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Govt Banks

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Ashok Balwant

25 Points Posted on 11 February 2023

Are PSBs also government bank?

Are employees of PSBs also government employees?

Replies (3)

Quick Summary

This discussion clarifies the status of Public Sector Banks (PSBs) and their employees. While the government is a major shareholder in PSBs, their employees are considered staff of a banking company, not direct government employees. The conversation also touches upon the definition of a government company and the extent of government control over PSBs.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 11 February 2023

1. Government is shareholder in PSBs.

2. Bank Employees are not Govt. Employees. They are employees of a Banking company, in which Govt is also a shareholder.

Ashok Balwant

25 Points Posted on 11 February 2023

Then what is a government company? Are govt company employees also govt employees?

sabyasachi mukherjee

Profession

19978 Points Posted on 12 February 2023

Govt company is a company which controls the entire activities of a company. Here in this case all public sector banks stake is being controlled by government.