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The nationalization of 14 commercial banks was on ___________.

  • The nationalization of 14 commercial banks was on 19 July 1969.
  • This was a significant event in the history of Indian banking, as it led to the creation of a large public sector banking system, which was seen as a means of promoting financial inclusion and economic development.
  • The banks that were nationalized included several leading private banks, such as the Bank of India, the Punjab National Bank, and the Canara Bank, among others.