<P> A second dose of nationalisation of 6 more commercial banks followed in 1980 . The stated reason for the nationalisation was to give the government more control of credit delivery . With the second dose of nationalisation , the Government of India controlled around 91 % of the banking business of India . Later on , in the year 1993 , the government merged New Bank of India with Punjab National Bank . It was the only merger between nationalised banks and resulted in the reduction of the number of nationalised banks from 20 to 19 . Until the 1990s , the nationalised banks grew at a pace of around 4 % , closer to the average growth rate of the Indian economy . </P>
<P> A second dose of nationalisation of 6 more commercial banks followed in 1980 . The stated reason for the nationalisation was to give the government more control of credit delivery . With the second dose of nationalisation , the Government of India controlled around 91 % of the banking business of India . Later on , in the year 1993 , the government merged New Bank of India with Punjab National Bank . It was the only merger between nationalised banks and resulted in the reduction of the number of nationalised banks from 20 to 19 . Until the 1990s , the nationalised banks grew at a pace of around 4 % , closer to the average growth rate of the Indian economy . </P>
in which year 6 major commercial banks were nationalised in india
in which year 6 major commercial banks were nationalised in india
1980
1980