Nationalised Banks of India
Nationalised Banks of India
On July 19, 19699 Some commercial banks, especially 14, whose reserves were more than Rs.50 crore each, were nationalized in order to have more control over the banks. The nationalized banks were:
1. The Central Bank of India
2. Bank of India
3. Punjab National Bank
4. Canara Bank
5. United Commercial Bank
6. Syndicate Bank
7. Bank of Baroda
8. United Bank of India.
9. Union Bank of India
10. Dena Bank
11. Allahabad Bank
12. Bank of Maharashtra
13. Indian Overseas Bank
14. Bank of Maharashtra
Nationalised Banks of India
April 15, 1980: The following 6 private sector banks whose reserves were more than Rs.200 crore were nationalized. Their banks are-
1. Andhra Bank
2. Punjab and Sindh Bank
3. New Bank of India
4. Vijaya Bank
5. Corporation Bank
6. Oriental Bank of commerce
Nationalised Banks of India
Note: In September 1993: The New Bank of India was merged with the Punjab National Bank.
Note: These nationalized banks, together with regional Rural Banks (RRBs), come under the category of Public sector Commercial Banks. The other kinds of commercial banks are Private sector, Commercial Banks. At present, there are 20 nationalized banks, besides the RBI. 0 0 0
Nationalised Banks of India
You May Like:
Related Search:
