Find more about Nationalised Bank credit cards in India. It is very important that the minimum payment which is usually around 5% reaches them by the date otherwise your account could end up getting additional charges added to it.
Find full detail for Financial information, Online Credit Cards, Insurance Guide, Banks/Banking, Mutual Funds,Banks In India, free at online very quick. For more detail reach at - http://www.info2finance.com/banks/india/
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In 1995, the Imperial Bank of India became the first nationalised bank in India. Bank nationalizing aims to reach more clients especially those in the rural area. The government of India wants to provide the rural community the chance to have good banking system. And this can only be done by nationalizing some of the biggest banks in India.
Nationalization means that transparency in all the accounts and balance sheets. Nationalised banks of India are proven to be of higher quality in their service than regular banks; and they do have a fixed exchange rate
A nationalised bank is a major player in the Indian banking system. Nationalization of banks became a foremost tool in the development of India’s economic growth. Banking industry became a huge employer and thus created numerous opportunities for the many job-seekers in the banking filed.
It was Prime Minister Indira Gandhi who too the initiative to spread the innovative banking infrastructure in the rural areas. By nationalizing some of the biggest commercial banks, the rural people were given the chance to be able to apply for loans appropriate for their needs. The procedures and the requirements have been made easy for everyone. Nationalsed banks work by reaching the rural community faster than most private banking sectors.
Here is a list of the nationalised banks in India since 1955:
· Allahabad Bank
· Andhra Bank
· Bank of Baroda
· Bank of lndia
· Canara Bank
· Central Bank of India
· Corporation Bank
· Indian Bank
· Indian Overseas Bank
· OrientaI Bank of Commerce
· Punjab and Sind Bank
· State Bank of Bikaner
· State Bank of Mysore
· State Bank of Patiala
· State Bank of Saurashtra
· Syndicate Bank
· The State Bank of Indore
· Uco Bank
· Union Bank of India
· United Bank of India
· Vijaya Bank