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what is difference between public sector and nationalised
bank?
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Answer Posted / subha singh
A PSB is a bank in which govt holds a major portion( more than 50 %) of the shares.
But a nationalised bank is one which was nationalised under banking companies (Acquisition and transfer of undertaking) bill and where govt holds total of the shares. So there are 27 public sector banks, but there are 19 nationalised banks.
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