Deposits with public sector banks are insured unlike those with private banks , would explain the rationale behind continued patronage despite the bad service provided by public sector banks in Alzuria.
Step-by-step explanation:
Even today, the interesting debate between a private bank and a public sector is currently underway. Although private banks are generically favoured by the young generation, public sector banks usually stick to the old generation.
This decision needs to be considered even more closely when it gets down to loans as the closing of a savings bank account does not make it so easy to leave a bank loan. This particularly happens when long-term loans such as household loans or education loans are involved. Therefore, the positive and negative aspects of both public and private banks should be carefully evaluated before making the decision.