Indian Banking System
Public Banks A public bank is a financial institution that is owned and operated by a government entity, such as a state, city, or municipality, rather than by private shareholders. These banks are typically established to serve the public interest and may offer services like lending to government entities, businesses, and individuals, often with a focus on promoting economic development and financial inclusion within the community. Private Banks A private bank is a financial institution owned by private individuals or corporations, rather than the government, that provides financial services to individuals, often those with high net worth, including personalized financial advice, investment management, and wealth planning.