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Question
Nationalisation of Banks was done in _________.
Nationalisation of Banks was done in _________.
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Solution
The correct option is A 1969
In 1969, fourteen major private commercial banks of
India were nationalized which included Indian bank, Indian Overseas bank,
Canara bank etc in order to increase the efficiency and effectively of public sector by bringing domestic competition in the sector so that it can compete with the international banking system.
In 1969, fourteen major private commercial banks of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency and effectively of public sector by bringing domestic competition in the sector so that it can compete with the international banking system.
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