WBCS Preliminary Examination 2015 — General Studies · Question 162 of 200

Answer: (C) 14

Fourteen major private commercial banks were nationalised on July 19, 1969 by Prime Minister Indira Gandhi's government, under the Banking Companies (Acquisition and Transfer of Undertakings) Act. The nationalised banks included Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank, and others. A second round of nationalisation of 6 more banks occurred in 1980.