Correct Answer: 1969

Solution : The correct option is 1969

The ultimate purpose of nationalising banks was to extend banking services to neglected and underprivileged areas and to facilitate financial inclusion and consolidation. On July 19, 1969, Prime Minister Indira Gandhi ordered the nationalisation of 14 banks with deposits exceeding Rs. 50 crore. Banks lend money to people, institutions and others to establish businesses and for various commercial and personal transactions.