The nationalisation of major commercial banks took place in
Options:
A . 1956
B . 1947
C . 1969
D . 1980
Answer: Option C Answer: (c)The Government of India nationalized 14 major commercial banks in July 1969. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nation-alised banks to 20.
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