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A public sector bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks.
A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
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What is the difference between a public bank and a private bank?
Most of the time, the biggest difference between pubic and private banks is that public banks typically have government ownership and private ones are businesses with strict profits in mind. Additionally, many public banks are poorly operated in comparison to their private counterparts.
What is the difference between a government bank and nationalised bank?
the government bank is run by the state government and the nationalised bank is run by the federal government
What is difference between public and private bank?
public bank is state owned banks whereas private banks are owned by private individuals or entities.
Difference between public limited banks and private limited banks?
Public banks are ones that are fully or partially owned by the government of that country. A private bank is one that is owned by an individual or by a group of people.
Difference between nationalised bank and private bank?
A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
What is the difference between private bank and nationalised bank?
A nationalized bank is owned by the government (and therefore, by the people). A private bank is owned by a person or corporation.l
What is the difference between a public bank and a private bank?
Most of the time, the biggest difference between pubic and private banks is that public banks typically have government ownership and private ones are businesses with strict profits in mind. Additionally, many public banks are poorly operated in comparison to their private counterparts.
Difference between public bank and a private bank?
comparision of p.b and p.b
What is the difference between a government bank and nationalised bank?
the government bank is run by the state government and the nationalised bank is run by the federal government
What is the difference between state bank and icici?
State bank is a nationalized bank whereas ICICI is a private bank.
What is difference between public and private bank?
public bank is state owned banks whereas private banks are owned by private individuals or entities.
What is the difference between a scheduled bank and public sector bank?
A scheduled bank is a private sector bank given a schedule status by the RBI while a Public sector bank is a government undertaking bank .Some scheduled bank were nationalised to merge with other public sector bank or operate independently as government undertaking banks.
Difference between public limited banks and private limited banks?
Public banks are ones that are fully or partially owned by the government of that country. A private bank is one that is owned by an individual or by a group of people.
What is a difference between icici bank and Punjab national bank?
icici is a private sector bank,Punjab national bank is a public sector bank
Difference between nationalised bank and private bank?
A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
What is the difference between bank charges and government taxes and duties on a bank statement?
Bank charges are fees charged by and received by the bank. Government taxes and duties are fees withheld by the bank and forwarded to the respective government.
What is difference between a public sector bank and a private sector bank?
A public sector bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
