Question

what is nationalisation of bank ?​

Answer 1

Answer:

Nationalization refers to the transfer of public sector assets to be operated or owned by the state or central government. In India, the banks which were previously functioning under private sector were transferred to the public sector by the act of nationalization and thus the nationalized banks came into existence.

Answer 2

Answer:

❀ʀᴇǫᴜɪʀᴇᴅ ᴀɴsᴡᴇʀ:

↦Nationalization is the process of taking privately-controlled companies, industries, or assets and putting them under the control of the government.

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