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