What is the differences between Government Banks and Private Banks?

A government-run bank is an institution that is owned by a government and administered by the central bank of the country. A private bank is one that operates independently of any type of public authority, such as a tax office or other national, state, or local agency.

Private banks can be divided into several different types: commercial banks, investment banks, savings and loan associations (S&Ls), mutual savings banks, building societies and credit unions. The boundaries between these categories are not always clear cut.