it ia all about banking in 1960-1990

1. Banking During
1969 to 1990
(Era of Nationalisation)
Submitted by :- Abhishek Aggarwal
Vagavi Prakash
Shivangani Malhotra

2. View for banks in 1960

3. History from 1960-1990

4. Era of nationalisation
• 1969-1990
• Mainly concentrated in urban areas
• Channel through social justice
• 14 banks nationalised
• Min. deposit 50 crores
• 1980 again 6 banks nationalised with 200 crores.

5. Objectives and Reasons
• Rapid Growth in Agriculture
• Raising Employment Levels
• Development of Backward Areas
• Small industry and Exports
• Encouragement of New Entrepreneurs

6. List of 14 Banks
 In 1969,14 banks with minimum aggregate deposit of Rs
50 crore.
o The Central Bank of India
o The Bank of India
o The Punjab National Bank
o The Bank of Baroda
o The United Commercial Bank
o The Canara Bank
o The United Bank of India
o The Dena Bank

7. Continue….
• The Syndicate Bank
• The Union Bank of India
• The Allahabad Bank
• The Indian Bank
• The Bank of Maharashtra
• The Indian Overseas Bank

8. In 1980, Government of India Nationalised six more
bank :- Deposit of 200 Crore and above
• The Andhra Bank Limited.
• The Punjab And Sind Bank Limited
• The Corporation Bank Limited.
• The Oriental Bank of Commerce Limited.
• The Vijaya Bank Limited.
• The New Bank of India Limited

9. Establishment of Regional Rural Banks
• Formation of RRB’s.
• Set up under the RRB Act 1976.
• 196 RRB’s were set up
• In 1973, Govt. set up a Working group to the Study
the credit availability at the rural area.