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๐ฆ
๐ฆ Money & Banking
Banking System in India
India has 12 public sector banks, 22 private banks, 46 foreign banks and 1,500+ cooperative banks
India ๐ฎ๐ณ 1969 Money & Banking
Key Facts
- 1
Bank nationalisation in 1969 (14 banks) and 1980 (6 banks); SBI is largest with โน60+ trillion assets
- 2
Jan Dhan Yojana (2014): opened 500 million bank accounts for unbanked population โ world record
- 3
UPI (Unified Payments Interface): India processes more digital transactions than USA + Europe + China combined
๐ Did you know? India's bank nationalisation (1969) was one of Indira Gandhi's most controversial decisions โ took private banks into government ownership overnight
Quick Reference
Category
Money & Banking
Country
๐ฎ๐ณ India
Year / Era
1969
About
India has 12 public sector banks, 22 private banks, 46 foreign banks and 1,500+ cooperative banks