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Reserve bank of India not only regulates the public sector banks in India, but also the private banks and international banks that operate inside India. Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.
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What is the Importance of public sector banks in India?
Public sector banks are banks that are owned by the government of India. The most important use of public sector banks is the fact that, it is used by the government to dispense the pension amounts for the retired employees of state and central government if India.
Which is the oldest Public Sector Bank in India?
The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.
Is IDBI an associate of reserve bank?
it comes under "other public sector Banks" classified by RBi. every bank has to get approval from RBI to get started. IDBI is fully owned by Govt of India now
Who is the editor of Times of India in public sector?
the editor of times of India is Jaideep Bose.
Which is richest bank after rbi in India?
State Bank of India is the richest bank in India after RBI. Mr. O.P. Bhatt is the present Chairman (Head) of State Bank of India. SBI is the largest bank in India and is also the largest public sector bank in India. It has more than 16,000 branches in India which is the largest banking branch network in India.
Function of public sector banks?
function of public sector in india
Which one is largest public sector bank in India?
State Bank of India is the largest public sector bank in India
Who is the regulator for the financial services sector?
In India, it is the RBI - The Reserve Bank of India
Banking sector in India?
it means compulsory reserve ratio.
What is Public sector of India?
TUFF
Public sector banks in India?
State Bank of India
What is the Importance of public sector banks in India?
Public sector banks are banks that are owned by the government of India. The most important use of public sector banks is the fact that, it is used by the government to dispense the pension amounts for the retired employees of state and central government if India.
What is the biggest public sector bank in India?
SBI
Which is the oldest Public Sector Bank in India?
The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.
Which public sector bank of India has its largest number of branches in India?
SBI
Which is the largest public sector organisation in India?
Indian Railways
What is the fdi limit in public sector banks in india?
26%
