Question

What do you mean by nationalisation of banks and industries ?

Answer 1

During times of financial crisis, the topic of nationalizing banks is likely to arise. Most bank customers and taxpayers are unaware of how that works, but the subject stirs lively debates. So, what does it mean to nationalize banks, and how would nationalization affect banks.

Answer 2

Answer: Nationalization of banks is an act of taking a bank owned by private sector into the public ownership of a national government by purchasing a majority stake (i.e. more than 50%) by the government.