Question

how the nationalisation of banks has helped the countrys economy in the long run

Answer 1

To raise public confidence in Banking system

Expansion of banking facilities in a uniform manner

Provide banking facility in rural and sub-urban areas

Sought to end the monopoly control of big industrialists upon the banking system

Aimed at giving more credit to priority sectors

To reduce regional economic inequalities

To ensure enough development funds for the planned growth of the country