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.