English: On July 19, 1969, the banking companies (acquisition and transfer of undertakings) ordinance resulted in the ownership of 14 banks being transferred to the state.
Telugu: జూలై 19,1969న Banking Companies (Acquisition and Transfer of Undertakings) Ordinance విడుదల చేసి 50కోట్లరుపాయల డిపాజిట్ లు పైనున్న 14 బ్యాంకులను జాతీయం చేశారు.