Question

How many banks were nationalised in July 1969 when the first nationalisation took place?

• A. 5
• B. 8
• C. 10
• D. 14

Answer 1

The correct option is D 14

On 19th July 1969, 14 large commercial banks were nationalised, whose reserves or total deposits were more than Rs 50 crores.
1. The Central Bank of India
2. Bank of India
3. Punjab National Bank
4. Canara Bank
5. United Commercial Bank
6. Syndicate Bank
7. Bank of Baroda
8. United Bank of India
9. Union Bank of India
10. Dena Bank
11. Allahabad Bank
12. Indian Bank
13. Indian Overseas Bank
14. Bank of Maharashtra.