no
No, the State Bank of India (SBI) is not a private sector bank; it is a public sector bank. It is wholly owned by the Government of India and is one of the largest banks in the country. SBI provides a wide range of banking and financial services to individuals and businesses.
Not always. Banks can be private or public. For example in India ICICI Bank is a private banking entity owned by a company while State Bank of India is a public entity owned by the government of India. All countries have a combination of private and public banks
There are numerous banks in India. A bank that is not owned by a private individual or a company is not a private sector bank. Ex: A bank that is owned by the government is not a private sector bank and is called a public sector bank. Ex: 1. State Bank of India 2. Bank of Baroda 3. Indian Bank 4. Indian Overseas Bank 5. etc.
State bank of India
State Bank of India, along with its affiliate banks (State Bank Group) have the highest number of ATMs in India. They have more than 21000 ATMs in India and they have the widest ATM network coverage within India. This includes both private and public sector banks.
The leading banks in India are as follows and in order: Public Sector Banks: 1. State Bank of India 2. Punjab National Bank 3. Bank of Baroda Private Sector Banks 1. ICICI Bank 2. HDFC Bank
State Bank Of India
Bank of India is a Nationalized Public Sector Bank in India with majority stake being held of Government of India
state bank
State Bank of India was originally called the Imperial Bank of India and was established in the year 1806 when the British ruled India. Later when India got its independence, the government of India, took over control and was nationalized and renamed to State Bank of India.on 1st July, 1956, Imperial bank was named as State Bank of India.
HDFC Bank is a private bank in India that provides all kinds of banking facilities to the citizens of India. It is fully owned by HDFC Ltd. It is the second largest private sector bank in India behind ICICI Bank.
HDFC Bank is a private bank in India that provides all kinds of banking facilities to the citizens of India. It is fully owned by HDFC Ltd. It is the second largest private sector bank in India behind ICICI Bank.