Explain in detail evolution of indian banking system. what are the public and private sector bank in india
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Public sector :-
A large part of the stock in this type of bank is with the government. As an example, we can see that the State Bank of India is a public sector bank and 58.87% of its share is controlled by the government. Generally, public sector banks have more than 50% stake in the government. For this reason, these banks are also called the official bank in the language of common speaking.
The government has complete control over nationalized banks. These include large banks like State Bank of India and Punjab National Bank.
Private sector:-
The private sector banks live in the hands of their share holders. Such banks are operated by a private group. Since the 1990's liberalization, the number of private sector banks has increased in the country. Because the licensing process for private sector banks has been simplified since the economic liberalization.
Hope u can understand this!!!!
A large part of the stock in this type of bank is with the government. As an example, we can see that the State Bank of India is a public sector bank and 58.87% of its share is controlled by the government. Generally, public sector banks have more than 50% stake in the government. For this reason, these banks are also called the official bank in the language of common speaking.
The government has complete control over nationalized banks. These include large banks like State Bank of India and Punjab National Bank.
Private sector:-
The private sector banks live in the hands of their share holders. Such banks are operated by a private group. Since the 1990's liberalization, the number of private sector banks has increased in the country. Because the licensing process for private sector banks has been simplified since the economic liberalization.
Hope u can understand this!!!!
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