Public sector banks in india pdf

When India public sector banks in india pdf independence in 1947, India was primarily an agricultural country with a weak industrial base. The national consensus was in favour of rapid industrialisation of the economy which was seen as the key to economic development, improving living standards and economic sovereignty. Industrial Policy Resolution announced in 1948 laid down broad contours of the strategy of industrial development. Act was enacted in 1951 with the objective of empowering the government to take necessary steps to regulate industrial development.

He believed that the establishment of basic and heavy industry was fundamental to the development and modernisation of the Indian economy. India’s largest private banks in 1969, and an additional six in 1980. PSUs to raise capital and privatise companies facing poor financial performance and low efficiency. Many PSUs have been awarded additional financial autonomy. Rs 1,000 crore without explicit government approval. Three years with an average annual net profit of over Rs. Average annual Net worth of Rs.

10,000 crore for 3 years, OR Average annual Turnover of Rs. A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna. Have made profits continuously for the last three years or earned a net profit of Rs. Have made profits continuously for the last three years and should have a positive net worth. 500 crore or equal to their net worth, whichever is lower. As on 13 September 2017 there are 8 Maharatnas, 16 Navratnas and 74 Miniratnas. Office of the Economic Adviser, Ministry of Commerce and Industry.

This page was last edited on 11 January 2018, at 10:05. The Shamrao Vithal Co-operative Bank Ltd. Lic of India staff co operative bank. This page was last edited on 13 January 2018, at 09:29. Below list is 5 years old. Hope this list will be a great help for you in the preparation of the upcoming Banking Exams and Interviews. We will update whenever there are changes in the list.

If you came to know about any changes then please use the comment section below to comment, so that we will change immediately. Want to share anything with us ? Public Sector Enterprise under the Ministry of Power, Govt. Specialist Officers on regular basis for the year 2018. Important Current Affairs updates .