Multiple choice

How many Banks were in second phase of nationalization?

  1. 4

  2. 5

  3. 6

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the second phase of bank nationalization on April 15, 1980, 6 more banks were nationalized by the Government of India. Option C is correct as these 6 banks met the criteria of having deposits over Rs. 200 crores. This brought the total number of nationalized banks to 20.

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