Nationalization of bank was initiated in

Correct option is B

· On 19th July 1969, the Government of India nationalized 14 major commercial banks.
· These banks had deposits of more than ₹50 crores.
· Objective: To ensure better distribution of credit, especially in rural and priority sectors.
· Another round of nationalization occurred in 1980, covering 6 more banks.
· Other years:
· 1972 – Not related to bank nationalization.
· 1992 – Marked the beginning of liberalization and reforms in banking.
· 2004 – Saw major digitization but no nationalization.