Comparison Between Public and Private Banks

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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 Invite a friend | Save | Report abuse Earn 10 points for answering
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Answers (6)

1.
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 Report abuseUseful (0)Not Useful (2)[ x ]
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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 Report abuseUseful (0)Not Useful (0)[ x ]
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The public