Public sector bank

Anonymous

∙ 11y ago

Public Sector banks is a term that is used to refer to a type of bank in India. They deal with stocks and other financial matters ,they are mainly controlled by the government.

Wiki User

∙ 11y ago

What else can I help you with?

Which one is largest public sector bank in India?

State Bank of India is the largest public sector bank in India

What is the meaning of other public sector bank?

other publick sector bank

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.

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

Government share in public sector bank and nationalised bank?

49%

Who public sector bank has minimum stake of govt?

dena bank

Is Oriental Bank of commerce is a private sector?

No. Oriental Bank of Commerce is a Public Sector Bank. visit http://www.obcindia.co.in for more details about this bank.

Which is the oldest Public Sector Bank in India?

The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.

What is difference between public sector bank and nationalised bank?

They both refer to one and the same. A public sector bank is also called a nationalized bank. It means that the government of the nation is the sole owning authority of the bank and it governs the functioning of the bank. Even if the bank declares bankruptcy the government holds the responsibility of returning all the money that was deposited by the customers.

Which bank has been selected as the best public sector bank of India?

bank of baroda

How much govt holds stake in public sector?

A public sector bank in India is a bank that is fully or majorly owned by the government of India. The government in most cases owns 100% rights in the bank in some cases atleast 80% or more stake in the bank thereby making them a public sector or government owned bank.

What is the biggest public sector bank in India?

SBI

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