History

Bid Adieu To Public Sector! These 14 Indian Commercial Banks Were Nationalised Today In 1969

On July 19, 1969, then Prime Minister of India, Indira Gandhi, addressed the nation at 8:30 pm and announced to nationalise 14 Indian commercial banks, which had control of over 85 per cent of bank deposits in the country. The banks shortlisted for nationalisation were Bank of India, Bank of Baroda,...