Yorkshire Bank took place in the bank's heartland and many miners were customers, having been encouraged by the National Coal Board to have their pay mandated to a bank account. In 1990, the National Australia Bank Group acquired the bank from the consortium of owning banks which, after mergers and acquisitions, were the National Westminster Bank, (holders of 40%), Barclays Bank (32%), Lloyds Bank (20%), and Royal Bank of Scotland (8%). The price paid was £1 billion and the bank joined National Australia Bank's other European businesses, Clydesdale Bank (Scotland) and Northern Bank (which operated in both jurisdictions in Ireland). In May
Private-sector banks in India to be included in nationalisation. The new private sector banks are those that have gained their banking license since the change of policy in the 1990s. The Nedungadi Bank was the first private sector bank in India, founded in 1899 by Rao Bahadur T.M. Appu Nedungadi in Kozhikode, Kerala. Private-sector banks in India The private sector banks in India are banks where the majority of the shares or equity are not held by the government but by private share holders. In 1969 all major banks were nationalised by the Indian government. However, since a change in government policy in the