Banks are nationalized in India , Why?

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Why are banks nationalized in India?

  1. Class banking to Mass banking banks nationalized in India
  2. Expansion of banking activity in ruler & semi-urban areas.
  3. To raise public confidence in banking system
  4. movalis of saving and current account from the ruler & semi-urban areas.
  5. To serve better need of the development of economy with national priority and objective.
  6. Cheque consideration of wealth in few banks. banks nationalized in India

banks nationalized in India

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