5 difference between private and nationalised banks. Plz fast...
Answers
Answer:
The following are the major area of difference between Nationalised and Private Sector Bank 1. Process of selection is different : while nationalised adopt the exam process , private sector adopt the interview and on the spot selection without going into details 2. Salary is different in both the cases and the salary is different between staff working in the same category. 3. Hire and Fire which is most common in the Private sector bank while it is not there in Nationalised Bank, Until and unless one does fraud 4. Favouritism more in Private sector 5. Transfer policy is good in Private sector as compare to Nationalised Bank 6. Working hours: Unlimited in case of Private sector with no holidays while in Nationalised Bank reasonable 7. HR Policy NIL in case of Private Sector bank while the same is there in Nationalised Bank 8. Intervention of the Government in Nationalised while the same is not there in Private sector Bank 9. Higher Non Banking product target like Insurance and other while Nationalised Bank works on Banking policy 9. More prone to kick backs in Nationalised while the same is very minimum in Private sector.
I hope this helps U