A nationalised bank is a bank that is owned and managed by the government. Such bank’s profits and policies are focused on public welfare rather than private gain. These banks are more secure as the government backs them, making them a safer choice for savings and loans. On the other hand, public sector banks include both nationalised and government-created banks. To know more on what is nationalised bank meaning, you can read till the end of my comment.
What Do You Mean by Nationalised Bank in India?
A nationalised bank in India is one that the government has taken control of from private ownership for the public interest. It means the government owns most of the shares, making it safer for your deposits and more focused on the customers’ welfare. It is different from that of a public sector bank. Here is how: a nationalised bank is a public sector bank that was originally private but taken over by the government, while public sector banks also include those that were government-created from the start.
The list of Nationalised Banks in India are:
Andhra Bank
Allahabad Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank S
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab National Bank
Punjab & Sind Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
IDBI Bank
State Bank of India
State Bank of Hyderabad
State Bank of Bikanur & Jaipur
State Bank of Patiala
State Bank of Mysore and
State Bank of Travancore
So this is the nationalised bank meaning and list of Nationalised Banks you can consider depositing your money in.
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Authors Of The Question
What Do You Mean by Nationalised Bank?
Hemanth
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1 Answers
2 months
2024-09-30T15:46:49+00:00 2024-09-30T15:46:50+00:00Comment
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