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The functions of nationalized and private banks don't differ much. Except for the fact that nationalized banks are owned by the government, they do exactly the same thing private banks do.
One difference I can think of is that, they operate in rural areas where private banks don't see any profitability to operate. They may help provide financial services to rural people.
Wiki User
∙ 12y ago
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When did banks nationalised?
Jan 19, 2009
The total number of commercial banks nationalised so far is?
its 20
Is there any validity period for solvency certificate issued by a nationalised banks?
1 year
What are the affiliated banks?
The affiliated banks are subsidiaries of the parent banks. The rural banks, co-operative banks are affiliated to nationalised/government banks and work in liason with them. The directives and principles of the parent banks are to be followed by them in framing credit, loan disbursal policies in their specified areas of activities.
What is the difference between the commercial banks and micro finance banks?
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
When the banks in India was nationalised?
banks in india was nationalised in 1969
No. of banks nationalised with their limits?
17 banks
Are private banks nationalised banks?
s
Are employees in nationalised banks government employees?
i want to know whether the employees of the nationalised banks are the government employee
When did banks nationalised?
Jan 19, 2009
Is SBI a nationalised bank?
No, SBI is not a nationalised bank. It is one of the greatest bank. It is a public bank but not a nationalised bank. Right now 19 banks were nationalised out of 20, in which SBI i.e. State Bank Of India is not included.
What is the total salary of a clerk in 19 nationalised banks?
According to a conducted research, the salary of a clerk in the nineteen nationalised banks is about fourteen thousand and four hundred Indian Rupees.
Number of Nationalised banks in India?
23 nationalized bank
What is the position of syndicate bank in nationalised banks?
5th position
Is the clerical salary equal in all nationalised banks?
yes
Which of the nationalised Banks is not situated in Maharashtra state?
Dena bank
Which year bank was nationalised?
14 banks in July, 1969 and six more banks were nationalized in 1980
