Question

Objectives of nationalization of commercial banks in india

Answer 1

Explanation:

• Objectives Behind Nationalization of Banks in India :
• Social Welfare : It was the need of the hour to direct the funds for the needy and required sectors of the Indian economy. ...
• Controlling Private Monopolies : Prior to nationalization many banks were controlled by private business houses and corporate families.

Answer 2

Objectives Behind Nationalization of Banks in India :

Social Welfare : It was the need of the hour to direct the funds for the needy and required sectors of the Indian economy. ...

Controlling Private Monopolies : Prior to nationalization many banks were controlled by private business houses and corporate families.