It depends on your priorities. If you are willing to buy some time and waste less money, then go for PSU banks. They take time, but are very transparent and their interests are reasonable and have no hidden charges but you might not get the expected amount.
Private banks offer good service, fast processing and you might the get amount as you expect but beware of hidden charges, high interest rates, they are slow to reduce interest rates, have pre-closure charges, etc.
so if you are in a hurry, financially smart and have a keen eye for detail, and expecting your income to rise considerably in the future, or surely make profit from your home, then go for private banks but keep a tab on their charges every month.
If you just want a peaceful home to stay, and not get into any further trouble in the future, just struggle a bit till you get the loan from a PSU bank and be contempt.
As of now competition is tough and all banks offer interest rate in the range of 9 percent to 10.75 percent. This is one of the best times to buy a home loan with interest rates at a low point. If you are young and your spouse is earning or financially secure, go for floating rate of interest, as interest rates are expected to go down due to the market conditions.
If you are already having a lot of financial commitments and have saved very less money, and don't want to take any risks go for fixed rate of interest home loan.
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