How many banks were nationalized in 1969?

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Vritika Goel asked 15-Nov-2017 in Indian economy by Vritika Goel

How many banks were nationalized in 1969?

1 Answer

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Vishal Kesarwani answered 04-Dec-2017 by Vishal Kesarwani

14 large commercial banks were nationalized in the year 1969 as per these banks were containing more than 80% of the total deposits in the country.  list of banks which got nationalized are given below:

1. Central Bank of India
2. Bank of Maharashtra
3. Dena Bank
4. Punjab National Bank
5. Syndicate Bank
6. Canara Bank
7. Indian Bank
8. Indian Overseas Bank
9. Bank of Baroda
10. Union Bank
11. Allahabad Bank
12. United Bank of India
13. UCO Bank
14. Bank of India


UTKARSHASINGHROUL commented 15-Mar-2019 by UTKARSHASINGHROUL
Thanks for the information.
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