Although Japan’s economy bottomed out at the end of 1993, the pace of recovery remains relatively moderate, owing to various structural adjustment pressures on industries.
•  Private banks have comparatively greater freedom in terms of recruitment, salary and compensation. On the other hand, PSBs are perceived to offer more job security, and consequently, employee turnover is lower. •  PSBs dominate the banking sector in India and will continue to be dominant in the foreseeable future. However, these banks require substantial capital to support growth.