Saved Bookmarks
| 1. |
Give any two disadvantages of nationalised banks. |
|
Answer» Two disadvantages of nationalised banks are as follows: (i) Violation of Financial Secrecy: The third argument against bank nationalisation is that it will violate the financial secrecy of individual depositors and of institutions. (ii) Payment of Compensation: The Government will need substantial funds to compensate the shareholders of private banks if it decides to nationalise them. The amount needed by the Government is estimated to be around Rs. 100 crores. |
|