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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.
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.
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What is the difference between a government bank and nationalised bank?
the government bank is run by the state government and the nationalised bank is run by the federal government
Is AXIS BANK nationalised bank or not?
no its a private bank now and earlier it was a public bank known as UTI bank
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 difference between public and private bank?
public bank is state owned banks whereas private banks are owned by private individuals or entities.
Is bank of Baroda is a nationalised bank?
yes
What is the difference between private bank and nationalised bank?
A nationalized bank is owned by the government (and therefore, by the people). A private bank is owned by a person or corporation.l
What is the difference between a government bank and nationalised bank?
the government bank is run by the state government and the nationalised bank is run by the federal government
Is kvb bank nationalised?
no, its a private bank and it is not nationalized yet !
Is AXIS BANK nationalised bank or not?
no its a private bank now and earlier it was a public bank known as UTI 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.
Whether idbi bank is nationalised bank?
IDBI bank is Nationalised bank
Is SBI a nationalised bank?
No, SBI is not a nationalised bank. It is one of the greatest bank. It is a public bank but not a nationalised bank. Right now 19 banks were nationalised out of 20, in which SBI i.e. State Bank Of India is not included.
Difference between public bank and a private bank?
comparision of p.b and p.b
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 state bank and icici?
State bank is a nationalized bank whereas ICICI is a private bank.
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 Syndicate Bank a nationalised bank?
Yes. Canara Bank is a Nationalized Bank. It is one of India's oldest banks. It has over 3000 branches and 4000 ATMs across India. It was Nationalized in the year 1969 and has been owned by the Government of India ever since.
