Question

what is public sector banks anf private sector bamks

Answer 1

Public sector banks are those where majority of the stake in the bank is held by government. Where as in private sector bank, majority is held by share holders of the bank.

Private Sector Banks:

In these banks, most of the equity is owned by private bodies, corporations, institutions or individuals rather than government. These banks are managed and controlled by private promoters. 

Answer 2

Public sector banks:- they are under the control of the government which demand collateral and provide lower rates of interest. Some of the examples are cooperatives, banks etc.

Private sector banks:- they are not under the control of the government which demand a higher rates of interest. Some of the examples are Moneylenders and bankers.