DCB Bank is a private sector Indian bank.
IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. As a Development Bank it is number 10 world wide and yes it is a government "related" bank, separate but subject to political decisions on the political kind.
no
your bank and the other bank may charge you a fee.
the second National Bank. :)
A scheduled bank is a private sector bank given a schedule status by the RBI while a Public sector bank is a government undertaking bank .Some scheduled bank were nationalised to merge with other public sector bank or operate independently as government undertaking banks.
Canara Bank is a public Sector Bank meaning that it is owned largely by GOI.
State Bank of India is the largest public sector bank in India
Public Sector banks is a term that is used to refer to a type of bank in India. They deal with stocks and other financial matters ,they are mainly controlled by the government.
icici is a private sector bank,Punjab national bank is a public sector bank
dena bank
49%
No. Oriental Bank of Commerce is a Public Sector Bank. visit http://www.obcindia.co.in for more details about this bank.
The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.
They both refer to one and the same. A public sector bank is also called a nationalized bank. It means that the government of the nation is the sole owning authority of the bank and it governs the functioning of the bank. Even if the bank declares bankruptcy the government holds the responsibility of returning all the money that was deposited by the customers.
bank of baroda
A public sector bank in India is a bank that is fully or majorly owned by the government of India. The government in most cases owns 100% rights in the bank in some cases atleast 80% or more stake in the bank thereby making them a public sector or government owned bank.