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Standard XI
Economics
Fourth & Fifth Plans
When were the...
Question
When were the banks nationalized in India?
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Solution
The year 2019 marks 50 years of India's Bank Nationalization. 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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Commercial Banks in India were nationalized in 1969 because _________.
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