Question
How many banks were nationalised by the Union Government of India in the year 1980?
This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
Six
1980 Bank Nationalisation: Number of Banks
In the year 1980, the Union Government of India nationalised six banks.
Details of 1980 Bank Nationalisation
This was the second major wave of bank nationalisation in India, following the first one in 1969. The specific banks nationalised during this phase were:
- Andhra Bank
- Corporation Bank
- New Bank of India
- Oriental Bank of Commerce
- Punjab & Sind Bank
- Vijaya Bank
These banks were chosen based on their paid-up capital exceeding INR 50 crore at that time.
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