pls giv me in detail i want to do project...
suggest me the sites to search details also...
The Nationalisation of Bank was done with the intention to bring the Common man near the Banking Business.But it mainly benefited the group of erstwhile owners of the Bank and Politicians and Top Buerocrats. Before Nationalisation, the Bankers were also acting as Admin-itrators and Asset Managers for Big Business families which was separate from Banking Operations. There are several Business families where Head of the Family-Male Member was absent oror Minors or were dead, but still the Business was running because of such arrangements with the Bankers who were having Power of Attorney.When the Govern-ment took over Banking Business people were given to assume that the entire operations of the Banking Company was Nationalised. Thus only the Banking Business was taken over by the Government new entity of Banks came into existence, eg. ABC Bank (Govt.of India Undertaking) while ABC Bank LTD.(whose Banking Business the Govt. took over) still existing & Controlled by the Board Of Dirctors (Prior to Nationalisation) and Politicians among themselves shared the Booty,running into thousands of crores leaving the Original Owners (whose Assets and Business the Bankers were Managing) on the Road. As per the Government Policy to extend financial assistance to small and common people, while a few were benefitted, majority of the benefit went to people who were close to the Management and those were close to the Politicians. Prior to Bank Nationalisation,the Dirctors were prudent and analysing and scrutinising the proposals where they were investing and the responsibility was fixed .After nationalisation, there is No responsibility or dedication and the Union Culture led to laxity and Frauds and only the scapgoats were penalised, while the Guilty went scot free.
Cons
1. Governments do not know how to run businesses.
2. Governments would lose money running a business and would not service the public effectively.
For Govt...its easy to have funds controle n use the finances for diff
schemes in plans...
One way its good for public security wise n money/investments r Guaranteed.