Fourteen major banks of India  In which year was nationalization done?
Channel: BLESSING STUDY POINT
Date: 2022-09-19

भारत के चौदह प्रमुख बैंकों का राष्ट्रीयकरण किस  वर्ष में किया गया था ?
जवाबःः- 1969 ई0 में

Fourteen major banks of India  In which year was nationalization done?
Ans::- 1969

It was on July 19, 1969, when then prime minister Indira Gandhi announced the nationalisation of 14 banks. Nationalisation of banks in India: Banks play a crucial role in the growth of economy as they deal with the money.



In which year was 14th bank nationalised in India for the first time?
1969

What was the deposits criteria of 14 banks nationalized on 19th July 1969?

In 1969, fourteen major private commercial banks were nationalized with deposits not less than Rs. 50 crores.


Under which plan 14 major Indian banks were nationalised?

the Fourth five-year plan

The 14 major Indian banks were nationalized during the Fourth five-year plan. The Fourth Plan was from 1969 to 1974. The fourth Five Year Plan was the first plan introduced by the Indira Gandhi government in the scenario of the pressure of drought, devaluation, and inflationary recession.

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