History, asked by nfuhui, 1 year ago

on 19th july 1969 which major banks in india were nationalized

Answers

Answered by durekhan123
9

Thereafter, her move was swift and sudden. 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.


simmi1022: List of 14 Banks Nationalized in 19691.Central Bank of India2.Bank of Maharashtra3.Dena Bank4.Punjab National Bank5.Syndicate Bank6.Canara Bank7.Indian Bank8.Indian Overseas Bank9.Bank of Baroda10.Union Bank11.Allahabad Bank12.United Bank of India13.UCO Bank14.Bank of India
Answered by jasmineyadav25
3

I hav heard about only the number

14 banks were nationalized

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