Question

Difference between private bank and nationalised bank

Answer 1

Answer:

A Nationalized bank isone that is owned by the governmentof the country. Since the people decide who the government is, they are also referred to as public sector banks. ... A private sector bank is one that isowned by an independent individual or a company that is controlled by a few individuals.

Answer 2

Private banks are the banks which are organized by companies or any other individuals whereas public sector banks or government banks are those nationalized banks which is run by the government.