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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.
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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.
