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IndianMoney provides an unbiased free financial advice to ensure that you are not misguided while buying any kind of financial products or services. Before buying any financial services from your agents or associates, just give a missed call to IndianMoney @ 022-6181-6111 and talk to our financial advisors and get the right information about all type of financial products (Insurance, Personal or Business Loan, Motor Insurance, Bank Accounts, Deposits, Mutual Funds, Stocks or Real Estate Properties). At Indianmoney, the company has around 300+ strong team to share Mr. Sudheer's vision that "The dream of a developed India is possible only when we have 100% Financial Literacy".

Public Sector Banks

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Public Sector Banks are those banks in which the Central Government holds majority of the stake. Generally, Central Government holds 51% (or more) of the stake in a Public Sector Bank. Central Government is responsible for managerial control of all Public Sector Banks. Similarly, Private Sector Banks are those in which a private entity has majority of the stake. If Central Government buys majority of the stake in a Private Sector Bank, then that bank would be called as ‘Nationalized’. This process of Central Government purchasing the majority of stake in a Private Sector Bank is called as ‘Nationalization’. Visit to know more.

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