Which bank job is better government or private?
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Which bank job is better government or private?
Government banks are understaffed and hence more work. Private banks are better managed and you can grow by performing better than your colleagues. In general, bank officers command a respectable position in the society irrespective of whether they belong to the private banking sector or a public sector bank.
Why private sector banks perform better than public sector banks?
Overview of Private Banks in India They have also been hiring direct selling agents to sell credit products. This has allowed private banks to provide better services and amenities to the customer thereby allowing these banks to offer stiff competition to their public sector peers.
Which private bank is best for working?
HDFC Bank – The best bank to work among private sector banks | Glassdoor.
Is public sector bank job secure?
Also public sector banks offer their employees with a number of other benefits like, lower rates on loans, high percentage of interest on deposits, pension packages, and much more….Other work related benefits.
| Public Banks | Private Banks | |
|---|---|---|
| Job Security | Job security is high | Security of your job depends on performance |
Are private banks doing better?
The private banks have a better net interest margin (3.4 per cent vs 2.4 per cent for public banks); lower costs (a wage bill that is 8.7 per cent of income, compared to 13.8 per cent for public banks); and therefore, continuing profitability even as public banks have lost money for the last five years.
Why is a private bank better?
The biggest advantage of private banking is having a dedicated person – or a team of people – who already knows your circumstances. Private banking can make it easier to deposit checks, initiate wire transfers, order checks and more. Some of these might not even require an in-person visit.
Which private bank is best for employees in India?
Here is the best employee friendly banks in India
- State Bank of India. State Bank of India is probably the most employee friendly bank in the country, as of yet due to its values pertaining to transparency.
- Punjab National Bank.
- Bank of Baroda.
- Kotak Mahindra Bank.
- Federal Bank.