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#1
17th September 2014, 12:30 PM
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| Private Sector Bank and Public Sector Banks difference
Give me information about differences between Private Sector Bank and Public Sector Banks situated in India ?
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#2
17th September 2014, 02:42 PM
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| Re: Private Sector Bank and Public Sector Banks difference
Here I am giving you information about differences between Private Sector Bank and Public Sector Banks situated in India below : A public sector bank is a bank that is operated through institutions owned by the people through their representative governments. The national government of the country holds the ownership of nationalized banks Public sector banks issues its share to general public.. It also has a greater share of government(more than 50%) On other side Private Sector Banks are managed and controlled by Private individuals and private lenders. The interest rates of private banks are generally slight costly as compared to public sector banks Nationalised banks / Public-sector banks Allahabad Bank Andhra Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab National Bank United Bank of India Vijaya Bank Bank of Baroda Bhartiya Mahila Bank Canara Bank Central Bank of India Corporation Bank Punjab & Sind Bank Syndicate Bank UCO Bank Union Bank of India Bank of India Bank of Maharashtra Private-sector banks Axis Bank ICICI Bank IndusInd Bank ING Vysya Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank South Indian Bank YES Bank UP Agro Corporation Bank Catholic Syrian Bank City Union Bank Development Credit Bank Dhanlaxmi Bank Federal Bank HDFC Bank Lakshmi Vilas Bank Nainital Bank Tamilnadu Mercantile Bank |
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#3
3rd January 2016, 12:38 PM
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| Re: Private Sector Bank and Public Sector Banks difference
hii sir, will you please provide me the difference between the Private Sector Bank and Public Sector?
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#4
3rd January 2016, 12:39 PM
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| Re: Private Sector Bank and Public Sector Banks difference
As you asking for the difference between the privat sector and the Public sector banks let me tell you that the public banks are those where majority of the stake in the bank is held by government. Where as in private sector bank, majority is held by share holders of the bank the majority of difference between the public and private sector bank is given below: Shareholders In a public sector bank more than fifty percentage of the stake is held by the Government. In a private sector majority of the stake owned to private shareholders. • Interest Rate: Interest Rates offered by public sector bank are slightly higher. In case of loans, interest rates are marginally lower. • Fees & Service :Private Sector Banks have made names in providing better service, however, they charge for the extra services provided by them. Public sector banks fees and charges are less such as on balance maintenance . A lot of public sector banks are still picking up in the service. • Customer Base: Mostly public sector accounts are opened for government employes for their salaries, fixed deposits, lockers etc. whereas private sector bank in India target company employees,for their salary accounts, credit cards and net banking. public sector bank : Bank of Baroda Allahabad Bank State Bank of Saurashtra Central Bank of India State Bank of Patiala Andhra Bank Canara Bank State Bank of Hyderabad Oriental Bank of Commerce Dena Bank State Bank of Mysore State Bank of Indore UCO Bank Vijaya Bank Syndicate Bank State Bank of India Bank of India Corporation Bank Indian Bank Union Bank of India Punjab National Bank- State Bank of Bikaner and Jaipur State Bank of Travancore private sector bank : Bank of Rajasthan Catholic Syrian Bank Bank of Punjab Dhanlakshmi Bank HDFC Bank Karur Vysya Bank ING Vysya Bank Laxmi Vilas Bank Karnataka Bank South Indian Bank United Western Bank UTI Bank Centurion Bank City Union Bank Development Credit Bank Federal Bank ICICI Bank IndusInd Bank Jammu & Kashmir Bank |
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