Nationalisation of 14 Commercial Banks took place in:
- A1969
- B1980
- C1971
- D1991
Solution & Step-by-step Explanation
The Government of India nationalized 14 major commercial banks on July 19, 1969, through the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, under the leadership of Prime Minister Indira Gandhi. A second wave of nationalization occurred later in 1980 involving 6 more banks.