PSUs OR Private Banks

It is more about getting loans fast with low ROI that matters the most rather than which one go for. There is Chinese saying that says that the colour of the cat does not matter as long as it catches mice.

The same goes for the banks as well. There is no things such as which one to go for or which one is better? Though it is seen that currently PSUs are slightly cheaper with regards to home and car loans but then their norms and procedural formalities are slightly more tight.

But when it comes to personal loans, the PSU banks are not aggressive players at all in this field hence their counterparts, private sector banks, are the only choice left with the consumers.

On credit cards field again the PSU banks are little low (although SBI cannot strictly be classified as a PSU since it is managed by a JV between SBI and GE with regards to credit cards).