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Meaning of private sector bank

Updated: 9/15/2023
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14y ago

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pvt sector banks are those banks in which majority of stake is hold by private individuals and not by the govt.

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Q: Meaning of private sector bank
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Related questions

What do you mean by private sector banks?

Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.


Is DCB bank a cooperative bank or private sector bank?

DCB Bank is a private sector Indian bank.


Is canara bank is private or government bank?

Canara Bank is a public Sector Bank meaning that it is owned largely by GOI.


Which bank is not in private sector?

There are numerous banks in India. A bank that is not owned by a private individual or a company is not a private sector bank. Ex: A bank that is owned by the government is not a private sector bank and is called a public sector bank. Ex: 1. State Bank of India 2. Bank of Baroda 3. Indian Bank 4. Indian Overseas Bank 5. etc.


What is private sector bank?

Private sector banks refer to banks which have the majority of stock owned by private people. The government cannot own a controlling share in a bank designated as private sector.


Is icici bank a private sector or public sector?

ICICI Bank is a private sector bank. ICICI Bank is India's largest private sector bank and is one of the top 5 big banks in the country. It has around 2000 branches across the country and serves millions of customers.


What is the meaning of other public sector bank?

other publick sector bank


What is a difference between icici bank and Punjab national bank?

icici is a private sector bank,Punjab national bank is a public sector bank


Best private sector bank of India 2010?

icici bank


What is India's second largest private sector bank?

axis bank


Is Oriental Bank of commerce is a private sector?

No. Oriental Bank of Commerce is a Public Sector Bank. visit http://www.obcindia.co.in for more details about this bank.


Which was the first private sector bank in India?

ICICI