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There are many nationalized banks in India. Their names and year of nationalization are as follows:

1. Allahabad Bank - 19 July 1969

2. Bank of Baroda - 1969

3. Bank of India - 1969

4. Bank of Maharashtra - 1969

5. Canara Bank - 1969

6. Central Bank of India - 1969

7. Corporation Bank - 1980

8. Dena Bank - 1969

9. Indian Bank - 1969

10. Indian Overseas Bank - 1969

11. Oriental Bank of Commerce - 1980

12. Punjab & Sind Bank - 1980

13. Punjab National Bank - 1969

14. Syndicate Bank - 1969

15. UCO Bank - 1969

16. Union Bank of India - 1969

17. United Bank of India - 1969

18. Vijaya Bank - 1980

Apart from these, there is State Bank of India which was nationalized in 1955

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13y ago
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13y ago

There are many nationalized banks in India. Their names and year of nationalization are as follows:

  1. Allahabad Bank - 19 July 1969
  2. Bank of Baroda - 1969
  3. Bank of India - 1969
  4. Bank of Maharashtra - 1969
  5. Canara Bank - 1969
  6. Central Bank of India - 1969
  7. Corporation Bank - 1980
  8. Dena Bank - 1969
  9. Indian Bank - 1969
  10. Indian Overseas Bank - 1969
  11. Oriental Bank of Commerce - 1980
  12. Punjab & Sind Bank - 1980
  13. Punjab National Bank - 1969
  14. Syndicate Bank - 1969
  15. UCO Bank - 1969
  16. Union Bank of India - 1969
  17. United Bank of India - 1969
  18. Vijaya Bank - 1980

Apart from these, there is State Bank of India which was nationalized in 1955.

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13y ago

The Reserve Bank is not a normal bank and was never nationalized. In fact, even when it was created in the year 1935 it was owned by the government that ruled the country (British). Later once, India got its independence, the government of India took over control of this bank. It is the central bank of India whose purpose is to regulate the issue of bank notes, to keep reserves with a view to securing monetary stability in India and generally to operate the currency and credit system in the best interests of the country.

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13y ago

The then Congress Govt wanted banks to be nationalised so that they could hold "Loan Melas" with an eye on the VOTE BANK.

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13y ago

14 Bank were first nationalized in India

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9y ago

1969

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11y ago

1969

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Q: When was Reserve bank of India nationalized?
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Related questions

Why sbi is not a nationalised bank?

The government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India.So, from then there is no need to nationalized SBI


Is canara bank is nationalized or not?

Canara bank is a nationalized bank in India. By nationalized, it means that the Government of India owns this bank and is responsible for all the money that is deposited in it by the customers. Some other nationalized banks in India are State Bank of India, Indian Bank, Indian Overseas Bank etc.


Which is the oldest Public Sector Bank in India?

The first nationalized or public sector bank of India was State Bank of India. It was nationalized in the year 1955. Subsequently many banks were nationalized in the year 1969 and some more in 1980. SBI is also the largest bank in India.


Why federal bank is a scheduled bank?

Federal Bank is a private sector bank in India. It is headquartered in Kochi, Kerala and has over 700 branches in India. It is not owned by the government of India and so it is not a nationalized bank. It is a privately held company. It is a scheduled bank because it is approved by the Reserve Bank of India to provide banking services in India


What is natinalised banks?

A nationalized bank is a bank that is wholly or majorly owned by the government of the country where it is operating. The term nationalized banks is very common in India and is used to signify a bank that is owned by the Government of India. For ex: State Bank of India is a nationalized bank and is fully owned by the Indian government


Is Federal Bank a nationalized bank?

No. Federal Bank is a private sector bank in India. It is headquartered in Kochi, Kerala and has over 700 branches in India. It is not owned by the government of India and so it is not a nationalized bank. It is a privately held company.


Which bank was not nationalised in 1969?

State Bank of India, it was nationalized in 1955, then it was called as imperial bank of india


How many reserve banks in India?

branches of reserve bank in India


Is bank of India a govt of India undertaking bank?

Bank of India is a Nationalized Public Sector Bank in India with majority stake being held of Government of India


What is the criteria for nationalised bank in India any bank is called nationalised?

A Bank is considered Nationalized if the bank is fully or at least majorly owned by the Government of India. The term nationalized is very commonly used in india to refer to government owned banks. They are called state owned banks or public sector banks in other countries. State bank of India, Punjab National Bank etc are examples of nationalized banks in india.


How many bank nationlised in 2000?

No banks were nationalized in the year 2000 in India. The names of Indias Nationalized banks and year of nationalization are as follows:Allahabad Bank - 19 July 1969Bank of Baroda - 1969Bank of India - 1969Bank of Maharashtra - 1969Canara Bank - 1969Central Bank of India - 1969Corporation Bank - 1980Dena Bank - 1969Indian Bank - 1969Indian Overseas Bank - 1969Oriental Bank of Commerce - 1980Punjab & Sind Bank - 1980Punjab National Bank - 1969Syndicate Bank - 1969UCO Bank - 1969Union Bank of India - 1969United Bank of India - 1969Vijaya Bank - 1980Apart from these, there is State Bank of India which was nationalized in 1955.


Number of Nationalised banks in India?

23 nationalized bank