Cycle rickshaw pullers outside an Allahabad Bank branch in Delhi, on July 8, 2019. (Photographer: Anindito Mukherjee/Bloomberg)

Why Indira Gandhi Nationalised India’s Banks

The year 2019 marks 50 years of India’s Bank Nationalisation. On July 19, 1969, Indira Gandhi who was both Prime Minister and Finance Minister at that time decided to nationalise 14 largest private...

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