0
There are many banks in India that are owned by the Government 1005. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI 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 and Vijaya Bank
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is the government more likely to close small banks or larger banks?
I would think smaller ones, because if a Large Bank falls, there may be a destabilizing effect on the economy. TARP was aimed mainly at the large banks - which proved to be a smart decision because those banks are the backbone of the financial sector.
Is NABARD a nationalised bank?
hi NABARD IS THE ONE OF THE APEX BANKS IN INDIA. TOTAL 5 APEX BANKS ARE THERE. THOSE ARE RBI, NABARD , EXIM BANK , IDBI , SIDBI . THESE ARE ALL WORKING UNDER UNION GOVERNMENT OF INDIA.
Difference between Investment Bank Retail Bank and Corporate Bank?
According to my research on our friendly world wide web i found out that, Investment banks: Are those banks which raise money by selling securities to other companies and government. At present (since Lehman brothers & Merill Lynch are out of picture) Goldman sachs and Morgan Stanley are largest investment banks in USA. Retail banks: Are those banks which directly deal with customers. It deals with savings account, checking account, personal loans etc Commercial banks: Take deposits and gives loan to corporations. Bank of America is the largest commercial bank. Universal banks: are banks that participate in activities of commercial banks as well as investment banks. Bank of America is an universal bank
What banks are subject to reserve requirements?
In the U.S., all banks which are insured by the FDIC are subject to those requirements. All other banks can do whatever they want, but most consider these banks shady.
How did FDR make the banking system stable again?
He closed all the banks and only reopened those with enough money.
What is the meaning of nationalize bank?
Nationalize banks are those banks which are come under government undertakings.
Is a job working in a Bank a Government job?
As the vast majority of banks are Corporations owned by stockholders or their depositors not governments, no. But there are a few government owned banks, a job in one of those banks would be a government job.
Are all banks in the us insured by the government?
Only those who display "Member FDIC" logo or sticker. Credit Unions are not a part of this!
Is the government more likely to close small banks or larger banks?
I would think smaller ones, because if a Large Bank falls, there may be a destabilizing effect on the economy. TARP was aimed mainly at the large banks - which proved to be a smart decision because those banks are the backbone of the financial sector.
What is the difference between commercial banks and nabard and sidbi?
Commercial Banks are of 2 kinds: Private and Nationalised Private Commercial banks are private sector banks like ICICI, Citibank, etc, which have no government stake in them. Nationalised Commercial banks are government owned commercial banks like SBI, Canara Bank, Punjab National Bank, etc. The government holds a large stake in these banks. NABARD and SIDBI fall under what are known as Development Banks. Development banks are those banks which mainly have 2 funcitons: One, to act as refinanciers, diverting funds through nationalised banks for development purposes and Two, to undertake development projects like training and supporting fledgling industries. A third category of banks are known as Cooperative banks. The DCCBs or District credit cooperative banks fall under this category. All the above mentioned banks are governed and regulated by the Reserve Bank of India.
Is NABARD a nationalised bank?
hi NABARD IS THE ONE OF THE APEX BANKS IN INDIA. TOTAL 5 APEX BANKS ARE THERE. THOSE ARE RBI, NABARD , EXIM BANK , IDBI , SIDBI . THESE ARE ALL WORKING UNDER UNION GOVERNMENT OF INDIA.
How did Franklin roosevelt make the banking system stable again?
He closed all the banks and only reopened those with enough money.
Why didn't the government just buy up home loans and forget the banks in 750000000000 bail out package?
Actually, the government could have bought some of the deriviatives that controlled those mortgages at bargain rates, they would NOT have had to do it one at a time. Instead, they gave the banks the money, and the banks can do whatever they want with the money. This was illegal, by the way. See the related question on Congressional oversight of the bailout money.
What are the problems faced by Indian banks?
Similar to those face by all other banks
Difference between Investment Bank Retail Bank and Corporate Bank?
According to my research on our friendly world wide web i found out that, Investment banks: Are those banks which raise money by selling securities to other companies and government. At present (since Lehman brothers & Merill Lynch are out of picture) Goldman sachs and Morgan Stanley are largest investment banks in USA. Retail banks: Are those banks which directly deal with customers. It deals with savings account, checking account, personal loans etc Commercial banks: Take deposits and gives loan to corporations. Bank of America is the largest commercial bank. Universal banks: are banks that participate in activities of commercial banks as well as investment banks. Bank of America is an universal bank
How safe are the area banks in Edgewater Fl?
Those banks that are insured by FDIC are pretty safe.
What is the bank holidays in the great depression?
By closing all the banks, FDR stopped the run on those financial institutions and also gave some comfort to the people who were worried about their bank accounts. After announcing he would close the banks, he told the public that federal examiners would check each and every bank closed. Those that were financially strong would be allowed to reopen. Those that were in bad shape would be closed, and those that needed help would be provided aid from the federal government. It boosted the confidence of the public that the government was doing something to protect their money.
