General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 7)
7.
In the second nationalization of commercial banks, ___ banks were nationalized.
Discussion:
62 comments Page 3 of 7.
G P kumar said:
9 years ago
RBI is the first nationalized bank?
G P kumar said:
9 years ago
In 1960, the State Banks of India was given control of eight state-associated banks under the State Bank of India (Subsidiary Banks) Act, 1959. These are now called its associate banks. In 1969 the Indian government nationalised 14 major private banks. In 1980, 6 more private banks were nationalised.
27 nationalized banks in India right now.
27 nationalized banks in India right now.
Madang kanor said:
9 years ago
First of all nationalised RBI on 1.1.1949 after it SBI stabilised on 1.7.1955 and 14 banks nationalised on 19 July 1969 in first phase & 6 Banks nationalised on April 1980. Total of these 20. So 7 banks are when nationalised?
Kamar said:
9 years ago
What is the full-form of ICICI?
Indu said:
9 years ago
Industrial Credit Investment Corporation of India is the full form of ICICI.
Usha said:
9 years ago
Hi, @ Kamar.
ICICI - Industrial Credit Investment Corporation of India.
ICICI - Industrial Credit Investment Corporation of India.
Athira said:
9 years ago
I also know that RBI is the first nationalized bank in India. It is in 1949 January 1.
SHRISHAIL HALLUR said:
8 years ago
6 NATIONAL BANKS.
Rati said:
6 years ago
And Now 19.
Priya said:
6 years ago
Bank of Baroda Dena Bank and Vijaya Bank have merged now it is called as Bank of Baroda.
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