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Bank of India is a Nationalized Public Sector Bank in India with majority stake being held of Government of India

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13y ago
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12y ago

No, its a private bank

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Q: Is bank of India a govt of India undertaking bank?
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Punjab national bank is a government or private?

State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.


Is IDBI an associate of reserve bank?

it comes under "other public sector Banks" classified by RBi. every bank has to get approval from RBI to get started. IDBI is fully owned by Govt of India now


Which is the biggest enterprise of the govt of India?

Indian power sector


How do use the Axis Bank in India to pay taxes?

The Axis Bank is the First Private Sector Bank to be authorised by the Reserve Bank of India (RBI) and Government of India for collecting Taxes on behalf of State Government with authorisation of the Bank for Collection of Commercial Taxes in the twin cities of Hyderabad and Secunderabad for Govt. of Andhra Pradesh since July 2001. You have to contact the Axis Bank or its Call Center for advise. You should also use a tax adviser or an online tax calculating program. The Axis Bank solution does not replace paperwork and filing.


When was Reserve bank of India nationalized?

There are many nationalized banks in India. Their names and year of nationalization are as follows: 1. Allahabad Bank - 19 July 1969 2. Bank of Baroda - 1969 3. Bank of India - 1969 4. Bank of Maharashtra - 1969 5. Canara Bank - 1969 6. Central Bank of India - 1969 7. Corporation Bank - 1980 8. Dena Bank - 1969 9. Indian Bank - 1969 10. Indian Overseas Bank - 1969 11. Oriental Bank of Commerce - 1980 12. Punjab & Sind Bank - 1980 13. Punjab National Bank - 1969 14. Syndicate Bank - 1969 15. UCO Bank - 1969 16. Union Bank of India - 1969 17. United Bank of India - 1969 18. Vijaya Bank - 1980 Apart from these, there is State Bank of India which was nationalized in 1955

Related questions

Who is the highest government employee paid in India?

the chairman of state bank of India is the highest govt employee paid in India.


Is Punjab national bank a government bank?

this is a govt. bank. this is a govt. bank.


How much amount of fixed deposit can you get done in union bank of India an Indian govt bank by tendering cash?

10000


How much rupees did each citizen of India should pay to the govt for the India's loan bought from world bank?

7.6 billion


Punjab national bank is a government or private?

State Bank of India is a government bank. The Government of India owns the bank and controls the functioning of the bank. All employees of SBI are considered government employees and they are directly answerable to the government of India.


Axisbank is a private bank or government bank?

AXIS BANK IS A Govt. BANK, under Indian Govt.


Why does a hundred rupee note have the Reserve Bank of India typed and the One rupee coin have Government of India written on it?

One rupee coin is issued Govt. of India to cope with fianacial crisis and have no value if you go to Reserve Bank of India to exchange with gold.


Is hdfc is a government of India undertaking bank?

No. Housing Development Finance Corporation is the company that owns HDFC Bank. It is a private bank and is not owned by the government of India HDFC Bank is one of the big four banks in India along with SBI, ICICI and PNB. Mr. Aditya Puri is the Chairman and Managing Director of HDFC Bank. It has over 2000 branches across India.


Is Indian bank a central govt job?

Yes Indian bank jobs is a central bank jobs. For more information on central and state govt jobs please visit jobsnexams.com


How much govt holds stake in public sector?

A public sector bank in India is a bank that is fully or majorly owned by the government of India. The government in most cases owns 100% rights in the bank in some cases atleast 80% or more stake in the bank thereby making them a public sector or government owned bank.


What is PSU banks?

Public Sector Bank of India..... PSU stands for Public Sector Undertaking. ...It also means that the Government owns that entity.... A Government owned bank is one that is fully owned by the national government.Which were nationalised in 1969..SBI,PNB,UNION BANK OF IND.BoB ETC are some solid psu....


How many central bank in world?

There is only one central bank in India,is Reserve Bank of India.Central bank of a country means those bank which controls and regulates all banking functions and regulations inside the country under the control of centre Govt..