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Kerala PSC Economics Notes - 01 (Nationalised Banks)

Keralapschelper.com is presenting a Notes related with Indian Economy. In this set we included the names of Nationalised Banks. These points included in various questions which are asked by Kerala Public Service Commission in the Degree Level Exams like Secretariat Assistant, Lower Division Clerk, University Assistant etc..
Nationalisation of banks means to take the banks under government undertaking. First round of Nationalisation took place in 19 July, 1969. In this 14 banks were included . They are
  1. Allahabad bank 
  2. Bank of Baroda 
  3. Bank of India 
  4. Bank of Maharashtra 
  5. Central bank of India 
  6. Canara bank 
  7. Dena bank (Merged with Bank of Baroda on 1 April 2019)
  8. Indian bank 
  9. Indian overseas bank 
  10. Punjab national bank 
  11. Syndicate bank 
  12. UCO bank 
  13. Union bank 
  14. United bank of India 
Banks which were nationalised on second time in 15th April, 1980. They are
  1. Punjab and Sind bank 
  2. Vijaya bank (Merged with Bank of Baroda on 1 April 2019)
  3. Oriental bank of India 
  4. Corporate bank 
  5. Andhra bank 
  6. New bank of India- (Later it was merged with PNB)
So the total number of Nationalised banks are (13+4) = 17 at present.

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