What are the factors that Government considers to nationalize a bank
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The government needs to consider nationalizing the bank by keeping in mind the factors:
The bank is serving the poorer divisions of society.
The bank is meeting its social obligations like serving the needs of the agricultural sector in the country.
Thirdly, the bank has enough branches in rural areas.
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Explanation:
What factors led to the nationalization of banks?
Social welfare.
Controlling private monopolies.
Expansion of banking to rural areas.
Reducing regional imbalance to curb the urban-rural divide.
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