PRIVATE BANK

1. PRIVATE BANK Presented by:-Kusum B.com(Prof.)059 100243014

2. What is private bank • Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). • Private banks are not incorporated. • In any such case, the creditors can look to both the “entirely of the bank’s assets” as well as the entirely of the sole-proprietor/general-partners’ assets.

3. Private banks are two categories are:- • Old private banks and • New private banks

4. Old private banks • The banks, which were not nationalized at the time of bank nationalization that look place during 1969 and 1980 are known to be the old private-sectors banks. • These were not nationalized, because of their small size and regional focus.

5. List of the private banks

6. New private bank • The banks, which came in operation after 1991, with the introduction of economic reforms and financial sector reform are called “new private-sector banks”. • Banking regulation act was then amended in 1993, which permitted the enter of new private-sector bank in the Indian banking sector.

7. List of new private bank

8. What do we offer to the private banking customers. • There are different levels are service offered by different financial institutions associated with private banking. • Full range of banking services on a “one-stop-shop” basis • Private banker’s service and assistance of qualified specialists • High-quality financial planning and advisory

9. Advantage of private banks • Personal team • A private banking client contract • A personal financial strategy • It will be invited to regular client seminars and other events

10. Disadvantage of private banks • Surplus employee • No of branches in rural areas • Unbalanced growth • Job for relatives • Loans for few persons • Owners association