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  #1  
January 30th, 2016, 11:20 AM
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Yes Bank is it Nationalized

hii sir, I wants to know about the Nationalized banks of India will you please tell me is Yes bank is a Nationalized bank ?
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  #2  
January 30th, 2016, 11:20 AM
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Join Date: Mar 2012
Re: Yes Bank is it Nationalized

In the Indian banking scenario, most public sector banks are referred to as Nationalised Banks. This classification is, however, inaccurate. According to the IMF (International Monetary Fund), “Nationalisation” is defined as “the taking of control by the government over assets and over a corporation, usually by acquiring the majority or the whole stake in the corporation

As per my knowledge the State bank of India is not a Nationalized bank . Nationalized banks are as follow :


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 & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank


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