Comparison Between Public and Private Banks

Topics: Government, Banks of India, Companies based in Mumbai Pages: 4 (783 words) Published: June 2, 2011
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Q.What is difference between public sector bank and private sector bank?

Asked by pallavi mahajan, 19 Nov '08 07:27 pm
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The Public sector banks are those where govt holdings are more than 50% while nationalised banks are those banks which were nationalised in 1969 and 1980. Thus all nationalised banks are public sector banks. So one can say Public Sector banks= Nationalised Banks+ SBI + SBI Associates + IDBI Thus in total 27 PSB's are there.

Answered by maneesh dudpuri, 03 Sep '09 02:36 pm
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Public sector Banks are also called Nationalised banks Eg: SBI,Canara Bank etc. These banks are whollely owned by the Government of India. Private sector banks are Banks which come under Negiotiable Instruments Act but under private Management. For Eg: Federal Bank, Karur Vysya Bank etc. But all these Banks comes under the perview of Scheduled Bank since these banks are included in the Schedule of the Government of India... Answered by Venkita Iyer, 19 Nov '08 07:37 pm

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