Answer :- 1969
Related Facts
Related Facts
- 14 banks were nationalized at that time.
- Second nationalization was in the year 1980.
- 6 banks were nationalized in the second time.
- Largest public sector bank in India is SBI. It was nationalized in 1955.
- Sate Bank of India has 5 subsidiaries at present.
- Largest Private Bank in India is ICICI Bank.
- National Bank of Agriculture and Rural Development (NABARD) was set up in 1982.
- Industrial Development Bank of India (IDBI) was set up in 1964. It is the apex bank for industrial credit in India.
- RBI was established in 1935 and was nationalised in 1949.