Answer: Option C
Answer: (c)
The Government of India issued an ordinance (‘Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969’)) and nationalised the 14 largest commercial banks with effect from the midnight of July 19, 1969.
These banks contained 85 per cent of bank deposits in the country. A second dose of nationalization of 6 more commercial banks followed in 1980. As of now, there are 26 Nationalized Banks in India.
Note: As of 2017, There are 21 Nationalized Bank in India. These are Allahabad Bank, Andhra Bank, Bank of India, Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, IDBI Bank, Oriental Bank of Commerce, Punjab & Sindh Bank, Punjab National Bank, State Bank of India, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank.