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Nationalised Banks - Coggle Diagram
Nationalised Banks
Converting private sector to Public sec. company
Problems
Private owned banks
Fraudient activities
Paisa Khana
Most in Urban Areas
Reach to upper class only
When mass in need
They go to money lender
@ rates %
Govt. wish
1969
Indira Gandhi Govt.
14 Top Banks were Nationalised
of 50 cr
1980
200CM
6 Banks
Nationalised
Several acts were also passed
To safeguard the interest of depositor
Benefits of Masses
20 Natnlised Banks should be there
We have 19 Natnlised + SBI
SBI is not Nationalised
Since act was passed
Because not acquired forcefully by
1993
New Bank of India
Merged w PNB
Bankrupt
Govt. Bank IDBI