The total number of commercial banks nationalised so far is
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total no of banks commercial banks nationalised so far is 19
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According to the latest updates and RBI websites, there are 19 commercial banks which are nationalized in India.
Explanation:
There are fourteen Banks were "nationalized by the government" on July 19, 1969 and this day is known as Bank Nationalization day. Commercial banks were controlled by the private section and the Government of India decided to perform systematic economic development of the country.
In the first round, the government nationalized 14 commercial banks. The second round of nationalization took place in April 1980.
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