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The nationalization of banks in India started in 1955 with the take over the Reverse Bank of India and major move done under the Prime Minister Indira Gandhi. The reasoning behind nationalizing the banks were to break the ownership and control of banks that were family owned; to stop the concentration of wealth and economic power and to increase saving to all citizens in the country and to answer the needs of the priority sectors.
What else can I help you with?
Who was the prime minister of India at the time of nationalisation of bank?
Indira Gandhi
What is the theme and reason behind The Celestial Omnibus?
that story sucks
What was the reason behind the creation of the factions in Divergent?
To create a perfect society.
What does the army term rbi mean?
Reasoning Behind Incident....when a SM is required to write an RBI, they are for all intents and purpose, providing a reason for the incident in question.
Is it possible to get behind the bank counter in Borderlands in the Moxxi's Underdome Riot DLC on the PS3?
Unfortunately no
What is meant by nationalisation of bank?
Nationalisation of banks means taking private ownersip of banks to goverment.
Nationalisation of bank when Indira Gandhi was prime minister?
Yes
Who was the prime minister of India at the time of nationalisation of bank?
Indira Gandhi
What is the position of sbi in world banks?
sbi is a government bank, initiated in the sub - continent by the British East India Company as Imperial Bank of India Rechristened as State Bank of India by the indian Republic in the year 1955. Nationalisation of Banks refer to the private Banks being taken over by the Government of India. The Nationalisation of the Banks was partly responsible for the breaking of the Indian National Congress Party.Mr. Morarji Desai resigned from Mrs. Gandhi Govt due to the Nationalisation of Banks, However Mr. Desai did endorse the policy of Mrs. Gandhi after coming to power in this respect. Thereby the well run entreprenuership of Banking Industry remained in shambles.
What are the effects of commercial bank nationalisation in India?
The effects of nationalization of the Commercial Bank in India is that it has had a positive effect on the economy. The natives of the country have directly benefited from nationalization of the bank because they own it.
What is nationalisation in education?
it means that the system of educaton will be
Is opportunity the reason behind success?
Opportunity does not reason it knocks. The reason behind success is that it sure beats failure.
How many banks were in second phase of nationalisation?
6
Where is it New Brunswick unemployment office?
Its behind Burger king on altama, behind that credit union bank, behind dairy queen and legends. like, RIGHT behind that bank.
What is the meeting of why It means why. What is the reason behind it that's what it means.?
why means the reason behind it. SO YA!
What is it called when the government takes over a private industry?
Nationalisation
Why are frames important for networking?
there is a reason behind every reason
