BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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13
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14
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15
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16
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Detailed explanation-1: -In 1969, Allahabad Bank, Canara Bank, United Bank of India, UCO Bank, Syndicate Bank, Indian Overseas Bank, Bank of Baroda, Punjab National Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Indian Bank, Dena Bank, Union Bank and were nationalised.
Detailed explanation-2: -The 14 Nationalized Banks in 1969 were Punjab National Bank, Syndicate Bank, Allahabad Bank, Canara Bank, Central Bank of India, United Bank of India, UCO Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Indian Bank, Indian Overseas Bank, Union Bank, and Dena Bank.
Detailed explanation-3: -July 19, 1969: Fifty years ago, India nationalised 14 private banks.
Detailed explanation-4: -Nationalisation of banks was essential to cover the deficits of banks occurred while implementing different schemes. Also the profits of these banks. would come into the government treasury once they were nationalised.
Detailed explanation-5: -The number of Banks nationalised since 1969 is 20.