0
What are the effects of commercial bank nationalisation in India?
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
Who was the prime minister of India at the time of nationalisation of bank?
Indira Gandhi
When was Commercial Bank of India created?
Commercial Bank of India was created in 1845.
Is reserve bank of India a commercial bank?
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
Largest Commercial bank in India?
State Bank of India (SBI).
What is meant by nationalisation of bank?
Nationalisation of banks means taking private ownersip of banks to goverment.
The largest public sector Commercial Bank of India is the?
State Bank Of India
Which type of bank is union bank?
commercial bank from maharashtra, India
What is the position of sbi in world banks?
sbi is a government bank, initiated in the sub - continent by the British East India Company as Imperial Bank of India Rechristened as State Bank of India by the indian Republic in the year 1955. Nationalisation of Banks refer to the private Banks being taken over by the Government of India. The Nationalisation of the Banks was partly responsible for the breaking of the Indian National Congress Party.Mr. Morarji Desai resigned from Mrs. Gandhi Govt due to the Nationalisation of Banks, However Mr. Desai did endorse the policy of Mrs. Gandhi after coming to power in this respect. Thereby the well run entreprenuership of Banking Industry remained in shambles.
Which Indian bank in India is corresponding bank for national commercial bank jeddah Saudi Arabia?
state bank of India
Nationalisation of bank when Indira Gandhi was prime minister?
Yes
Define scheduled banks?
A Schedule Commercial Bank is a bank that is registered with the Reserve Bank of India and is authorized by the RBI to provide banking services. Without the approval from RBI a bank cannot provide banking services in India. There are many scheduled commercial banks in India. Some are: ICICI Bank, State Bank of India, HDFC Bank, Bank of Baroda etc
What is sheduled commarcial banks?
A Schedule Commercial Bank is a bank that is registered with the Reserve Bank of India and is authorized by the RBI to provide banking services. Without the approval from RBI a bank cannot provide banking services in India. There are many scheduled commercial banks in India. Some are: ICICI Bank, State Bank of India, HDFC Bank, Bank of Baroda etc
