Ask your Question
   (100 characters left)
Search for questions:      Advanced
Credit Cards
Car Loans
Home Loans
Personal Loan
Education Loans
Fixed Deposits
Savings Accounts
Miscellaneous
Bank ATM Auto Loan Bad credit Loan Recovery Recovery Agents Indian Bank Canara Bank Corporation Bank Loan Calculator credit card fraud HSBC Bank Vijaya Bank Deutsche Bank Credit history Credit score Used car loan Saving Account Fixed Deposit Loan Finance ICICI Bank RBI SBI Disha HDFC ABN Amro CitiBank EMI Calculator Kotak PNB Barclays Home Loan Personal Loan Credit Card Interest rate
Resolved Question:
Show me another
What are the basic difference between Public Sector Bank and Private Sector Bank
In Miscellaneous  -  Asked by J P Lodha -  6 years ago

Best Answer:
HI..Don't be confused with the name! Public sector banks are those which are operated by govt. bodies and the employees get salaries from the govt. funds. check the list of banks below:
* Allahabad Bank
* Andhra Bank
* Bank of Baroda
* Bank of India
* Bank of Maharastra
* Canara Bank
* Central Bank of India
* Corporation Bank
* Dena Bank
* Indian Bank
* Indian Overseas Bank
* Oriental Bank of Commerce
* Punjab & Sind Bank
* Punjab National Bank
* Syndicate Bank
* UCO Bank
* Union Bank of India
* United Bank of India
* Vijaya Bank
* State Bank Of India

Private sector banks are the banks which are controlled by the private lenders with the approval from the RBI their interest rates are slightly costly as compared to Public sector banks. for further information you may check out he list below:
* Bank of Punjab
* Bank of Rajasthan
* Catholic Syrian Bank
* Centurion Bank
* City Union Bank
* Dhanalakshmi Bank
* Development Credit Bank
* Federal Bank
* HDFC Bank
* ICICI Bank
* IDBI Bank
* IndusInd Bank
* ING Vysya Bank
* Jammu & Kashmir Bank
* Karnataka Bank
* Karur Vysya Bank
* Laxmi Vilas Bank
* South Indian Bank
* United Western Bank
* UTI Bank
#If you want you may verify the listing from the RBI#
6 years ago - By Praveen Yadav

Other Answers (1)
Answer 1.
Main difference is only that Public follow the RBI Interest rules strictly but private banks could have some changes but only after the approval from the RBI!
6 years ago - By Harish
Answer: Open Questions RSS
how to get the name, surname, address of an account holder by using his account number.
plz change my resgisterd mobile number which is given in andra bank rajeev nager hyderabad
Where can I buy stylist and affordable Anarkali suits online?
Is there any insurance company that offers reimbursements for Ayurvedic treatment?
Is purchasing a Motor Insurance online simple?
View All
Discover: Resolved Questions RSS
NRI Services
Motor Car Insurance
Visa Debit Card
Singapore Bank In India
Suggestions for companies I can consult for investment management
View All
Vote: Undecided Questions RSS
Commercial Vehicle Insurance
Commercial Vehicle Insurance
Family Health Plan
View All
COMPARE RATES
Compare Car Loan Rates for a used car
Get best bank for Home Loan
Best FD rates by banks
Show All...
COMPARE QUICKLY
 Select a product:
 

CALCULATORS
More Calculators...
CALCULATE QUICKLY
 Select a product:
 

NEWS THIS WEEK
UCO Bank may cut rates by 50 basis points Aug 3, 2009
Your entire loan details on mobile phone – ICICI bank Aug 26, 2014
Jet Airways and ICICI Bank roll out a co-branded airline rewards credit card Aug 28, 2012
Exporters finding it hard to get dollar loans from banks Dec 3, 2007
Importance of reviewing your credit report Oct 22, 2009
News Archive
EDITORS' PICKS
Must have add-ons for luxury car insurance
Some New Ways to Save on Your Car...
Guide to get a an auto insurance claim...
Tips to reduce Auto Insurance Premium
An insight into two wheeler insurance