General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 7)
7.
In the second nationalization of commercial banks, ___ banks were nationalized.
Discussion:
62 comments Page 5 of 7.
Pravalika said:
1 decade ago
What qualities are required to banks to be nationalized?
Please give me answer to it.
Please give me answer to it.
Raj kumar said:
1 decade ago
Yes I also know that IDBI bank is a private bank of India.
Vivek said:
1 decade ago
@Ramya, at present there are 5 subsidiary/associate banks of SBI and SBI has also said that it will consider merger of five associate banks in the second quarter of fiscal.
Archana wavhal said:
1 decade ago
Is the OBC Bank private?
Vijay kumar said:
1 decade ago
Nationalisation took place in two phases, with a first round in 1969 covering 14 banks followed by another in 1980 covering 7 banks. Currently there are 27 nationalised commercial banks.
Reehas said:
1 decade ago
Now federal bank also nationalised.
NEELAM said:
1 decade ago
Yes, IDBI is a private sector bank.
Sanjay Marwal said:
1 decade ago
@Ramya.
You are right that there are 27 nationalized banks in India but the last bank in the list which is "IDBI Bank" is a private bank. So the 1 you missed is Allahabad bank and rest all are right.
You are right that there are 27 nationalized banks in India but the last bank in the list which is "IDBI Bank" is a private bank. So the 1 you missed is Allahabad bank and rest all are right.
Avi_06184 said:
1 decade ago
You both are right, these all are nationalized bank.
Shilpa said:
1 decade ago
Yes. Ms. Shipra. Every bank that is running in India is Nationalized.
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