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do you know when the banks got nationalised and why?
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Answer Posted / aritra de
July,1969
1.)To eliminate concentration of power in a few private hands.
2.)to Diversify d flow of bank credit towards d priority sectors (like agriculture, small & medium scale enterprises.)
3.) To extend d banking facilities to unbanked rural areas.
4.) Banks will be more committed to do social developments.
| Is This Answer Correct ? | 7 Yes | 1 No |
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