Which was the only nationalised bank in India before 1969?
Answer
The correct answer is D: SBI. State Bank of India was established and nationalised in 1955 under the SBI Act, making it the only nationalised bank before the 1969 mass nationalisation of 14 banks.
A.Bank of Baroda
B.Allahabad Bank
C.Central Bank of India
D.SBI✓ Correct
Explanation
State Bank of India was established and nationalised in 1955 under the SBI Act, making it the only nationalised bank before the 1969 mass nationalisation of 14 banks.
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