The number of Banks nationalised since 1969 is ........

Indian Economy (Easy) Money and banking

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The number of Banks nationalised since 1969 is :

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Explanation:

The government through the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969 and nationalised the 14 largest commercial banks on 19 July 1969. These lenders held over 80 per cent bank deposits in the country. Soon, the parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received presidential approval on 9 August 1969.