It is when a government takes over the bank or any other privately held company. This is also called central planning, but better known as socialism.
Colonel Nasser of Egypt nationalised the Suez canal, much to the disapproval of Britain & France.
Gamal Abdel Nasser, President of Egypt, decided on July 26, 1956 to nationalize the Suez Canal.
Iran .
It isn't beneficial to the US. It may be beneficial for the US oil companies, especially if the Iraqis decide to nationalize their natural resources.
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Nationalize banks are those banks which are come under government undertakings.
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It means to make a company National.
classification of banks on the basis of ownership consist the following branches 1) public bank 2)private bank 3)nationalize bank 4)statutory bank 5)chartered bank
Nationalize means to make distinctly national. Church designs in that century were nationalized.
RBI,the cenral bank of the country establishe on 1st April,1935 and it was nationalished on 1st January,1949 to control Indian monetory system.
No.
nationalize
Denationalize - private, ownership
a national bank is a bank basically where you save money, deposit money, get take money out. they can even loan you some money if you really need it but you would have to pay them back ofcoarse. Republicans suck penis hard and long
Yes it is very much possible. It is the decision of the government of the country to choose when or which bank they want to nationalize but they can't just pick up any bank that is held by a private company and nationalize it. There must be a valid reason. For ex: In India around 14 banks were nationalized in 1969 and a further 5 banks were nationalized in 1980. Let's say tomorrow a private bank declares bankruptcy and has thousands of customers who have deposited millions of rupees in the bank, to reduce impact to customers, the government of India can step in and say, we are taking over this bank (nationalizing it) and we'll be responsible for the money in it. This way the customers would be saved of the agony of losing their hard earned money.
Nationalize