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1. It discourages the initiative of branches as branch managers have limited powers and most of the time they want for the clearance from regional offices or head offices.
2. Branch banking encourages monopolistic conditions in the banking because a few big banks control the banking business over the entire length and breadthe of the country.
What else can I help you with?
Which of the nationalised Banks is not situated in Maharashtra state?
Dena bank
Is dena bank is a nationalised bank or not?
IT is surprising that this question is being asked. Dena Bank was one of the fourteen banks nationalised in 1969. At that time, it was one of the bigger banks having 5th position all India.
Is Syndicate Bank a nationalised bank?
Yes. Canara Bank is a Nationalized Bank. It is one of India's oldest banks. It has over 3000 branches and 4000 ATMs across India. It was Nationalized in the year 1969 and has been owned by the Government of India ever since.
How many nationalized banks are there in India?
please mention the various nationalized banks By the 1960s, the Indian banking industry has become an important tool to facilitate the development of the Indian economy. At the same time, it has emerged as a large employer, and a debate has ensued about the possibility to nationalise the banking industry. Indira Gandhi, the-then Prime Minister of India expressed the intention of the GOI in the annual conference of the All India Congress Meeting in a paper entitled "Stray thoughts on Bank Nationalisation." The paper was received with positive enthusiasm. Thereafter, her move was swift and sudden, and the GOI issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of July 19, 1969. Jayaprakash Narayan, a national leader of India, described the step as a "masterstroke of political sagacity." Within two weeks of the issue of the ordinance, the Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received the presidential approval on 9 August, 1969. A second dose of nationalization of 6 more commercial banks followed in 1980. The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the GOI controlled around 91% of the banking business of India. Later on, in the year 1993, the government merged New Bank of India with Punjab National Bank. It was the only merger between nationalized banks and resulted in the reduction of the number of nationalised banks from 20 to 19. After this, until the 1990s, the nationalised banks grew at a pace of around 4%, closer to the average growth rate of the Indian economy.
How many banks were nationalised in India in 1969?
In the year 1980, the second phase of nationalisation of Indian banks took place, in which 7 more banks were nationalised with deposits over 200 crores. With this, the Government of India held a control over 91% of the banking industry in India.
When the banks in India was nationalised?
banks in india was nationalised in 1969
No. of banks nationalised with their limits?
17 banks
Are private banks nationalised banks?
s
Are employees in nationalised banks government employees?
i want to know whether the employees of the nationalised banks are the government employee
When did banks nationalised?
Jan 19, 2009
Is SBI a nationalised bank?
No, SBI is not a nationalised bank. It is one of the greatest bank. It is a public bank but not a nationalised bank. Right now 19 banks were nationalised out of 20, in which SBI i.e. State Bank Of India is not included.
What is the total salary of a clerk in 19 nationalised banks?
According to a conducted research, the salary of a clerk in the nineteen nationalised banks is about fourteen thousand and four hundred Indian Rupees.
Number of Nationalised banks in India?
23 nationalized bank
What is the position of syndicate bank in nationalised banks?
5th position
Is the clerical salary equal in all nationalised banks?
yes
Which of the nationalised Banks is not situated in Maharashtra state?
Dena bank
Which year bank was nationalised?
14 banks in July, 1969 and six more banks were nationalized in 1980
