What do you mean by the nationalization of the Bank?

Question

Accepted Answer

Nationalization of a bank refers to the process of transferring ownership and control of a bank from private to government.

Nationalization involves the government taking over a bank and making it a state-owned institution.
It typically involves the acquisition of a majority stake in the bank by the government.
Nationalization can be done for various reasons, such as to stabilize the banking sector, promote economic growth, or ensure public control over financial institutions.
Examples of nationalized banks include Bank of England, Bank of China, and State Bank of India.

Accepted Answer

The bank which is owned by the government of the india is konwns as nationalization bank. Nationalised bank are also konwan as public sector bank.

Top Union Bank of India Officer interview questions & answers