1980 CE · economy policy

Six More Commercial Banks Are Nationalised

On 15 April 1980, six private-sector banks with deposits above the prescribed threshold were nationalised, expanding the public-sector banking system.

Reserve Bank of India building in Mumbai — Modern banking-institution context, not an image of the 1980 nationalisation announcement. Confirm the exact Commons licence before use; fail rather than substitute if unavailable. · Credit: Own-work uploader shown on Commons · License: Verify exact Creative Commons licence on current source page

This entry is being reviewed before inclusion in search results.

Sources and further reading

Reserve Bank of India — Banking Developments

Sources and further reading

Explore related events