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Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.
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∙ 12y ago
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What is private sector bank?
Private sector banks refer to banks which have the majority of stock owned by private people. The government cannot own a controlling share in a bank designated as private sector.
Meaning of private sector bank?
pvt sector banks are those banks in which majority of stake is hold by private individuals and not by the govt.
Classification of Banks in India?
Classification of Banks in India is done into four main classes. The classes include commercial banks, savings banks, public sector banks and private sector banks.
Why private sector bank is better than public sector bank?
Private sector banks are better than public sector banks in the following aspects:They are more customer friendly and customer oriented. If they don't get customers they go out of business (Unlike public sector banks that would stay in business anyway because they are owned and run by the government)They offer more facilities than public sector banks (Because of the same reason in point a)They offer better interest rates for depositsThey offer a wider variety of products.I am not saying that public sector banks don't do all these things, just that they don't do it as aggressively or effectively as private sector banks because their existence is not dependent on customers whereas for private banks they will be bankrupt if customers refuse to bank with them.
Why public bank is better than private bank?
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.
What is private sector bank?
Private sector banks refer to banks which have the majority of stock owned by private people. The government cannot own a controlling share in a bank designated as private sector.
What are the two types of banks?
types of commercial banks are: 1) public sector banks 2) private sector banks....
Meaning of private sector bank?
pvt sector banks are those banks in which majority of stake is hold by private individuals and not by the govt.
What are the two types of commercial bank?
types of commercial banks are: 1) public sector banks 2) private sector banks....
Why only you choose private bank as your job?
Not everybody chooses private banks. People prefer public sector banks over private sector. The only reason for choosing private banks is the salary. If salary in private and government banks is same, everybody will choose government jobs as the job is more secure.
Classification of Banks in India?
Classification of Banks in India is done into four main classes. The classes include commercial banks, savings banks, public sector banks and private sector banks.
Why private bank sector are performing better than public bank sector?
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.
Why private sector bank is better than public sector bank?
Private sector banks are better than public sector banks in the following aspects:They are more customer friendly and customer oriented. If they don't get customers they go out of business (Unlike public sector banks that would stay in business anyway because they are owned and run by the government)They offer more facilities than public sector banks (Because of the same reason in point a)They offer better interest rates for depositsThey offer a wider variety of products.I am not saying that public sector banks don't do all these things, just that they don't do it as aggressively or effectively as private sector banks because their existence is not dependent on customers whereas for private banks they will be bankrupt if customers refuse to bank with them.
3 main types of banks in your financial system?
1. Public sector banks 2. Private banks 3. Foreign banks
Questionnaire on customer preference regarding public private sector banks?
nice
Why public bank is better than private bank?
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.
What are the salient features of Indian banking sector?
The salient features of Indian banking sector is that it comprises commercial and private banks. The commercial banks are made up of scheduled and non-scheduled commercial banks.
