Hi
What is meant by nationalisation of banks?
Deepali Garg (none) (148 Points)
16 June 2012Hi
What is meant by nationalisation of banks?
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 16 June 2012
dear deepali,
nationalisation of banks means making banks state owned corporation. govenmentof india back in indra gandhis regime compulsorily acquired majority of holdings in 20 banks operating through out india in public interst.
cheers
ganesh agarwala
Deepali Garg
(none)
(148 Points)
Replied 20 June 2012
Hi
Does it mean the government acquires stake in it by holding the shares or is it compulsory acquisition of banks by the government?
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 20 June 2012
dear deepali,
yes in around 19 nationalised banks today GOI has holding stakes.
cheers
ganesh agarwala
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