#1
June 30th, 2014, 11:14 AM
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Differentiate between Public Sector Banks and Nationalized Banks
I want to give the exams of banks and for that I want to get the details of differences between Public Sector Banks and Nationalized Banks so can you provide me that?
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#2
June 30th, 2014, 01:00 PM
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Re: Differentiate between Public Sector Banks and Nationalized Banks
As you want to get the details of differences between Public Sector Banks and Nationalized Banks so here is the information of the same for you: A nationalized bank is formed when the government takes a bank and its assets into its ownership. A nationalized bank is also referred as a public sector bank. A public sector bank is owned and operated by the government. Public sector banks include banks that were either in public sector from the starting of their formation or have been formed after the nationalisation of banks. Public sector banks are owned and operated by the government as the government holds a major share in them. These banks mainly focus to serve the people rather earn profits. A nationalized bank is formed by taking a bank and its assets into the public ownership. Nationalized Bank The national government of the country holds the ownership of nationalized banks. In nationalized banks the government controls the bank |
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