{"id":30074,"date":"2024-08-29T06:19:14","date_gmt":"2024-08-29T06:19:14","guid":{"rendered":"https:\/\/entri.app\/question-answer\/the-nationalization-of-fourteen-major-banks-in-india-was-in-the-year\/"},"modified":"2024-08-29T06:19:14","modified_gmt":"2024-08-29T06:19:14","slug":"the-nationalization-of-fourteen-major-banks-in-india-was-in-the-year","status":"publish","type":"post","link":"https:\/\/entri.app\/question-answer\/the-nationalization-of-fourteen-major-banks-in-india-was-in-the-year\/","title":{"rendered":"The nationalization of fourteen major banks in India was in the year"},"content":{"rendered":"<ul>\n<li>The Government of India issued an ordinance (&#8216;Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969&#8217;) and nationalised the 14 largest commercial banks with effect from the midnight of 19 July 1969. <\/li>\n<li>These banks contained 85 per cent of bank deposits in the country.<\/li>\n<li>When Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India issued an ordinance (&#8216;Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969&#8217;) and nationalised the 14 largest commercial banks with effect from the midnight of 19 July 1969. These banks contained 85 per cent of bank deposits in the country. When Government of India acquired the ownership of 6 more banks, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[321],"tags":[],"class_list":["post-30074","post","type-post","status-publish","format-standard","hentry","category-indian-polity"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The nationalization of fourteen major banks in India was in the year<\/title>\n<meta name=\"description\" content=\"The nationalization of fourteen major banks in India was in the year : Find the answer with a detailed explanation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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