The nationalization of 14 major commercial bank was in June 1969 & six more banks were nationalized in April

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Six more banks were nationalized in April 1980, following the initial nationalization of 14 major commercial banks in June 1969. This was part of a broader effort to extend banking services to rural areas and prioritize sectors that were considered important for economic development but were not receiving adequate attention from the private sector.

The Nationalization of 14 Major Commercial Bank Was in June