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Standard XII
Economics
Characteristics of Money
When were ban...
Question
When were bank Nationalised in India?
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Solution
On July 19, 1969, Indira Gandhi who was both Prime Minister and Finance Minister at that time decided to nationalize 14 largest private banks of the country.
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In India, how many commercial banks were nationalised in 1969?
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In which year 14 banks were nationalised in India for the first time?
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Explain briefly two reasons why all the important commercial banks in India were nationalised by the Government?
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How many banks were nationalised by the Government of India on 19 July 1969?
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