Answer / sachin j khade.

Private And Public Banks
Banks have been broadly divided into private and public.A
private bank is that in which there are but few partners,
and these attend personally to its management. A public
bank is that in which there are numerous partners or
shareholders, and they elect from their own body a certain
number, who are intrusted with its management.
The business of banking consists chiefly in receiving
deposits of money, upon which interest may or may not be
allowed; in making advances of money, principally in the
way of discounting bills; and in affecting the transmission
of money from one place to another. Banks in metropolitan
cities are usually the agents of the banks in smaller
communities and charge a commission on their transactions.
The disposable means of a bank consist of - First, the
capital paid in by the partners, or shareholders. Second,
the amount of money deposited by their customers. Third,
the amount of notes they are able to keep out in
circulation. Fourth, the amount of money in the course of
transmission - that is, money they have received, and are
to repay, in some distant place, at a future time.
These disposable means are employed - First, in discounting
bills. Second, in advances of money in the form of cash
credits, loans, or overdrawn accounts. Third, in the
purchase of government or other securities. Fourth, a part
is kept in the banker's till, to meet the current demands.
Of these four ways of employing the capital of a bank,
three are productive, and one is unproductive. The
discounting of bills yields interest; the loans, and the
cash credits, and the overdrawn accounts, yield interest;
the government securities yield interest; the money in the
till yields no interest.
The expenses of a bank may be classified thus: Rent, taxes,
and repairs of the building or premises in which the
business is carried on; salaries of the officers;
stationers' bills for books, paper, notes, stamps, etc.;
incidental expenses, as postage, light, heat, etc.
The profits of a bank are that portion of its total
receipts - including discount, interest, dividends, and
commission - which exceeds the amount of the expenses.
Banks as Commercial Institutions. In commercial language a
bank is a repository, or an establishment, for the purpose
of receiving the money of individuals;either to keep it in
security, or to improve it by trafficking in goods,
bullion, or bills of exchange;and, as stated above, it may
be either of a public or of a private nature. A public bank
is generally regulated by certain laws, enacted by the
government of the nation or state, which constitute its
charter, limit its capital, and establish the rules by
which it is to conduct business. A private bank, on the
other hand, is merely a contract among individuals, for
carrying on a trade in money and bills; and the
responsibility of the partners is usually the only security
of those who transact business with it.
Banks then are properly commercial institutions which by
affording credits, or issuing notes, as the representative
of money, enable merchants, with greater facility, to buy
and sell commodities, at home or abroad. The produce of one
country is thus exchanged with that of another, by means of
a medium to which an ideal value is attached; hence the
great utility of banking establishments in all commercial
countries.
Classification of Banks. Private banking is the oldest form
of the banking business and, as is well known, the
antiquity of banks is very great. Records exist of banking
transactions among the Assyrians and in the Metropolitan
Museum in New York there are Babylonian tablets bearing
distinct records of transactions in banking that took place
in the reign of Nebuchadnezzar.

Answer / vimlesh

public sector bank mens service give to public. what is a response of public about service and facility. that is public sector bank. and it's government base. other than i am talking about privet sector bank mens not connect to government.

Answer / mani gupta

Public sector banks are now not anymre less than the
private sector banks.they are also up to the mark and level
of the private sector banks,no doubt it will take some more
time to come compeletely up to that level..

i have selected for clericle iview in sbi.but i missed my application reg printout.is there any possible way to get it.

0 Answers  

---

I M HAVING A BSC BIOTECH BACKGROUND AND I M GIVING THE BANK CLERICAL AND PO PAPERS....THE ONLY THING WHICH HAUNTS ME IS..... IN BANK INTERVIEW IF SUCH QUESTION IS ASKED THAT WHY U ARE APPLYING FOR BANK BEING A BIOTECHNOLOGY STUDENT....BANKING AND BIOTECHNOLOGY ARE DIFFERENT....??? WHAT SHOULD BE THE PERFECT ANSWER FOR THIS ..PLS TELL ME

2 Answers   Banking,

---

please give me the latest syllabus or model question paper of sbi clerical exam

65 Answers   Banking, BSRB, Competitive Exams, DuraFab, HCL, State Bank Of India SBI, TCS,

---

I am a btech in computer science and engg. I have cleared written of SBI CLERICAL EXAM NOV 2009 Please tell me what kind of questions will be asked??

0 Answers   State Bank Of India SBI,

---

Hi I am attending SBI clerk Interview on 3rd May. They asked OBC certificate which is issued after 1st April 2009. But my certificate is certified on Feb 1st 2009. Will they accept this OBC certificate. Early reply will be appreciable. Thanks in advance.

1 Answers   State Bank Of India SBI,

---

Friends! how to prepare 4 the decriptive test for andhra bank clerk,what topics we have to read,what is the pattern of test?pl help anyone.thx

0 Answers   Dena Bank,

---

i passed my graduation in 2010,and i have character certificate issued by principal at that time.is it enough for sbi clerical interview.i have another one issued by a gazatted officer too

0 Answers  

---

Hi dis is sri guru n i hav cleared oriental bank of commerce written exam held on 27 dec 2009 n am general candidate the interview will starts on 17 may till now i had not yet recvd d mail or call letter abt interview.wen they vl com? wt r d questions askd particularly in dat bank ,wt should i wan 2 prepare for interview?

0 Answers  

---

All about sbi clerical,starting salary, work condition... etc

3 Answers   State Bank Of India SBI,

---

hi,i have selected for sbi interview.do i need to submit the medical fitness certificate and i am not a handicap.

0 Answers  

---

Any one plz explain dat what is the rule to find out conclusion from venn diagram? plz inform me my ID is coolnature.2009@rediffmail.com

0 Answers  

---

these q were asked in the interview on 26april 1.HOW WILL YOU MANAGE THE PROMLEM OF CUSTOMERS? 2.name 2 pvt banks recently in news? wat was the matter? 3.if a customer comes to u with 5 lakh rupees then which investment plan will you suggest to him? 4.a situation was also given........You are sitting in the cash counter...the senior manager passes by that way..he finds 10000/- lying down..he silently takes that money and disappears.. Everyone's puzzled and they go mad tryin' to tally the acc thru out the day..and only you know what happnd to it..Now what you will do...??? PLS SUGGEST ANS FOR THESE Q

3 Answers   State Bank Of India SBI,

---