answersLogoWhite

0


Best Answer

Government bank is a financial institution which is established by the government of the country and where the excess amount of money in the form of currency or dollar etc.

User Avatar

Nabeer Mir

Lvl 2
2y ago
This answer is:
User Avatar
User Avatar

Daryl Collins

Lvl 1
2y ago
How do you know that?
User Avatar

Nabeer Mir

Lvl 1
2y ago
What u want to ask?
More answers
User Avatar

Wiki User

9y ago

The definition of a government bank is a financial institution ran by the governing body of a country. They are typically very large and contain billions of dollars.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Definition of government bank
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the definition of Treasury Bill?

definition of TREASURY BILLS is... treasury bills are issued by the state bank or central bank against the loan or money taken by federal government of that state.


What is a bank owner?

A person or a group of people who own the bank. In case of privately managed banks this definition holds true. In case of government banks or nationalized banks - it is the government of the country that owns the banks Ex: In India SBI - State Bank of India - is a nationalized bank - owned by Government of India KVB - Karur Vysya Bank - is a private bank owned by its promoters/owners


Legal definition of a bank loan drawdown?

what is the definition of bank "drawdown"


What is the difference between a government bank and nationalised bank?

the government bank is run by the state government and the nationalised bank is run by the federal government


Definition of urban co op bank in India?

definition of co op urben bank


What is the definition of banking by 10 authors?

definition of bank


What is the government bank?

A Government Bank is a bank that is fully owned by the ruling government of the country. It means that the government of the nation is the sole owning authority of the bank and it governs the functioning of the bank. Even if the bank declares bankruptcy the government holds the responsibility of returning all the money that was deposited by the customers.


What is the name of the largest bank in India?

The largest bank in India is State Bank of India. 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.


What is the definition of global bank?

asdsdsaads


Is axis bank semi government?

yes axis is the semi - government bank


What is the difference between bank charges and government taxes and duties on a bank statement?

Bank charges are fees charged by and received by the bank. Government taxes and duties are fees withheld by the bank and forwarded to the respective government.


What are the definition of local government in nigeria by different authors?

Definition of local government by different scholars