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Thursday, June 24, 2021

360+ Private Banks were failed between 1947-55 , almost 40 Private Banks/Year were failing---stop privatization

360+ Private Banks were failed between 1947-55 , almost 40 Private Banks/Year were failing, and People were loosing money like PMC & Yes Bank now a days.
For Security of Public Money Nationalization of Banks were done. Now this Govt making biggest Mistake

Private Banks put under moratorium in public interest due mismanagement and gone out of existence from 1969  are as under:
1969 1. Bank of Bihar
1970 2. National Bank of Lahore
1971 3. Eastern Bank
1974 4. Krishnarao Baldeo Bank
1976 5. Belgaum Bank
1985 6. Lakshmi Commercial Bank
1986 7. Miraj State Bank
1986 8. Hindustan Commercial Bank
1990 9. Traders Bank Ltd.
1990 10. Bank of Tamilnad
1990 11. Bank of Thanjavur
1991 12. Parur Central Bank
1991 13. Purbanchal Bank
1993 14. Bank of Karad Ltd.
1995 15. Kashinath Seth Bank
1997 16. Punjab Co-operative Bank Ltd.
1997 17. Bari Doab  Bank Ltd.
1999 18. Bareilly Bank Ltd.
1999 19. 20th Century Finance Corporation Ltd.
1999 20. British Bank of Middle East
1999 21. Sikkim Bank Limited
2000 22. Times Bank Ltd.
2001 23. Bank of Madura
2002 24. Benaras State Bank Ltd.
2003 25. Nedungadi Bank Ltd.
2004 26. South Gujarat Local Area Bank
2004 27. Bank Muscat SAOG
2004 28. Global Trust Bank Ltd.
2006 29. Bank of Punjab
2006 30. Ganesh bank of Kurundwad
2006 31. UFJ Bank Ltd.
2007 32. United Western Bank
2007 33. Lord Krishna Bank
2007 34. Sangli Bank
2007 35. Bharat Overseas Bank
2008 36. Centurion bank of Punjab
2019..37.PMC bank..
*2020  38. Yes Bank (under Moratorium*)

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