Historical Events and Dates

The Industrial Development Bank of India (IDBI) was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of industry.

SIDBI was established on April 2, 1990, through an Act of Parliament to serve as the principal financial institution for the promotion and development of the MSME sector.

IFC was established on July 20 1956.

In 1969, fourteen major private commercial banks of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency and effectively of public sector by bringing domestic competition in the sector so that it can compete with the international banking system. 

In 1969, the Indian government nationalized 14 major commercial banks to bring them under state control and align them with national development goals.

Major bank nationalization in India occurred in two distinct phases: the first in 1969 (14 banks) and the second in 1980 (6 banks).

In 1969, the Government of India nationalized 14 major commercial banks through an ordinance. This was the first major wave of bank nationalization, bringing banks with deposits over Rs. 50 crores under public ownership. This question duplicates the factual information from question 497255.

The fall of the Berlin Wall began on November 9, 1989, following a series of political changes in East Germany. This event led to the eventual reunification of Germany.

Margaret Thatcher became the Prime Minister of the United Kingdom after the Conservative Party won the general election in May 1979.

Adolf Hitler was appointed Chancellor of Germany on January 30, 1933.

The Easter Act 1928 was an Act of the Parliament of the United Kingdom intended to fix the date of Easter to the first Sunday after the second Saturday in April.

The United Nations officially came into existence on October 24, 1945, when the UN Charter was ratified by the majority of its signatories.

• NATO stands for North Atlantic Treaty Organisation.
• It is a Western organization which was set up in the year 1949 to promote collective security during the Cold War.
  

• The Warsaw pact was introduced by Stalin to rival the NATO.
• It is an East European organization set up in 1955 to promote security during the Cold War.

The Paris Peace Accords, which effectively ended direct US military involvement in Vietnam, were signed in January 1973.