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Answer : 3. "1969"
In which year were fourteen major banks nationalized in India:
5Q:
In which year were fourteen major banks nationalized in India:
- 11967false
- 21968false
- 31969true
- 41971false
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Answer : 3. "1969"
Explanation :
He nationalized 14 private banks on 19 July 1969. These banks were mostly controlled by big industrial houses. After this, the second round of nationalization took place in 1980 under which seven more banks were nationalized. Earlier only State Bank of India was nationalized.