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what is the difference between Public sector bank & Private
sector bank
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Answer Posted / anil chauhan
Public Sector bank means any Government Sector
Bank/Institute that goes public... means that issues it
share to general public.. It also has a greater share of
government(more than 50%) so that the main motto of social
welfare other than Maximising Profit remains.
Where as Private Sector Banks are those Banks where the
management is controlled by Private individuals and
Government does not have any say in the management of these
banks.Maximising profit is the basic motto.
| Is This Answer Correct ? | 383 Yes | 50 No |
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