In 1969, the Indira Gandhi-headed authorities nationalised 14 major commercial banks. On Indira Gandhi’s return to energy in 1980, an additional six banks have been nationalised. The regulation of the financial state and especially the fiscal sector was strengthened by The federal government of India in the 1970s and nineteen eighties. The central lender became the central participant and increased its policies a great deal for different duties like interests, reserve ratio and visible deposits.
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