In India 14 Banks Nationalised in the year

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  1. 1935
  2. 1969
  3. 1956
  4. 1959

Answer (Detailed Solution Below)

Option 2 : 1969
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Detailed Solution

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The correct answer is 1969.Key Points

  • Indira Gandhi government nationalized the 14 biggest commercial lenders on 20 July 1969.
  • RBI Governor at that time was LK Jha who was the 8th governor of the bank.
  • The second round of nationalization of 6 more commercial banks was done in 1980.

Additional Information

The following banks were nationalized in 1969 

  1. Allahabad Bank
  2. Bank of Baroda
  3. Bank of India
  4. Bank of Maharashtra
  5. Canara Bank
  6. Central Bank of India
  7. Dena Bank
  8. Indian Bank
  9. Indian Overseas Bank
  10. Punjab National Bank
  11. Syndicate Bank
  12. UCO Bank
  13. Union Bank of India
  14. United Bank of India
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