Bank – Because Money Matters

What is Bank ?

It is an organization in which you can borrow money at low interest rate ,deposit money and who will keep ur money safe with some term and condition .

There are three types of bank : –

1. Public Sector Bankk

2. Private sector Bank

3. Foreign Bank

What is public sector bank ?

A bank whose more than 50% shake are held by government is called public bank.

What is private sector bank ?

A bank whose more than 50% shake are held by it’s shareholders.

What is foreign bank ?

Those bank whose headquarters are in foreign country and they are fully controlled by foreign country .

Now how many public sector bank in India ?

There are 20 public sector bank in India :-

1. Allahabad Bank – This bank established on 25 April 1865 by a group of european in Allahabad. Now it’s headquarter is in Kolkata which was shifted on 1923 from Allahabad. According to forbes global 2000 list it’s rank was 1882. Its 60% share is under the government.

 

Andhra Bank - This bank was establish on 20 Movember 1923 by Bogharaju pattabhi Sitaramayya. Now it's headquarter is in Hyderabad which was shifted on 1956 from Machilipatnam(Andhra Pradesh). Its 69% share is under the government.

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