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