PUBLIC SECTOR

v/s
PRIVATE SECTOR
BANKS
INTRODUCTION:
Banking Sector plays an important role in economic development of a country.
Banks mobilize the savings of community into productive channels.
The banking system of India is featured by a large network of bank branches,
serving many kinds of financial services of the people. The State Bank of India is
one of the leading bank of public sector in India. ICICI Bank is second largest and
leading bank of private sector in India.
RBI : The Reserve Bank of India is India's Central Banking Institution,
under which every transaction is monitored.
It’s foremost role is to regulate the issue of Bank Notes and, keeping of
reserves with a view to securing the monetary stability in India.
It is the Bank to banks. All commercial banks i.e. Public sector and Private
sector banks operate under RBI.
PUBLIC SECTOR BANKS:
 The major part of stake or equity is held by the government.
 The government controls the bank.
 The main motive is the benefit of the people and providing services.
 The decisions are generally in the interest of the public.
 They provide services to all sections of the society.
PRIVATE SECTOR BANKS:
 The greater part of stake or equity lies in the hands of private shareholders.
 The interest rates of private banks are generally slight costly as compared to
public sector banks.
 They are known for better customer services and investment opportunities.
 A private bank mainly focuses on short term interest.
 Comparison of products & services in both
the sectors(1)
• SBI • ICICI
Women: SuperShakti Account Women: Advantage Women Savings Account
Women's Debit Card
Stree Shakti Tractor Loan (launched on 12th
June, 2014)
Stree Shakti Scheme-Loans to Women Children: Young Star (Minor Under
Entrepreneur Guardianship Account)
Smart Star (Minor Self Operated Account)
Children: Bank@Campus
Pehla Kadam(2015) Child Education Plan
Pehli Udaan(2015)