This significant step was taken by the government led by Prime Minister Indira Gandhi to align the banking sector with the developmental goals of the nation, ensuring credit reached priority sectors.
Nationalisation of 14 Commercial Banks took place in
Asked in WBPSC CS Prelims 2020 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
More Economic Development questions
- The largest Commercial Bank of India is
- Which of the following is the most important component of the liabilites of commercial banks in India?
- Which of the following is the most important component of the liabilities of Commercial Banks in India ?
- The number of public sector banks in India (excluding State Bank of India Group) is presently
- The percentage of rural branches of all kinds of private, public sector commercial banks including Regional Rural Banks as on 30/06/2012, according to R.B.I, was approximately
- Major Banks (14) were nationalized in the year
- This move was aimed at bringing the banking sector under state control to better serve the needs of the Indian economy and society, particularly agriculture and small-scale industries. 91. Consider the following pairs: 1. Allahabad Bank - Kolkata 2. Small Industrial Development Bank of India - Mumbai 3. The Overseas Bank - Chennai Which one of the above pair is not correctly matched?
- Which one of the following is the largest source of agricultural credit in India in recent years?
