How many banks were nationalized in 1980?

Q.  In April 1980, ____ banks were nationalized in India?
- Published on 17 Feb 17

a. 3
b. 5
c. 6
d. 7

ANSWER: 6
 
In 1980, to provide government more power and command over credit delivery, six commercial banks in India were nationalized.
  • Andhra Bank
  • Corporation Bank
  • Oriental Bank of Commerce
  • New Bank of India
  • Vijaya Bank
  • Punjab and Sind Bank
Additionally, in 1993, New Bank of India merged with Punjab National Bank (PNB).

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲