Global meltdown has motivated 60 per cent of salaried employees to go in for government owned banks for safer investment purposes as they feel that these are more credible and secure, while 20 per cent still prefer private banks for the same and remaining 20 per cent continue to show their apathy to either of the two, according to findings of a study be the Associated Chambers of Commerce and Industry of India (Assocham).
Over 250 salaried employees, businessmen, lawyers were interviewed for this study. It reveals that 50 per cent of salaried employees in all segments prefer private sector for mutual funds, while only 20 per cent opt for state owned banks. For loan facility, the majority of businessmen have preferred public sector banks as they found them much more reliable and secure, barring for home loans for which they prefer private banks.
Indian Overseas Bank, Corporation Bank, Punjab National Bank, State Bank of India and Syndicate bank are preferred by businessmen in the public sector, while among private banks they prefer HDFC, Citibank, ICICI and Kotak Mahindra.
