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These days' people are not so choosy about the bank they go to. There are so many banks and each of them giving almost all possible services to its customers makes the customers spoilt for choice…
A customer would go to a public bank if they want 100% government guarantee for their money and are willing to tolerate slight lapses in service (Am not saying that public banks don't give quality service but sometimes they can be irritating and for that matter even private banks can irritate you but the chances are comparatively less)
A customer would go to a private bank if they want a better quality service than what a public or government bank provides.
What else can I help you with?
Is icici bank is private?
yes it is a public limited private bank
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.
What is difference between public and private bank?
public bank is state owned banks whereas private banks are owned by private individuals or entities.
Is a bank a private entity?
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
What is the difference between a public bank and a private bank?
Most of the time, the biggest difference between pubic and private banks is that public banks typically have government ownership and private ones are businesses with strict profits in mind. Additionally, many public banks are poorly operated in comparison to their private counterparts.
Is AXIS BANK nationalised bank or not?
no its a private bank now and earlier it was a public bank known as UTI bank
Difference between public bank and a private bank?
comparision of p.b and p.b
Difference between public limited banks and private limited banks?
Public banks are ones that are fully or partially owned by the government of that country. A private bank is one that is owned by an individual or by a group of people.
The National Bank of 1816 was?
a mixed public-private institution.
Is canara bank is private or government bank?
Canara Bank is a public Sector Bank meaning that it is owned largely by GOI.
Which bank is not in private sector?
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.
What is difference between a public sector bank and a private sector bank?
A public sector 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. A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
