Commercial banks in India were nationalized in two phases. The first nationalization occurred on July 19, 1969, when 14 major commercial banks with deposits exceeding ₹50 crores were nationalized. The second nationalization took place on April 15, 1980, nationalizing 6 more commercial banks with deposits exceeding ₹200 crores.
In the second Nationalization of Commercial Banks, ______ banks were nationalized.
Asked in WBCS Main Paper 5 2022 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
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