what is the difference between Public sector bank & Private sector bank

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what is the difference between Public sector bank & Private
sector bank

Question Posted / vibyadav1

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what is the difference between Public sector bank & Private sector bank..

Answer / anil chauhan

Public Sector bank means any Government Sector
Bank/Institute that goes public... means that issues it
share to general public.. It also has a greater share of
government(more than 50%) so that the main motto of social
welfare other than Maximising Profit remains.

Where as Private Sector Banks are those Banks where the
management is controlled by Private individuals and
Government does not have any say in the management of these
banks.Maximising profit is the basic motto.

Is This Answer Correct ?

383 Yes

50 No

what is the difference between Public sector bank & Private sector bank..

Answer / soniyo

public sector banks are those banks run under the control
of government and their prime motive is the welfare of the
general public . whereas private sector banks are those
banks run by the private individuals and their prime motive
is to earn profits

Is This Answer Correct ?

217 Yes

40 No

what is the difference between Public sector bank & Private sector bank..

Answer / nitin

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,,,......

Is This Answer Correct ?

265 Yes

165 No

what is the difference between Public sector bank & Private sector bank..

Answer / anubhav

a public sector bank also looks for funding developmental
work in the country as the government has a majority share
in it. the first objective would always be to make profit.
every organization whether private or public is here to
make profits so that it could justify their existence.
but public sector banks involves public also. public here
means common people like us.

Is This Answer Correct ?

72 Yes

38 No

what is the difference between Public sector bank & Private sector bank..

Answer / saumya thakwani

public sector bank is one where there is control of the government and there is absolute say of the government.motive is social welfare.

private sector bank is managed and controlled by the private individuals and there is least government interference . it is controlled by the rules set by the central bank (rbi) . motive is profit maximization.

Is This Answer Correct ?

27 Yes

5 No

what is the difference between Public sector bank & Private sector bank..

Answer / maya kumari

In my view private sector and public sector bank are
depended to his given in service. means we know if we use
private service, gives more attention and facility upon us.
that sector is controlled by particular. but if we talk
about public sector bank, it is totally depened on public
and our goverment.

Is This Answer Correct ?

8 Yes

5 No

what is the difference between Public sector bank & Private sector bank..

Answer / gyanaranjan

Public sector bank owne govt.. Of country ....where as private sector bank owne by individual or company

Is This Answer Correct ?

3 Yes

0 No

what is the difference between Public sector bank & Private sector bank..

Answer / arpit sharma

Public banks are those banks which are owned,governed or managed by
RBI(Reserve Bank Of India)and Public banks are strictly follow the rules
regarding the RBI......
Public Banks have there own respect and existence......
Public Banks are charged interest on loans as fixed by RBI.....
Salary of Public Banks' members or workers have fixed........
Public Banks's have right to intersect with other countries.....
WEHEREAS-
Private banks are those banks which are not owned, managed and
control by the govt. ......
Private Banks have not there own existence any time they can shutter
down the Bank.......
Private Banks member's salary are depended upon the how much they
(Bank) earn........
Private Banks have not right to intersect with other outside country
means govt. of India not allowed to provide any services related to other
countries.......
Private banks' shares have no garntee.......
THANK YOU-----A.R.Sharma

Is This Answer Correct ?

21 Yes

19 No

what is the difference between Public sector bank & Private sector bank..

Answer / pankaj k jangir

Public sector bank refer to nationalised bank/Government bank those have minimun 51% share holder stakes by Govt and rules by RBI and totally managed by Govt, on other hand Private sector banks rule by private body or their subscribed capital holder/ managed by Managing Director of the co. However both banks follow and controlling under RBI. The major difference ia that public sector have stake by Govt, but in case of private sector bank have a private entity who rules by private share holder or Board of Directors/MD and not enough controlling of govt.

Is This Answer Correct ?

0 Yes

0 No

what is the difference between Public sector bank & Private sector bank..

Answer / swati

private sector is an economy that made up of all business
firms owned by ordinary members of general public ,whereas
in public sector is owned by government and it provides by
govt,such as education,roads etc.....

Is This Answer Correct ?

28 Yes

52 No

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