The Bank of Punjab
NATIONALIZATION OF BANKS
The principle of nationalization of banks is to stream line the operation of commercial banks in such a way that it may be conductive to the developmentactivities in process in the country.Since the commercial banks were owned controlled by big business groups of the country it was feared that these banks would not maintain uniformity in their operational and would be instrumental to inflationary pressure. However, theconsiderations behind nationalization are
To form uniformity in the policy of the commercial banks so they may serve the best national interest.
To make the operation of commercial banks highly sensitive and responsive to the policy of the government relation to financial matters.
To make the credit policy of the commercial banks more purpose full andeffective especially in the development of economic sectors of the country. It actsas an agent of the State Bank of Pakistan
To make the best use of the funds available at the disposal of these banks for theeconomic development of the country.
To eliminate unhealthy and uneconomic competition among commercial banks.
To development strong money banks market in the country so that the value of currency may be maintained at stable level both in national facilities to exporter and agriculturists which have not been satisfactory in the past years.
Public Sector Commercial Banks
National Bank NBPFirst Women Bank LimitedFWBThe Bank of KhyberKBThe Bank of PunjabBOP
Internship Report- 2 -