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When was the nationalization of Indian railway is done?
1950
When did the Nationalization of the bank took place for the first time in India?
1969
What is the interest rate on saving accounts in all nationalization banks in India?
Currently it is at a minimum of 2.5 % p.a and banks offer upto 3.5% p.a on savings accounts. p.a - per annum or per year
What were the reason of nationalisation of banks?
Before nationalisation of banks most of the banks emerged and failed in their goals, even most banks were evolved with their motives of only profit making and not supporting the development process; this was conflicts with the nations goals. Lending processes of commercial bannks were discourages the small sector industries and export promotions. Expansion of the banking sector was limited to strategic business centers like New Delhi, Mumbai and Bangalore. That's why nationalization done in 1969 by Indira Gandhi, a prime minister of India
What two fiftenn letter words are spelled the same except the first letter?
Rationalization & Nationalization
What is the meaning of nationaligetion?
Did you mean nationalization? Nationalization is the act of nationalizing, or the state of being nationalized.
What 2 fifteen letter words are spelled exactly the same except the first letter?
Rationalization and Nationalization
What can nationalization of banks do for the economy?
Nationalization of banks can stabilize the economy by ensuring that financial institutions prioritize public interest over profit maximization, potentially leading to more equitable access to credit. It can also enhance government control over monetary policy and financial regulation, allowing for more effective responses to economic crises. Furthermore, nationalized banks can focus on funding essential sectors, such as infrastructure and social programs, promoting long-term economic growth and development. However, the success of such measures depends on effective management and governance to avoid inefficiencies and corruption.
Classification of Banks in India?
Classification of Banks in India is done into four main classes. The classes include commercial banks, savings banks, public sector banks and private sector banks.
What was the first thing that Roosevelt attended to as president was the?
The first important thing that FDR did was to get congress to close all the banks to stop the bank runs until audits could done and healthy banks could reopen. Answered BY: Levi M. Levitt
How have banks changed over the years?
It used to be hand done but now it is done by computar
What is the noun of nation?
The noun is nationalization.
