Question

Name of banks that bank nationalisation in 1969

Answer 1

The Government of India issued an ordinance (' Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969') and nationalised 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.

Answer 2

Central Bank of India
bank of Maharashtra
Dena bank
Punjab national bank
syndicate Bank etc. ..