Which of the following banks was not nationalized in 1969?1). Punjab N

1.	Which of the following banks was not nationalized in 1969?1). Punjab National Bank2). Bank of India3). State Bank of India4). Bank of Baroda
Answer» SBI On 19 July 1969, by means of an Ordinance, the Indira Gandhi - led Congress government nationalised 14 commercial banks of the country. The ordinance that MADE bank nationalisation possible on 19 July was called the Banking COMPANIES (Acquisition and Transfer of UNDERTAKINGS) Ordinance. TILL 1969, the State Bank of India (SBI) was the only bank that was not PRIVATELY owned. It was called the Imperial Bank before its nationalisation in 1955.

Which of the following banks was not nationalized in 1969?1). Punjab National Bank2). Bank of India3). State Bank of India4). Bank of Baroda

Answer»

SBI

On 19 July 1969, by means of an Ordinance, the Indira Gandhi - led Congress government nationalised 14 commercial banks of the country. The ordinance that MADE bank nationalisation possible on 19 July was called the Banking COMPANIES (Acquisition and Transfer of UNDERTAKINGS) Ordinance. TILL 1969, the State Bank of India (SBI) was the only bank that was not PRIVATELY owned. It was called the Imperial Bank before its nationalisation in 1955.

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Which of the following banks was not nationalized in 1969?1). Punjab National Bank2). Bank of India3). State Bank of India4). Bank of Baroda

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