Question:
The Second Phase of Bank nationalization happened in India in the year of?
A1978
B1979
C1980
D1981
Answer:
C. 1980
Explanation:
Second Phase Bank Nationalization:
- Took place on - 15th April, 1980
- Indira Gandhi nationalized 6 banks with a share capital of Rs.200 crores
During the second phase
- Prime Minister : Indira Gandhi
- Financial Minister : R Venkitaraman
- President : Neelam Sanjeeva Reddy
- RBI Governor : I G Patel
- Five Year Plan : 6
During this time nationalized banks:
- Punjab and Sind Bank
- Vijaya Bank
- New Bank of India
- Oriental Bank of Commerce
- Corporation Bank
- Andhra Bank