User:Mukesh dangwal

== the most significant and marked event in the history of banking sector was nationalization. in 1969.14banks having a deposit of more than Rs50 carore were nationalised. the main objective behind nationalization was to extend banking facilities to rural areas and to the under previlased areas such as SLR(small scall industries). bank of india which was running at a loss was mursed with pnb So there were 14 banks which were consisting a circle of nationalised banks. the main objective were- 1- Branch expasion 2-cradit mobilisation 3- cradit expension to agri. and ssi. but there were many drowbacks as there was no compition banks didn't improve there performance so gov felt that unless the banks were not brought under compition there performance couldn't  improve.

So a commity was constituted under the chairmainship of Mr m.narshimaha to look in to the reasons behind the poor performance and to suggest measurs for pure productivity. a position of liquidity crunch ---NURSHIMHA commity observed a sharp decline in productivity during last two decades the assence of the athority was (banks are trustees of the money which is deposited by public and it should be   used with objective of maximisation of depositors wealth) ==