Mains Paper II · 1 Indian Economy · 1.7 Banking and financial inclusion

1.7.2 Bank nationalisation and reforms: 1969, 1980, Narasimham committees and PSB mergers

India nationalised 14 banks in 1969 and 6 in 1980, liberalised banking after the 1991 Narasimham reforms, and in 2017-2020 merged public sector banks into 12.

  • APPSC Group 2 · Mains Paper II
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • nationalisation 1969
  • 1980
  • Imperial Bank
  • SBI 1955
  • R.C. Cooper
  • Narasimham Committee
  • Indradhanush
  • Bank Board Bureau
  • PSB mergers
  • Andhra Bank

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. AP angleStandard
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  6. Common trapsFoundation
  7. Quick revisionFoundation

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