Which one of the following Indian banks is not a nationalized bank?
A
Corporation Bank
B
Dena Bank
C
Federal bank
D
Vijaya Bank
Correct Answer: Option C
Explanation
1. Nationalized banks in India are banks that were formerly privately owned but were taken over by the Government of India.
2. Major bank nationalizations occurred in 1969 and 1980.
3. Corporation Bank and Vijaya Bank were nationalized in 1980. (Both later merged into Union Bank of India and Bank of Baroda respectively).
4. Dena Bank was nationalized in 1969. (Later merged into Bank of Baroda).
5. Federal Bank is a private sector commercial bank in India and has not been nationalized.
6. Therefore, Federal Bank is the correct answer.