53 Years of Bank Nationalization, Time to say Good Bye To Public Sector Banks
by On this day (19th July) 53 years ago, 14 private banks were nationalised. Then again in April 1980, six more private banks were nationalised. SBI was brought under the government control earlier in 1955 and its 7 associates in 1960. These 28 public-sector banks (PSBs) had their dominance until 1995 with almost 90 percent market […]