Nationalisation
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Title: Nationalisation

Essay Details:

Subject: History
Author:
Date: September 24, 2015
Level: University
Grade: A
Length: 12 / 3301

Essay text:

Apart from the fact that it had the imprint of the personality of Mrs. Indira Gandhi, it has several significances which merit attention. The first one was the intervention of the state in the functioning of the banking sector itself. The ownership of the State gave a new confidence to the savers and being backed by a sovereign the normal suspicions associated with the capabilities of the bankers in the private sector were gone. Banking ceased to be selective. The entry barriers that existed for customers to bank, social economic and political were lowered. This resulted in a massive quantitative expansion of the bank customer base as well as in the nature of services provided...

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