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    Bank

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    sanuj singh
    This document discusses different types of banks, including public sector banks and private sector banks. Public sector banks are banks where the government owns over 50% shares. They offer services nationwide and have large customer bases due to perceptions of security. However, they also have disadvantages like bureaucratic management and inability to make quick decisions. Private sector banks are majority owned by private entities. They offer customized services and quick decisions but charge more fees and don't serve rural areas as extensively.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Bank

    Uploaded by

    sanuj singh
    20 views11 pages
    This document discusses different types of banks, including public sector banks and private sector banks. Public sector banks are banks where the government owns over 50% shares. They offer services nationwide and have large customer bases due to perceptions of security. However, they also have disadvantages like bureaucratic management and inability to make quick decisions. Private sector banks are majority owned by private entities. They offer customized services and quick decisions but charge more fees and don't serve rural areas as extensively.

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    This document discusses different types of banks, including public sector banks and private sector banks. Public sector banks are banks where the government owns over 50% shares. They offer services nationwide and have large customer bases due to perceptions of security. However, they also have disadvantages like bureaucratic management and inability to make quick decisions. Private sector banks are majority owned by private entities. They offer customized services and quick decisions but charge more fees and don't serve rural areas as extensively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views11 pages

    Bank

    Uploaded by

    sanuj singh
    This document discusses different types of banks, including public sector banks and private sector banks. Public sector banks are banks where the government owns over 50% shares. They offer services nationwide and have large customer bases due to perceptions of security. However, they also have disadvantages like bureaucratic management and inability to make quick decisions. Private sector banks are majority owned by private entities. They offer customized services and quick decisions but charge more fees and don't serve rural areas as extensively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 11

    A bank is a financial institution

    licensed to receive deposits and make


    loans. Banks may also provide
    financial services such as wealth
    management
    Types of Bank
    Central Bank.
    Cooperative Banks.
    Commercial Banks.
    Regional Rural Banks (RRB)
    Local Area Banks (LAB)
    Specialized Banks.
    Small Finance Banks.
    Payments Banks.
    Banking Product
    Fixed Deposit
    Recuring Deposit
    Debit Card
    Credit Card
    Savings Account
    Current Account
    What is Public Sector Bank ?
     Public sector banks are those banks where the
    government holds more than 50% ownership. With
    these banks, the government regulates the financial
    guidelines. Because of government ownership, most
    depositors believe that their money is more secured in
    public sector banks. As a result, most public sector
    banks have a large customer base.
    Advantages of Public Sector Bank
     Here are some advantages customers get from
    public sector banks.
     High-interest rate on deposits
     Low-interest charge on loans
     Employees get full job security
     These employees also get a pension after retirement
     Offer service to a large customer base
     Offer their service to the rural part of the nation
     Offer financial service through multiple branches
    Disadvantages of Public Sector
    Bank.
     Here are some disadvantages associated with public
    sector banks.
     The big bureaucratic system at the management level
     Inability to a big financial decision quickly
     Offer less customized service to the customers
     Too many complaints against the employees for their poor
    service
     Most public sector banks are suffering from big corruption
    scandals
     High defaulter rate from the customer
     Public sector banks spend lots of money on financial
    operation
    What is Private Sector 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.
    Advantages of Private Sector Bank
     Here are some advantages that are associated with
    private sector banks.
     Private Sector Banks offer quick service to the
    customers.
     These banks also offer customized services according
    to the customer’s financial needs.
     Private Sector Banks has a streamlined management
    system.
     Quick financial decision making is possible in private
    sector banks
    Here are some common disadvantages of private sector
    banks.
    Private Sector Banks charge extra on every financial service.
    These banks only operate in cities and out of reach for the
    rural population.
    Private Sector Banks offer no job security to the employees.
    Thank you

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