federal Bank is a private sector bank. Unlike the other options listed, it was never taken over by the Government of India through the process of nationalization.
Corporation Bank, Dena Bank, and Vijaya Bank were all public sector banks that were nationalized by the government in 1969 or 1980. While these three banks have recently been merged into larger public sector banks, they were historically classified as nationalized banks. Federal Bank remains a major Indian commercial bank in the private sector with its headquarters in Kerala.
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