Unions to observe July 19 as ‘Save public sector banks’ day

The United Forum of Bank Unions has decided to observe July 19, the 48th anniversary of nationalisation of major banks, as ‘Save public sector banks’ day.


Members will wear a commemorative badge on the day, display posters in front of all branches, distribute leaflets and hold rallies/demonstrations at all centres across the country.

Important Takeaways from Above-
  • The Government of India issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of 19 July 1969.
  • K.K.Nair is General Secretary of Indian National Bank Officers Congress.
Source- The Hindu

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