Nationalized banks are financial institutions that are owned and operated by the government of a country. This means that the government holds a majority stake in these banks, allowing it to influence their operations and policies. Nationalized banks typically aim to promote economic stability and provide banking services to a wider population, including those in rural and underserved areas. In many countries, nationalized banks play a crucial role in implementing government policies related to economic development and financial inclusion. They often offer various services, such as savings accounts, loans, and investment options, with a focus on supporting both individuals and businesses in achieving their financial goals.