National city banks are like Wells Fargo, they are used nation wide and have high fees for nonmembers. A normal bank is something like your local bank that usually does not have outrageous fees for nonmembers.
Nothing. There is no difference. Because the term public sector bank and nationalized bank refers to the same thing. A bank that is owned by the government. Since it means the same thing, there cant be any difference between the two terms.
public bank is state owned banks whereas private banks are owned by private individuals or entities.
All national banks must be members of the Federal Reserve System, while state banks can join if they wish.
Most of the time, the biggest difference between pubic and private banks is that public banks typically have government ownership and private ones are businesses with strict profits in mind. Additionally, many public banks are poorly operated in comparison to their private counterparts.
National city banks are like Wells Fargo, they are used nation wide and have high fees for nonmembers. A normal bank is something like your local bank that usually does not have outrageous fees for nonmembers.
Nothing. There is no difference. Because the term public sector bank and nationalized bank refers to the same thing. A bank that is owned by the government. Since it means the same thing, there cant be any difference between the two terms.
public bank is state owned banks whereas private banks are owned by private individuals or entities.
All national banks must be members of the Federal Reserve System, while state banks can join if they wish.
Most of the time, the biggest difference between pubic and private banks is that public banks typically have government ownership and private ones are businesses with strict profits in mind. Additionally, many public banks are poorly operated in comparison to their private counterparts.
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
Actually the services provided by a commercial bank and a rural bank are the same. They both provide bank accounts, accept deposits, grant loans etc. to its customers. The only difference between the two is the population they serve. Commercial banks serve the general population of the country that live in cities and towns whereas the rural banks serve the customers from the rural villages of the country.
private banks are the banks for wealthy people, the private banker invest the client's money in the stock marketor others investments, takes care of tax issues
Usually the central bank of a country is called the bank of banks or the banker of banks. When normal banks have a shortage of cash or need some funds or guidance, they go to the central bank. That is why they are called so. In india, the Reserve Bank of India is the bank of all other banks in India.
State Bank of India is the largest bank in India and is also a nationalized bank that has many banks that are associated with it (Actually it owns and controls these banks) An Associate Bank of SBI is just a normal bank that can provide any and all banking services to its customers. The only point to note is that, State Bank of India owns and controls them. The associate banks of SBI are: a. State Bank of Bikaner & Jaipur b. State Bank of Hyderabad c. State Bank of Indore d. State Bank of Mysore e. State Bank of Patiala f. State Bank of Travancore
Public banks are ones that are fully or partially owned by the government of that country. A private bank is one that is owned by an individual or by a group of people.
What is the difference between bank loan and bank credit?