2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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July 19, 2019
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July 20, 2019
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Aug 19, 2019
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Aug 20, 2019
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Detailed explanation-1: -When is the Golden Jubilee of Bank Nationalisation in India? - Latest Current Affairs. When is the Golden Jubilee of Bank Nationalisation in India? Note : July 19, 2019 marks the Golden Jubilee of bank nationalisation in the country.
Detailed explanation-2: -On the midnight of July 19, 1969, Indira Gandhi’s government nationalised 14 banks, each with reserves of more than Rs. 50 crore.
Detailed explanation-3: -As of present, there are 12 nationalized banks in India.
Detailed explanation-4: -On 19 July 1969, 14 banks were nationalized under the ruling party of Mrs Indira Gandhi, accounting for about 85% of the country’s bank deposits.
Detailed explanation-5: -It was in the year 1969, 19th July when 14 of most major commercial banks functioning in India underwent nationalization and then in the year 1980 another 6 banks were nationalized which enhanced the total number to 20.