public sector bank means gov. sec. bank that goes public means their shar

difference between private and nationalised banks

Question Posted / ruchi

Answer Posted / ruchi

public sector bank means gov. sec. bank that goes public
means their shares issued to public and gov has 50% share
and their main moto is social welfare along with profit.
private banks managment in hand of any person not gov.and
their main moto is only making profit they r approval from
the rbi their intrest rates are slightly costly.

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