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Bank Nationalization- Economics

Bank Nationalization- Economics

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Published by Pranav Karnavat
This project will help you to know about bank nationaization in Indiadone in 1969. it mentions about reasons for doing,under whose initiative. Its objectives, improvement statistics. Loopholes in the decision made. Whether good or Bad for the Economy.
This project will help you to know about bank nationaization in Indiadone in 1969. it mentions about reasons for doing,under whose initiative. Its objectives, improvement statistics. Loopholes in the decision made. Whether good or Bad for the Economy.

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Published by: Pranav Karnavat on Jun 12, 2009
Copyright:Attribution Non-commercial

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10/19/2011

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Nationalization of Nationalization of banksbanks
 
Banking System inIndia is dominated bynationalized banksBanks which aremanaged andcontrolled by thegovernment arenationalized banks. These banks workaccording to norms of RBI.Earlier banks were notin the hands of government. They werein the hands of privateowners who were highearners of the society. This situation wasbefore 1969.
Banking is defined in Section 5(b) of the Banking Regulation Act, as the acceptance of deposit ofmoney from the public for the purpose of lending orinvestment

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