which banks do you prefer are safer ( private sector or government sector)?
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Answered by
1
I prefer the government sector banks because if anything happens the disappointing news would surely blow up so they would do their best to compensate; they're a public sector so if they don't perform their job well, it would be shameful.
Answered by
2
1. Paper work, efficiency and turnaround time
Private Bank
Better management and faster processing times than their counterparts. Their DSA’s have strict sales target every month and hence move faster to reach sales goals.
Government Bank
They are NOT bothered about their performances most of the time. So, they move a lot slower but are steady in their process.
2. Interest rates fluctuation
Private Bank
Interest rates are increased by private bank as soon as RBI (Reserve bank of India) increases its REPO rate, but do NOT decrease with same speed at least for existing loan customers.
Government Bank
The interest rate policies are more transparent in public sector banks than private banks.
They keep same policies for all loan customers and decreased rate is effective for existing customers also almost immediately.
3. Paper work, efficiency and turnaround time
Private Bank
Better management and faster processing times than their counterparts. Their DSA’s have strict sales target every month and hence move faster to reach sales goals.
Government Bank
They are NOT bothered about their performances most of the time. So, they move a lot slower but are steady in their process.
4. Interest rates fluctuation
Private Bank
Interest rates are increased by private bank as soon as RBI (Reserve bank of India) increases its REPO rate, but do NOT decrease with same speed at least for existing loan customers.
Government Bank
The interest rate policies are more transparent in public sector banks than private banks.
They keep same policies for all loan customers and decreased rate is effective for existing customers also almost immediately.
Hope it will help you
Private Bank
Better management and faster processing times than their counterparts. Their DSA’s have strict sales target every month and hence move faster to reach sales goals.
Government Bank
They are NOT bothered about their performances most of the time. So, they move a lot slower but are steady in their process.
2. Interest rates fluctuation
Private Bank
Interest rates are increased by private bank as soon as RBI (Reserve bank of India) increases its REPO rate, but do NOT decrease with same speed at least for existing loan customers.
Government Bank
The interest rate policies are more transparent in public sector banks than private banks.
They keep same policies for all loan customers and decreased rate is effective for existing customers also almost immediately.
3. Paper work, efficiency and turnaround time
Private Bank
Better management and faster processing times than their counterparts. Their DSA’s have strict sales target every month and hence move faster to reach sales goals.
Government Bank
They are NOT bothered about their performances most of the time. So, they move a lot slower but are steady in their process.
4. Interest rates fluctuation
Private Bank
Interest rates are increased by private bank as soon as RBI (Reserve bank of India) increases its REPO rate, but do NOT decrease with same speed at least for existing loan customers.
Government Bank
The interest rate policies are more transparent in public sector banks than private banks.
They keep same policies for all loan customers and decreased rate is effective for existing customers also almost immediately.
Hope it will help you
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