Question

Banks in india were nationalized for the first time in

Answer 1

1969 in India banks were rationalised ......plzzz mark as brainliest

Answer 2

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Thereafter, the Government of India issued the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969 and nationalized the 14 largest commercial banks with effect from the midnight of 19 July 1969. These banks contained 85 percent of bank deposits in the country.