State-owned banks

State-owned banks are financial institutions owned and operated by the government. They serve public interests by providing essential banking services, such as loans and savings accounts, often focusing on economic development, financial inclusion, and social stability. These banks may support government programs, fund infrastructure projects, or assist underserved communities. Unlike private banks, their primary goal isn't maximizing profits but promoting national economic objectives. They are regulated by government authorities to ensure transparency and stability but can face challenges like political influence or operational inefficiencies.