0
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.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is PSU banks?
Public Sector Bank of India..... PSU stands for Public Sector Undertaking. ...It also means that the Government owns that entity.... A Government owned bank is one that is fully owned by the national government.Which were nationalised in 1969..SBI,PNB,UNION BANK OF IND.BoB ETC are some solid psu....
Aim of a public sector business?
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
Is Greggs in the public sector or the private sector?
its a third sector
Define public sector?
the economic sector asset by government for public welfare.
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
Which one is largest public sector bank in India?
State Bank of India is the largest public sector bank in India
What is the meaning of other public sector bank?
other publick sector bank
What is the difference between a scheduled bank and public sector bank?
A scheduled bank is a private sector bank given a schedule status by the RBI while a Public sector bank is a government undertaking bank .Some scheduled bank were nationalised to merge with other public sector bank or operate independently as government undertaking banks.
What is a difference between icici bank and Punjab national bank?
icici is a private sector bank,Punjab national bank is a public sector bank
Who public sector bank has minimum stake of govt?
dena bank
Government share in public sector bank and nationalised bank?
49%
Is Oriental Bank of commerce is a private sector?
No. Oriental Bank of Commerce is a Public Sector Bank. visit http://www.obcindia.co.in for more details about this bank.
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.
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.
Which bank has been selected as the best public sector bank of India?
bank of baroda
How much govt holds stake in public sector?
A public sector bank in India is a bank that is fully or majorly owned by the government of India. The government in most cases owns 100% rights in the bank in some cases atleast 80% or more stake in the bank thereby making them a public sector or government owned bank.
What is the biggest public sector bank in India?
SBI
