Banking Classification #2: Nationalized PSBs, Merger of SBI Associate Banks & Mahila Bank (BMB)

🔖Coupon Code: 'Mrunal.org' gives extra discount for 👨‍🏫 Mrunal's New UPSC Prelims & Mains Courses at https://unacademy.com/@mrunal.org
📢Features of Mrunal's Economy Course at Unacademy:
1) 👨‍🏫 Weekly live classes @night even Working Professional can attend
2) 🆎 Updated Powerpoints with latest budgets, economic surveys & current Affairs of Economy
3) 📑 500+ pages Rapid revision handouts, covering both Prelims & Mains, incl. Hindi translation for important terminologies. No need to purchase separate books / NCERTs.
4) 🔠 Weekly Quiz with ranking system
5) 💬 Weekly Doubt Solution to your queries.

In the Post Independent India, till 1963, 188 influential people like Raabert Waadra were in the board of top 20 banks, 1452 companies, and numerous insurance, finance companies, NGO, trust. And such reckless lending to directors was the main cause of banking collapse.
And these private owned banks were not opening branches in rural areas, not giving loans to farmers and MSME, not helping in the achievement of five year plans.
Therefore in two rounds (1969 and 1980), the Government of India nationalized total 20 private banks, with deposits worth Rs.50 cr and Rs. 200 crores respectively.
The smaller private banks which escaped the nationalization drive, as known as old private banks. Therefore 12 such banks, namely- 1) Catholic Syrian Bank Ltd , 2) Dhanlaxmi Bank, 3) RBL Bank , 4) Tamilnad Mercantile Bank, 5) City Union Bank, 6) Federal Bank, 7) Jammu & Kashmir Bank, 8) Karur Vysya Bank, 9) Lakshmi Vilas Bank, 10) Nainital Bank, 11) South Indian Bank and 12) Karnataka Bank
After the Gyan Sangam-II summit in 2016, government decided to merge the 5 associate bank of SBI and Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI). In this lecture, we'll see the history of all these banks, and the merge procedure, including the arguments in favour and against this move.
Lastly, Government also decided to privatize and transform IDBI Bank just like how they did with UTI to Axis Bank. What's this entire case, we'll see in this lecture.

Faculty Name: You know who
all Powerpoint available at http://mrunal.org/powerpoint
Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.