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What is the difference between a national city bank and a normal bank?
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.
What is difference between public sector banks and nationalized banks?
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.
What is difference between public and private bank?
public bank is state owned banks whereas private banks are owned by private individuals or entities.
What is the difference between a national bank and a state bank?
All national banks must be members of the Federal Reserve System, while state banks can join if they wish.
What is the difference between a public bank and a private bank?
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.
