The correct answer is 12. The Public sector bank is a bank in which the government holds a major share portion of the shares. In the public sector, the bank government holds more than 50% of shares. There are two categories in public sector banks:Nationalized Banks. State Bank and its Associates. In Nationalised Bank all functioning controls and regulated by the government. On minimum balance maintenance fees and charges are less in Public sector banks. In the Public sector banks, accounts are opened for government employees for salaries, fixed deposits, and lockers. Additional InformationBank NameGovernment ShareholdingUnion Bank of India89. 07%Bank of Baroda71. 60%UCO Bank94. 44%Bank of India89. 10%State Bank of India56. 92%Bank of Maharashtra92. 49%Punjab National Bank85. 59%Canara Bank78. 52%Punjab and Sind Bank83. 06%Central Bank of India92. 39%Indian Overseas Bank95. 84%Indian Bank88. 06%