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Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.

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Q: Why public bank is better than private bank?
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Why private sector bank is better than public sector bank?

Private sector banks are better than public sector banks in the following aspects:They are more customer friendly and customer oriented. If they don't get customers they go out of business (Unlike public sector banks that would stay in business anyway because they are owned and run by the government)They offer more facilities than public sector banks (Because of the same reason in point a)They offer better interest rates for depositsThey offer a wider variety of products.I am not saying that public sector banks don't do all these things, just that they don't do it as aggressively or effectively as private sector banks because their existence is not dependent on customers whereas for private banks they will be bankrupt if customers refuse to bank with them.


Privately owned comapnies generally offer better stufdent loans than the federal government?

In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower interest rates and better benefits than private student loans.


Is chase bank online better than us bank online?

Generally speaking, they are about the same. While Bank of America has more trustworthy and better savings than Chase, Chase has a better credit card service.


Is Tesco Personal Finance a better option than bank financing?

It really depends on your situation if Tesco Personal Finance would be a better option than bank financing. I would say to go for the bank financing in my opinion, though.


Do credit unions have better bank rates than banks?

Yes, because they have more individual investers than a bank does and they have more say in what the rates should be unlike a bank's board memebers.

Related questions

Why private bank sector are performing better than public bank sector?

Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.


Is private school better than public school?

Depends on what kind of private school it is.


Does public ownership and central planning do a better job than private business and free markets?

No. Private ownership and free market is a better system than public ownership and central planning.


Why private sector bank is better than public sector bank?

Private sector banks are better than public sector banks in the following aspects:They are more customer friendly and customer oriented. If they don't get customers they go out of business (Unlike public sector banks that would stay in business anyway because they are owned and run by the government)They offer more facilities than public sector banks (Because of the same reason in point a)They offer better interest rates for depositsThey offer a wider variety of products.I am not saying that public sector banks don't do all these things, just that they don't do it as aggressively or effectively as private sector banks because their existence is not dependent on customers whereas for private banks they will be bankrupt if customers refuse to bank with them.


Difference between public bank and a private bank and foreign bank?

Public bank: More than 50% stake owned by government. Hence controlled (management, operations etc) by govt. Private Bank: More than 50% stake owned by private individuals or institutions within the country and registered in the same country. Private management. Foreign Bank: Banks registered outside the home country and owned by individuals/institutions from another country but with branches present in home country. Has to follow regulations of both countries.


Which bank do people prefer to go private or public bank?

These days' people are not so choosy about the bank they go to. There are so many banks and each of them giving almost all possible services to its customers makes the customers spoilt for choice… A customer would go to a public bank if they want 100% government guarantee for their money and are willing to tolerate slight lapses in service (Am not saying that public banks don't give quality service but sometimes they can be irritating and for that matter even private banks can irritate you but the chances are comparatively less) A customer would go to a private bank if they want a better quality service than what a public or government bank provides.


To get into Notre Dame law school is it better to go to a public or private school?

yes it is better to go to a private school than a public school. these types of colleges look at who has a better education to give scholarships to because if they give a scholarship to a student they want the student to do good.


Is it hard to make public school teams than private school teams?

It is much harder to make a public school team than private school because the private school has less people to try out so you have a better chance to make private school than public. There is also the aspect that many "all-star" players think that playing for a big high school will help them get looked at by colleges, so private schools are easier to make.


Are most public school bands better than private?

People will have different opinions about whether public or private school bands are better, but most will probably agree that a generalization about most school bands is difficult to make. While there are some outstanding public school bands, there are also some that are average and some that are poor. The same is true for private school bands.


Why are Catholic sport teams better than Public?

They tend to be better because they are private institutions so people must pay money to go to their schools, unlike public schools. Thus they have the money to hire nice sports coaches and afford better practice facilities.A:In some places they are. In other places Public school sports teams are better than Catholic schools.


What are the advantages of public college verses private college?

Generally, the public college system is cheaper to attend, but the education is good or better than the private. Just because you pay a lot of money doesn't mean the education is better. In many cases you get people teaching in the public college system that have "real world" experience and this carries over into the classroom.


Do private schools do better academically than public schools?

it all depends, I'm my point of view i think yes they do but it all depends on the persons opinion I for one could not survive at a public school, well at least that's what i have been told, I think public school kids should try private school and private school kids should try public school