Interested to Buy Any Domain ? << Click Here >> for more details...
do you know when the banks got nationalised and why?
- 5 Answers
- 15230 Views
- State Bank Of India SBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / devi
On 19th July 1969 14 major banks were nationalised. Then on
15th april 1980, 6 more banks were nationalised.
Banks were nationalised to channelise finance in accordance
with plan priorities.
To spread the banking habits in rural areas.
To provide liberal bank finance to neglected and priority
sectors.
And most of all to obtain commanding heights of the economy.
| Is This Answer Correct ? | 9 Yes | 1 No |
Nationalised banks dominate the banking system in India. The
history of nationalised banks in India dates back to
mid-20th century, when Imperial Bank of India was
nationalised (under the SBI Act of 1955) and re-christened
as State Bank of India (SBI) in July 1955. Then on 19th July
1960, its seven subsidiaries were also nationalised . These
subsidiaries of SBI were State Bank of Bikaner and Jaipur
(SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore
(SBIR), State Bank of Mysore (SBM), State Bank of Patiala
(SBP), State Bank of Saurashtra (SBS), and State Bank of
Travancore (SBT).
However, the major nationalisation of banks happened in 1969
by the then-Prime Minister Indira Gandhi. The major
objective behind nationalisation was to spread banking
infrastructure in rural areas and make cheap finance
available to Indian farmers. The nationalised 14 major
commercial banks were Allahabad Bank, Andhra Bank, Bank of
Baroda, Bank of India, Bank of Maharashtra, Canara Bank,
Central Bank of India, Corporation Bank, Dena Bank, Indian
Bank, Indian Overseas Bank, Oriental Bank of Commerce (OBC),
Punjab and Sind Bank, Punjab National Bank (PNB), Syndicate
Bank, UCO Bank, Union Bank of India, United Bank of India
(UBI), and Vijaya Bank.
In the year 1980, the second phase of nationalisation of
Indian banks took place, in which 7 more banks were
nationalised . With this, the Government of India held a
control over 91% of the banking industry in India. After the
nationalisation of banks there was a huge jump in the
deposits and advances with the banks. At present, the State
Bank of India is the largest commercial bank of India and is
ranked one of the top five banks worldwide.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / nikhil
banks were nationalised on 19 july 1969 .
it was nationalised for the rural econmy development
| Is This Answer Correct ? | 13 Yes | 6 No |
Answer / aritra de
July,1969
1.)To eliminate concentration of power in a few private hands.
2.)to Diversify d flow of bank credit towards d priority sectors (like agriculture, small & medium scale enterprises.)
3.) To extend d banking facilities to unbanked rural areas.
4.) Banks will be more committed to do social developments.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / racks10381
1969,for the growth of econmy,&to decrease risk
| Is This Answer Correct ? | 8 Yes | 3 No |
after final result what are further steps in sbi clerical recruitment
I GOT THE CALL LETTER FOR THE INTERVIEW THE POST OF CLERICAL STAFF(CUSTOMER RELATION ASSOCIATE) IN STATE BANK OF INDIA.THE DATE OF INTERVIEW IS '05.05.2008'.PLEASE SENT RELEVANT QUESTIONS WHICH IS SUPPOSED TO BE ASKED FOR THE INTERVIEW.ALSO I WANT TO KNOW THE COMMON BANKING TERMS(SLR etc)AND THEIR DEFINITION.
HI, SBI Results declared on 29th sep at 12 night, you can check it in yeswecan.co.in web site left scrolling, Results are not kept in SBI site on 29th.
friends guide me state bank of india- interview I have one doubt in BIO-DATA-CUM-ATTESTATION FORM. In first page, top right corner, i have pasted my photo. There gazetted officer (who signs in IDENTITY CERTIFICATE), has signed and put his seal in that photo. Is it a error or not?(self attesation is needed there?) I request you to clear my doubt.
4 Answers State Bank Of India SBI,
hi i am surya i am preparing for Bank exams i dont have Maths back ground so will u plz tel me which book is better for quantitive aptitude
1 Answers State Bank Of India SBI,
has anyone got selected for sbi associate clerical interview?share ur views...abt date n questions..
what will you do if you have recieved a fake note from customer?
7 Answers State Bank Of India SBI,
Hi guys. I have clered the written test for sbi clerk post. and i have interview tomorrow i.e; 23may,2009 I have done MCA in 2008. some of my friends told that " dont say about MCA" because they wont prefer highly over qualifies people. So should i say this qualification in interview. If i say what is the best answer to defend this. Or If dont say then they may ask what did u do after ur graduation. Please answer my question...i have interview tomorrow
these q were asked in the interview on 26april 1.HOW WILL YOU MANAGE THE PROMLEM OF CUSTOMERS? 2.name 2 pvt banks recently in news? wat was the matter? 3.if a customer comes to u with 5 lakh rupees then which investment plan will you suggest to him? 4.a situation was also given........You are sitting in the cash counter...the senior manager passes by that way..he finds 10000/- lying down..he silently takes that money and disappears.. Everyone's puzzled and they go mad tryin' to tally the acc thru out the day..and only you know what happnd to it..Now what you will do...??? PLS SUGGEST ANS FOR THESE Q
3 Answers State Bank Of India SBI,
hay anyone there who joined the interview in shimla Kasumpati...of SBI on 29th may-09 in 2nd batch...how was it... n what was asked..i aslo gave it ..they asked me from subject..regional..sorts politics...n all other field from which they can ask...? any one can tell me dat till when finale result will be declared....
3 Answers State Bank Of India SBI,
hi, has anyone attended the SBI Clerical interview? pls tell what were the qestions asked. When dose interview start at chennai for State Bank of Mysore? How many panel members were there? How many candidates are interviewed per day? Pls tell.
when will results sbi clerical interviewe 2009?
14 Answers State Bank Of India SBI,
POs 
