effects of nationalised bank in india
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After nationalisation of 20 PSUs , there is a rapid expansion of branch network across India, to extend banking facilities to larger sections of this vast country. It is one of the bold steps taken by smt Indira Gandhi, which has revolutionised the banking industry.
There is a shift of focus from profit motive to social banking. Service to poor and common persons is more important than concentrating on some premium segments.
Garibi hatao or uplifting of the economy is more important than supporting the rich and famous. Priority sector lending, employment generation, loan melas to provide self Emloyment to the masses is the ‘top priority’ of the banks.
Financial inclusion, social banking, focus on govt sponsored schemes and more regulated banking .. these are the byproducts of bank nationalisation. Banks have become extended organs of Govt and politicians to implement welfare schemes.
There is a shift of focus from profit motive to social banking. Service to poor and common persons is more important than concentrating on some premium segments.
Garibi hatao or uplifting of the economy is more important than supporting the rich and famous. Priority sector lending, employment generation, loan melas to provide self Emloyment to the masses is the ‘top priority’ of the banks.
Financial inclusion, social banking, focus on govt sponsored schemes and more regulated banking .. these are the byproducts of bank nationalisation. Banks have become extended organs of Govt and politicians to implement welfare schemes.
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