What is private banking in finance field?Is that like any illegal banking?? Or getting approved by the government, Answers will be appreciated. |
What is private banking in finance field?Is that like any illegal banking?? Or getting approved by the government, Answers will be appreciated. |
Hey private banks are not illegal .. its only approved by the government.. but that private bank service are not that much good than government banks. There may be high rate interest for loans.. And also they will give harassment when you fail or delayed to pay the loan amount..
Ha! I got a few chuckles out of that one.
No, private banking is like regular banking for rich people. A short explanation is one on one service all the time and services customized to you specifically. Although technically incorrect, it is "banking by invitation only."