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Banks in India

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  1. #1
    Soniya
    Soniya is offline eTI Iron

    Banks in India

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    Nationalised Banks in India


    Banking System in India is dominated by nationalised banks. The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. The major objective behind nationalisation was to spread banking infrastructure in rural areas and make available cheap finance to Indian farmers. Fourteen banks were nationalised in 1969. These Banks were


    Before 1969, State Bank of India (SBI) was the only public sector bank in India. SBI was nationalised in 1955 under the SBI Act of 1955.

    The second phase of nationalisation of Indian banks took place in the year 1980. Seven more banks were nationalised with deposits over 200 crores.

    List of Public Sector Banks in India is as follows:
    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
    Punjab and Sind Bank
    Punjab National Bank
    State Bank of Bikaner & Jaipur
    State Bank of Hyderabad
    State Bank of India (SBI)
    State Bank of Indore
    State Bank of Mysore
    State Bank of Patiala
    State Bank of Saurashtra
    State Bank of Travancore
    Syndicate Bank
    UCO Bank
    Union Bank of India
    United Bank of India
    Vijaya Bank


  2. #2
    Soniya
    Soniya is offline eTI Iron

    Re: Banks in India

    this i'v said in reagrds to the fact that i wan tot know more about the banking system in india.

    can you help???

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