There were two major rounds of bank nationalization in India. The first, and larger, nationalization occurred in 1969 when 14 major commercial banks were nationalized. The second round took place on April 15, 1980, when six more commercial banks with deposits of over ₹200 crore were nationalized.
How many banks were nationalized in India in 1980 ?
Asked in MPPSC CS Prelims 2023 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
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