Nationalized banks refer to the banks which are supported and guided by the government by taking over the control from their former owners, In other words, it is no longer privately owned. The government acquires majority shareholding in the company to promise its control.
The state government or central government acquires minimum 51% of paid-up capital of the former private bank to nationalize the bank and the board of directors are appointed by the govt to handle the management and investment decisions of the bank as per the government policy.
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Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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{ 2 comments… read them below or add one }
hey……….
your website is having a lot of useful information. since i make a soft copy of information i could get. which is not possible in your site. why have you secured your site so much.
if you are scared that people will copy your content and publish in their names. then that is not a problem. there are so many ways to track this. Do not worry.
please clarify……………
because of this i have to write everything once again. if editing was possible i could just copy the relevant topics…………
thank you