regarding banks

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pallavi gupta

pallavi gupta (Querist)
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15 February 2011 what is the difference between Nationalized Bank and other banks ??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 February 2011 Nationalized banks are those banks where the Govt. holds more than 51 % of the paid up equity shares capital and the management of the banks are vested in the hands of the Govt. nominated Directors .The private banks are those where the majority of share capital is held by the public not the Govt. and the management is vested in the hands of Directors elected by share holders.The banking policy for both private and nationalized banks are framed by the Reserve Bank of India.

Nationalized banks are more preferred because of the Govt Control.

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 February 2011 THANKYOU GUPTA JI,

Nationalised banks r those banks where the Govt. holds more than 51 % of the paid up equty shares capital n the management of the banks r vested in the hands of the Govt. nominated Directors .The private banks r those where the share capital is held by the public not the Govt. n the management is vested in the hands of Directors elected by share holders.The banking policy for both private n nationalised banks r framed by the Central Bank.In India the RBI is the central bank.

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