English, asked by anita620, 1 year ago

Difference between nationalised bank and public sector bank

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Answered by mandeepk61

Public sector banks (PSBs) are those banks where a majority stake (i.e. more than 50%) is held by a government.The shares of these banks are listed on stock exchanges.There are a total of 27 PSBs in India. Out of which [21 Nationalized banks + 6 State bank group (SBI + 5 associates) ]Thus at present all the nationalized banks are Public Sector banks. In addition to these, we can also say that IDBI Bank Ltd, BMB and SBI are too Public Sector Bank (though not nationalized bank) as Gov has over 50% stake in these bank too.

Answered by XxMissPaglixX

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$..(1) Classification on the Basis of OwnershipOn the basis of ownership, banks are of the following types:() Public Sector Banks: Public sector banks are those banks which are owned by thegovernment. The government runs these banks. In India 20 banks (14+6) were nationalisedin 1969 and 1980 respectively. All these banks now belong to the public sector category.Social welfare is their principal objective.(ii) Private Sector Banks: Private sector banks are those banks which are owned and run by the private sector. Various banks in the country such as Vijaya Bank belong to this category. An individual has control over these banks in proportion to the shares of the banks held by him...$

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