new branches benefit the bank by providing more locations that gets their business known and also by creating more customers that live that area, it also benefits the public by having a near by bank to safely store your valuables and income, or if you need a loan to pay a debt or make a purchase.
motijhil
bank,to open the new branches rise of commerce......to affect life in towns and cities public to give the lot of opportunity and offers.......
because the bank only benefit the rich
The Federal Reserve? There are 12 branches. These are where money is printed and where interest rates are set, ie, the value of money. The Bank of America!
A Public Sector bank is one in which, the Government of India holds a majority stake. It is as good as the government running the bank.Since the public decide on who runs the government, these banks that are fully/partially owned by the government are called public sector banks.
canara bank
SBI
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.
Allahabad Bank
IDBI stands for Industrial Development Bank of India. It is one of the large public sector banks in India. As of now, they have a branch network of 1000 branches and 1500+ ATM's across India. They even have a few branches overseas.
44 branches spring bank.
Bank of India has 14 branches in Assam. They are in the following cities:AdabariBahjaniBongaigon5 branches in GuwhatiTinsukiaNagaonJorhatLoharkathaPanerihat andSibsagar
Hamilton's "Report on a National Bank" was designed to facilitate establishment of public credit and to enhance the powers of the new national government.
State Bank of Travancore is one of the affiliate banks of State Bank of India, the largest public sector bank in India. It is headquartered in Thiruvananthapuram, Kerala and a majority of its branches are in the same state. In fact, 676 of its branches are within Kerala. It has a total of around 900 branches across 16 states in India. As you can see, almost two-thirds of its branch network is within Kerala.
Branches of the Metropolitan Bank can be found at the Metropolitan Bank website under the "Location" tab. On the "location" page it shows the branches of the Metropolitan Bank.
classification of banks on the basis of ownership consist the following branches 1) public bank 2)private bank 3)nationalize bank 4)statutory bank 5)chartered bank
The key benefit is the fact that you become a government employee because the government owns the public sector banks. So, you get all the benefits that government employees get and also you'll be eligible for a pension after you retire.