Education and Career Forum

What is the difference between nationalized and private sector bank? Which job would be better? Can someone please justify the difference with right points and let me know the details. Awaiting to get the answer soon from you all!

Thank you.

Definitely there is a difference between Private and government banks. The main difference is about Job Security. But there is a lot of allowances will be there for Private bank Employees. And the Pay scale about the Salary is also high when compared with Government banks.

Top Private Banks in India are ICICI, Axis bank, HDFC , KVB etc., and Coming to Nationalized banks are Andhra Bank , UCO , Bank of India , Bank of Baroda and Punjab National Bank.

State bank of India is " Government Bank " and it shares major in banking Industry all over India. So my best suggestion is to chose job security jobs. But if you have more interest in all these things then you can apply for " Private banks " to earn more money from the initial stage of your career.

A Nationalized bank is one that is owned by the government of the country.Since the people decide who the government is,they are also referred as public sector bank.The government is responsible for the money deposited into account of these banks.
While the private sector bank is that is owned by an independent individual or a company that is control by individual.

Job in nationalized bank is better than the job in private job.
Nationalised bank works on the norms of government.
Private banks will have their own rules and regulations.
The pay in nationalized bank is fixed.
The pay in private bank depends on the experience,qualification and knowledge.
Job in nationalized bank give security.
Job in private bank is not secure.
In nationalized bank notification will be released by government.
In private bank,notification may or may not be released officially.