Question { 5303 }

What is difference between public sector bank and government
bank?

Answer

Prinvate Bank: In 1994 the RBI opened the door for private
bank and handed out the ploicy to control the private banks.
Like ICICI BANK, INDUSLAND BANK, KOTAK MAHINDRA BANK, KARUR
VAYSAYA BANK. ETC.
& Goverment Bank:(Public sector bank) In this case all policy
are under the RBI. These are always contribute to boost up the
economic of india and avaibale in large number. like SBI, BOI,
PNB, ECT.