Here we are sharing Nationalized banks in India and their dates of Nationalization
Trick to Remember Nationalization Date of Banks (19 Banks)
(Except SBI Group and IDBI)
There are total 26 banks nationalized in India that consists of 20 different banks and remaining 6 banks under SBI Group.
Among these 26 banks
14 banks were nationalized on July 19, 1969 and 5 banks were nationalized on April 15, 1980
To remember the nationalization date of the 19 banks remember this sentence –
“A PUNJABI boy of name VIJAYA is studying COMMERCE in a CORPORATE college of ANDHARA PARDESH.”
The above sentence highlights the names of 5 banks nationalized in April 15, 1980. These 5 banks are –
1) PUNJAB AND SINDH BANK (PUNJABI) (Don’t confuse it with PUNJAB NATIONAL BANK)
2) VIJAYA BANK (VIJAYA)
3) ORIENTAL BANK OF COMMERCE (COMMERCE)
4) CORPORATION BANK (CORPORATE)
5) ANDHARA BANK (ANDHARA PARDESH)
Except these 5 banks (also except SBI group and IDBI)
All other 14 banks were nationalized on July 19, 1969.
