explain the aims and objectives of nationalisation of bank..???
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Objectives of Nationalization
To eliminate concentration of economic power in few handsTo diverse the flow of bank credit towards priority sector consisting of agriculture and and allied activities, small scale industries and small businesses.To foster a new class of entrepreneur so as to create, sustain and accelerate economic growth.To professionalize bank managements.To impart adequate training as also reasonable terms of service to bank staffTo extend banking facilities to unbanked rural areas.
To eliminate concentration of economic power in few handsTo diverse the flow of bank credit towards priority sector consisting of agriculture and and allied activities, small scale industries and small businesses.To foster a new class of entrepreneur so as to create, sustain and accelerate economic growth.To professionalize bank managements.To impart adequate training as also reasonable terms of service to bank staffTo extend banking facilities to unbanked rural areas.
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