Statements (21)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:historical_event
|
| gptkbp:country |
gptkb:India
|
| gptkbp:date |
19 July 1969
|
| gptkbp:effect |
expansion of banking in rural areas
greater government control over banking sector increased financial inclusion |
| gptkbp:followedBy |
second phase of nationalization in 1980
|
| https://www.w3.org/2000/01/rdf-schema#label |
Nationalization of banks
|
| gptkbp:launched |
gptkb:Indira_Gandhi
|
| gptkbp:numberOfBanksNationalized |
14
6 |
| gptkbp:precededBy |
nationalization of State Bank of India in 1955
|
| gptkbp:purpose |
promote social welfare
increase government control over credit delivery reduce private monopolies in banking |
| gptkbp:relatedTo |
gptkb:Reserve_Bank_of_India
gptkb:Banking_Companies_(Acquisition_and_Transfer_of_Undertakings)_Act,_1970 gptkb:State_Bank_of_India public sector banks in India |
| gptkbp:bfsParent |
gptkb:Indira_Gandhi_government
|
| gptkbp:bfsLayer |
6
|