answer in brief banks were nationalized in 1986
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the bank was in the Hindustan
and we deposit money and we withdraw when ever we want
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Currently, the Indian banking system is divided into commercial banks, cooperative banks, regional banks, etc. In commercial banks, there are two types of banks, public banks, and private banks. The important event in the history of Indian banks is the nationalization of banks. This made the way for India to become the leading economies of the world. In this article, we will give you a brief on the nationalization of banks in India.
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