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what is the difference between Public sector bank & Private
sector bank
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Answer Posted / 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 |
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