Private Sector Commercial Banking is a category of banking that aims to provide privileged services to its customers. Private Sector Commercial Banks are financial institutions that primarily owned and operated by high-net-worth private individuals and business organizations. On the other hand, Public Sector Banks are owned and operated by a government entity.
When you think about banking, the first preference goes to Nationalized Public Sector Commercial Banks like SBI, Canera Bank, Bank of Baroda etc. Why do people give higher privilege to Nationalized banks? The basic answer is very simple - India Govt. has a good control over Nationalized Commercial Banks. They are forced to follow the instructions issued by Central Govt. and RBI. They are dominating over 90% of the banking sector in India that plays big economic role of India's development.