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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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Answers (7)

1.

A private cector is an economy is made up af all businesses
and firms owned by ordinary members of the general
public.It also consist af all the private households in
which people live..,whereas, public sector is an economy is
owned and controlled by a government . It consist of
government businesses and firms ,and goods and services
provided by the government,such as the national health
service,state education,jobs,roads,public parks nad law and
order.
Answered by Ashok kumar, 19 Nov '08 07:31 pm

 
  
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2.

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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3.

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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4.

THE PUBLIC SECTOR BANKS THE PRIVATE SECTOR BANKS
MEANING:-
Public sector Banks are also called Nationalised banks. 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.
OWNERSHIP:-
public sector is an economy is owned and controlled by a government . It consist of
government businesses and firms ,and goods and services provided by the government, such as the national health service, state,education, jobs, roads, public parks and law and
order.
A private sector is an economy is made up af all businesses and firms owned by ordinary members of the general
public ...more
Source: me
Answered by Abhiyog patil, 01 Sep '12 02:35 pm

 
  
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5.

Public sector bank has govt.share holding.private sector banks have no govt.share holding only private
Answered by Damodar Biswal, 19 Nov '08 07:30 pm

 
  
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6.

Simple for pvt. banks "ltd" will be in the last for public banks it wont be
Answered by RAMA KRISHNA SARMA, 19 Nov '08 07:30 pm

 
  
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7.

The public sector banks in India are having their capital subscribed by either the people at large or Government. All the nationalised banks are public sector banks and also the SBI and its Associate banks are also publlc sector banks. The private banks are like the ICICI BANK, IDBI BANK, DHANLAKSHMI BANK, CENTURION BANK, KARUR VYSYA BANK ETC.,
Answered by rajnikant raiyarela, 19 Nov '08 07:32 pm

 
  
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