English: On July 19, 1969, the Govt. promulgated Banking Companies (Acquisition and Transfer of Undertakings) ordinance 1969 to acquire 14 bigger commercial banks with with deposits over 50 crores.
Telugu: జూలై 19,1969న Banking Companies (Acquisition and Transfer of Undertakings) Ordinance విడుదల చేసి 50కోట్లరుపాయల డిపాజిట్ లు పైనున్న 14 బ్యాంకులను జాతీయం చేశారు.