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    1. The document discusses the history and development of commercial banks in India, including their nationalization in 1969. 2. It outlines the key events in the evolution of commercial banks such as the establishment of presidency banks in 1840s and the nationalization of 14 major commercial banks under the Banking Companies (Acquisition and Transfer of Undertakings) Act in 1969. 3. The nationalization brought over 800 branches of commercial banks under government ownership and control, and was aimed to increase access to credit and prioritize the needs of agriculture and small industry.

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    1. The document discusses the history and development of commercial banks in India, including their nationalization in 1969. 2. It outlines the key events in the evolution of commercial banks such as the establishment of presidency banks in 1840s and the nationalization of 14 major commercial banks under the Banking Companies (Acquisition and Transfer of Undertakings) Act in 1969. 3. The nationalization brought over 800 branches of commercial banks under government ownership and control, and was aimed to increase access to credit and prioritize the needs of agriculture and small industry.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views9 pages

    Adobe Scan 22 Feb 2024

    Uploaded by

    vinaytg.cv18
    1. The document discusses the history and development of commercial banks in India, including their nationalization in 1969. 2. It outlines the key events in the evolution of commercial banks such as the establishment of presidency banks in 1840s and the nationalization of 14 major commercial banks under the Banking Companies (Acquisition and Transfer of Undertakings) Act in 1969. 3. The nationalization brought over 800 branches of commercial banks under government ownership and control, and was aimed to increase access to credit and prioritize the needs of agriculture and small industry.

    Copyright:

    © All Rights Reserved
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