Difference Between Private and Government Indian Banks

 

The following characteristics would clarify the distinction between banks in the private and Government (PSU) Banks:

1. The government owns major shares in public sector banks, whereas private stockholders own the shares in private sector banks.
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4. Public sector banks own a total chunk of 72.9% of the market share, while private sector banks hold a share of 19.7%. Therefore, public sector banks control most of the Indian banking industry.
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6. Public sector banks have a substantially larger customer base than commercial banks.
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8. Compared to private banks, public sector banks have much greater transparency regarding their interest rate policy.
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10. Deposit interest rates offered by the public sector banks are greater than those in private sector banks.

Both public and private sector banks offer safe banking activities throughout India. However, the public sector banks, which are nationalized banks, are safest in terms of banking in India. 

There are 12 nationalized banks in India, including the State Bank of India, Punjab National Bank, Bank of Baroda, and Bank of India.