1.

What were the main changes in the second phase of the growth of banks in India?

Answer»
  • The second phase of the growth of banks from 1969 to 1990, witnessed a speedy development of banks. 
  • The view that banks should operate with the aim of social progress led to bank nationalization in 1969. 
  • 14 banks with assets worth more than ₹ 50 crores were nationalized in 1969 and 6 more banks were nationalized in 1980. 


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