1. What is the difference between Nationalised bank and Private Bank?
Those banks where the Government holds the majority stake (more than 50% of the shares) are known as public sector banks. A nationalised bank is formed by taking a bank and its assets into the public ownership and same to be “nationalised” under the “Banking Companies (Acquisition and Transfer of Undertaking) Bill”. And those where private institutions/individuals hold more than 50% of the shares are known as private sector banks.
