Allahabad Bank
The purpose of a public sector is to give service to the customers
The purpose of a public sector is to give service to the customers
ICICI Bank is a private sector bank. ICICI Bank is India's largest private sector bank and is one of the top 5 big banks in the country. It has around 2000 branches across the country and serves millions of customers.
uthar pradesh
SBI
canara bank
Electronics and Telecommunication is the mother branch of IT. This branch is having wide scope in the public sector, Private sector as well as in Government sector.
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.
You're probably thinking of the "Public" and "Private" sectors. The Public sector is made up primarily of government jobs, like public school teachers, police officers, judges, etc. Private sector jobs are jobs that are not part of government branches, offices, etc. Private businesses can get public funds though.
Punjab National Bank has more than 5000 branches across 764 cities in India. They serve over 37 million customers in India. They also have branches in Hong Kong, Dubai, Kabul, China, Oslo etc. They are India's second largest 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.
State Bank of India is probably the largest public sector bank in the world. SBI and its subsidiary banks have more than 17,000 branches in India plus many more across the globe. I don't think any other bank in the world has so many branches. There are other banks in india & the world with thousands of branches but none with 17,000+ that are in operation.