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A nationalized bank or a public sector bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks.
Ex: State bank of India, Indian Bank, Punjab National Bank etc.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoNationalized Bank refers to Government Undertaking or Managing Bank. As SBI & PNB are Government Banks its a Nationalized Bank
Wiki User
∙ 12y agoA Bank that is Partly (Majority ownership) or fully owned by the Government
Wiki User
∙ 9y agofUNCTION
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The total number of commercial banks nationlised so far in India is?
14
Are district cooperative banks government banks or private banks?
That would depend on where you live but cooperative banks are normally private banks owned by the people (but not the government).
What is tyra banks brothers name?
tyra banks brothers
How many universal banks are there in in India?
i think there nearly 10 banks which are universal banks
In the movie Mary Poppins What is the banks address?
Mr Banks, Mrs Banks, Jane Banks, Michael Banks, the staff and to some degree Mary Poppins, live at: 17 Cherry Tree Lane
The total number of commercial banks nationlised so far in India is?
14
How many bank nationlised in 2000?
No banks were nationalized in the year 2000 in India. The names of Indias Nationalized banks and year of nationalization are as follows:Allahabad Bank - 19 July 1969Bank of Baroda - 1969Bank of India - 1969Bank of Maharashtra - 1969Canara Bank - 1969Central Bank of India - 1969Corporation Bank - 1980Dena Bank - 1969Indian Bank - 1969Indian Overseas Bank - 1969Oriental Bank of Commerce - 1980Punjab & Sind Bank - 1980Punjab National Bank - 1969Syndicate Bank - 1969UCO Bank - 1969Union Bank of India - 1969United Bank of India - 1969Vijaya Bank - 1980Apart from these, there is State Bank of India which was nationalized in 1955.
What are the types of commercial banks?
Commercial banks can be classified based on who owns them. they are:Public commercial banks - The banks that are owned by the governmentPrivate commercial banks - The banks that are owned by private individuals or companiesForeign commercial banks - The banks that are owned by individuals or companies that are incorporated outside the country where the bank operates
The expression burst their banks means a Eroded their banks b Overflowed their banks?
The expression burst their banks means that they overflowed their banks.
What are specialised banks?
Specialized Banks are the banks, which are formed to fulfill specific requirements of business industries and export units.Export-Import Banks, Industrial Development Banks, Foreign Exchange Banks are the Examples of Specialized Banks.
How many banks in Cambodia in 2013?
There are a variety of banks in Cambodia but there are different types of banks. In total there are 8 Specialized banks, 32 Commercial banks and 29 Financial Institution banks.
Classification of Banks in India?
Classification of Banks in India is done into four main classes. The classes include commercial banks, savings banks, public sector banks and private sector banks.
Do banks accept pennies?
Some banks do, some banks don't.
How does the economy affect banks?
Commercial banks - NO. National banks - YES.
Are district cooperative banks government banks or private banks?
That would depend on where you live but cooperative banks are normally private banks owned by the people (but not the government).
What are some examples of offshore banks?
Offshore banks are banks that are out of the country of where the depositor is from or resides. The advantages of offshore banks are that they feature less taxes. Examples can include Swiss banks or Cayman Island banks.
What are the two types of banks?
types of commercial banks are: 1) public sector banks 2) private sector banks....
