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What is difference between public sector banks and nationalized banks?
Wiki User
∙ 12y ago
Nothing. There is no difference. Because the term public sector bank and nationalized bank refers to the same thing. A bank that is owned by the government. Since it means the same thing, there cant be any difference between the two terms.
Wiki User
∙ 12y ago
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Difference between nationalised bank and public sector bank?
They both mean the same. The terms Nationalized or Public Sector both refer to the same thing. 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.
What is the difference between public and private sector organisations?
Public sector uses public tax dollar and is not subject to the free market
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.
What is the difference between public sector and Private for-profit sector?
The public sector is a government (city, state, national); the private sector is a business. Public sector jobs are publicly-funded (by taxes, for instance) whereas private sector jobs depend on the revenue of the business
What are the difference between public sector cash management and private sector cash management?
Public sector cash comes from the government (ie the tax-payer) Private sector fund come from donations (either by individuals or businesses)
Difference between nationalised bank and public sector bank?
They both mean the same. The terms Nationalized or Public Sector both refer to the same thing. 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.
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.
Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
What is the main difference between Public Sector Auditing and Private Sector Auditing?
public sector audit is different from private sector audit
What is the main difference between public sector audit and private sector audit?
public sector audit is different from private sector audit
What is the difference between public and private sector organisations?
Public sector uses public tax dollar and is not subject to the free market
What are the public sector banks in India?
State Bank of India and its subsidiaries, all nationalized banks.
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.
What is the difference between public sector and private sector and why do government support public sector?
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
What is the difference between private sector bonds and public sector bonds?
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
What is the difference between public sector and Private for-profit sector?
The public sector is a government (city, state, national); the private sector is a business. Public sector jobs are publicly-funded (by taxes, for instance) whereas private sector jobs depend on the revenue of the business
What is the difference between international financial report as opposed to the public sector accounting?
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