Question
Which bank was NOT nationalized during the bank nationalization process of 1969?
The correct answer is
State Bank of India
In 1969, the Indian government nationalized 14 banks, but the State Bank of India (SBI) was not included, as it had already been nationalized in 1955.
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Important Questions from Banking History or Facts
- When was the Bank of Madras established as the third Presidency Bank in India?
Which of the following is the apex banking institution of India that regulates the monetary policy?
Which among the following is the first life insurance company on the Indian soil?
Which among the following sponsors Regional Rural Banks (RRB'S)?
In which year State Bank of India was nationalized?
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