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CLASSIFICATION OF A BANKS ON THE BASIS OF OWNERSHIP

CLASSIFICATION OF A BANKS ON THE BASIS OF OWNERSHIP



Public sector bank : Public sector banks are those banks which are owned by government. Government also control them. Generally,Public sector bank are stated for service motive not for earning profit.The main objective of public sector is social welfare.


Private sector banks: Private sector banks are those banks which are owned and controlled by private sector or individuals. The main objective of private sector is to earn profit.

Cooperative banks: Cooperative banks are those banks which are organized by a group of individuals. The main objective of cooperative banks is to help its members. State cooperative banks,District cooperative bank, and Primary loan society are included in cooperative banks.

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