Webliberal Branch Licensing Policy was pursued by RBI. In 1962, banks were compelled to open branches in unbanked/banked centres in a ratio of 1:2. For a coordinated branch expansion, banks were advised to submit a plan for 3 years i.e., 1962 to 1965. In 1968, social control measures were introduced. Commercial banks were WebApr 1, 2024 · RBI performs various developmental and promotional functions. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank …

Nationalized Banks: List of Government Banks in India

Web16 hours ago · The Madras High Court had given almost a similar ruling on 18 June 2016. Justice M Venugopal had dismissed a writ petition filed by a retired Tamil Nadu Electricity Board employee, who sought to restrain a nationalised bank from recovering the farm loan dues from his pension amount in the savings bank account. WebIn 1969, Allahabad Bank, Canara Bank, United Bank of India, UCO Bank, Syndicate Bank, Indian Overseas Bank, Bank of Baroda, Punjab National Bank, Bank of India, Bank of … canadian universities with exchange programs

What are the main functions of Reserve Bank of India?

WebThe nationalisation of the commercial banks in India was a very controversial issue till the nationalisation of 14 major banks in July, 1969. A number of arguments were advanced by economists, political leaders, bankers, workers, and the public in support of nationalisation of banks which are enumerated below: 1. WebBanking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Nationalization of Banking for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank. 1. Which of these banks was nationalised in 1969? United Bank of India. Vijaya Bank. WebThese RBI Objective Questions with Answers are important for competitive exams like UPSC, SSC, Railway, UGC NET, GATE, IBPS Specialist Recruitment Test. ... 42 When was R.B.I. … fishermans fare