40th Anniversary of Bank’s Nationalization in our Country.
Today(
02) Bank of
03) Dena Bank
04) Punjab National Bank
05) Syndicate Bank
06) Canara Bank
07) Indian Bank
08) Indian Overseas Bank
09) Bank of
10) Union Bank
11) Allahabad Bank
12) United Bank of
13) UCO Bank
14) Bank of
Before 1969, State Bank of India (SBI) was the only public sector bank in
The second phase of nationalisation of Indian banks took place in the year 1980. Seven more banks were nationalised with deposits over 200 crores.
The above nationalization has had profound impact for our economy. As with every decision, there are pros and cons of nationlisation. But, in my view, the pros are more than the cons.
The early 90’s, with the advent of liberalization, private sector banks entered the banking scene.
ePayments as on date, are dominated by private/foreign banks, though the nationalized banks, are catching up.
ePayments-Easy and Efficient.
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