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Nationalisation of banks means taking private ownersip of banks to goverment.
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Nationalisation of bank when Indira Gandhi was prime minister?
Yes
Who was the prime minister of India at the time of nationalisation of bank?
Indira Gandhi
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.
What are the effects of commercial bank nationalisation in India?
The effects of nationalization of the Commercial Bank in India is that it has had a positive effect on the economy. The natives of the country have directly benefited from nationalization of the bank because they own it.
What is nationalisation in education?
it means that the system of educaton will be
How many banks were in second phase of nationalisation?
6
What is meant Payment through bank in business terminology?
Covering letter for bank
What is it called when the government takes over a private industry?
Nationalisation
When a company eats up its own market share what is it called?
nationalisation
When was the second phase of nationalisation of banks done?
15th April, 1980
RBI nationalized in which year?
The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation. The image is a newspaper clipping giving the views of Governor CD Deshmukh, prior to nationalisation
What is meant by motives of commercial bank?
saving the money
