https://www.123articleonline.com/rss/author/281245/daytoday-gkArticles written by DayToday GK from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1185899/what-is-the-public-sector-bank A bank is called as an Open Area Bank just when a significant rate (over half) stake is held by the Legislature. The portions of these banks are recorded on stock trades. In India, there are around 12 Open Division Banks (post merger reported by Mrs Nirmala Sitaraman, Money Priest of India).