regarding banks
This query is : Resolved
15 February 2011
what is the difference between Nationalized Bank and other banks ??
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.
Nationalized banks are more preferred because of the Govt Control.
Message likes :
1 times
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
