What is the difference between Nationalised Bank and Public Sector Bank? We have 27 public sector banks out of which 19 are nationalised banks. What is the difference? Is SBI a public sector bank/ a nationalised bank/ or both? Difference between Nationalised Bank and Public Nationlized Bank-- Nationalization is a process whereby a national government or State takes over the private industry, organisation or assets into public ownership by an Act or ordinance or some other kind of orders. This strategy has been frequently adopted by socialist governments for transition from capitalism to socialism. 19 banks have been nationalized so far. (SBI and IDBI not nationalized bank) PSB-- (PSBs) in India are banks where a majority stake (i.e. more than 50%) is held by a government. Thus all nationalized banks are psbs but not vice-versa ..ex--SBI and IDBI banks
Posted on: Sat, 19 Apr 2014 14:41:32 +0000
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