NATIONALIZATION BANKS

Nationalization of banks took place in 1969 in the Indira Gandhi resigm, There are 27 nationalized banks.

The purpose was to give more attention to the agricultural n rural needs. Earlier to 1969 there was only one government bank that was SBI. renationalization took place in 1980.

Nationalised bank are those banks which are governed by the RBI and Regulation act of 1949. The banks which are included are as follows:

1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India - Recognized throughout India.
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank - Recognized throughout India.
11. Indian Overseas Bank - Globally Recognized Bank.
12. Oriental Bank of Commerce
13. Punjab and Sind Bank
14. Punjab National Bank
15. State Bank of Bikaner & Jaipur
16. State Bank of Hyderabad
17. State Bank of India (SBI)
18. State Bank of Indore
19. State Bank of Mysore
20. State Bank of Patiala
21. State Bank of Saurashtra
22. State Bank of Travancore
23. Syndicate Bank
24. UCO Bank
25. Union Bank of India - Globally Recognized Bank.
26. United Bank of India - Globally Recognized Bank.
27. Vijaya Bank