Banks have always been private. The government only wants control of them as of late. Banks did receive public insurance because of the run during the depression, but they have always been private, never a need to privatize.
privatization motives are the following : efficiency, receipts and the rationalism
Privatization of insurance sector means that the sector is transferred from the hands of the government to private individuals. The decisions and operations of a privatized sector are fully transferred to the new private owners.
They are being regulated because it is likely they will try to get more money from customers, which will put the economy out of shape
Banks establish websites for many reasons. Some are: a. To create a platform through which they can advertise/explain the services and facilities they offer b. To provide online/internet banking facilities to their customers
Banks are regulated because banking requires a certain amount of trust in the institution in which citizens place their savings. It's seen as a right of the public to have reassurance that their money is being handled responsibly and will be available to withdraw as needed.
what are the reasons for the privatization in Pakistan
One of the reasons for privatization is to ensure that a firm or organization gets better management. Privatization may also be one way to improve on profits.
This is a web with links to an example of a bank privatization [http://www.slvadvisors.com/News.htm]
Guillermo Barnes has written: 'Lessons from bank privatization in Mexico' -- subject(s): Banks and banking, Privatization
T. T. Ram Mohan has written: 'Privatization in India' -- subject(s): Economic policy, Privatization 'Productivity and efficieny at public and private sector banks in India' -- subject(s): Banks and banking
It is advantageous for all government corporations to engage in privatization. There is always a substantial amount of transactions that need concealing from public eye.
Privatization of banks refers to the action where government owned banks are sold to private institutions that can buy them. Once sold, they become privately owned entities and are operated as per the guidance of the firm owning them.
no i do not support privatization of bank because in 1969 the ex prime minister indira gandhi nationalized the f14 bank for social economic development . before f1969 bank was aim to gain profit only profit . they has no concern for people .if again bank is to be privatization so bank;s aim will be only to gain more profit and profit and control the economy to business man
what do you understand by the terms privatization and commercialization in nigeria
Features of privatization
the banks went bankrupt
privatization motives are the following : efficiency, receipts and the rationalism