Nationalisation of banks

dear deepali,

nationalisation of banks means making banks state owned corporation. govenmentof india back in indra gandhis regime compulsorily acquired majority of holdings in 20 banks operating through out india in public interst.

cheers

ganesh agarwala

Hi

Does it mean the government acquires stake in it by holding the shares or is it compulsory acquisition of banks by the government?

dear deepali,

yes in around 19 nationalised banks today GOI has holding stakes.

cheers

ganesh agarwala