How many banks were first nationalised in India?
14 Bank were first nationalized in India
In 1980, there were 20 nationalised banks and State Bank of India and its 7 associate banks. In 1993, the New Bank of India was merged with Punjab National Bank reducing the number of nationalised banks to 19. However, as per Ministry of Finance, Govt. of India, IDBI was treated on par with nationalised bank. Thus there are 20 nationalised banks at present. Among the State Bank group, two banks - State Bank of Saurastra…
14 banks were nationalized in the year 1969. A Nationalized Bank is one that is owned by the Government. A Government owned bank is one that is fully owned by the national government. They are also called Nationalized Banks or Public Banks. For ex: State Bank of India, Indian Bank, Indian Overseas Bank are all famous nationalized/government owned banks in India.
There are many nationalized banks in India. Their names are as follows: State Bank of India & its subsidiaries Allahabad Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank
The details of the number of banks in india are as follows: a. Scheduled Commercial Banks - 68 b. Urban Cooperative Banks - 11 c. Rural banks - 34 Each of these categories of banks may have hundreds of thousands of branches in India. The Top 5 banks in India are: a. State Bank of India b. ICICI Bank c. HDFC Bank d. Bank of Baroda e. Punjab National Bank
i think at present only nationalised banks are permitted to import gold from other contries to India,and only some refineries like minerals and metal corp. India companies are able to get from the banks,so i think we cannot buy gold from banks. also you can buy in icici and hdfc banks,but the rate is higher as +10 prcent to market price. go to a local jewellery store and ask for 99.5 bar at market price…