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Which were the 14 Nationalised Banks in 1969

Which were the 14 nationalized banks in 1969.Find the answer to this question and access a vast question bank customized for learners.

Answer: In 1969, 14 banks were nationalized under the authority of Indra Gandhi, the Prime Minister. On this day, the 14 significant investors that accounted for Bank deposits of around 85% in the country at that time were Nationalised.

The main objective of these banks, having deposits of over rupees 50 crores, was to function better the demands of the development of the economic system in agreement with national policy aims. 

Canara Bank, Allahabad Bank, UCO Bank, United Bank of India, Indian Overseas Bank,  Syndicate Bank, Bank of Baroda, Bank of India, Punjab National Bank, Bank of Maharashtra, Indian bank, Central Bank of India, Dena Bank, Union Bank were nationalized.