United Forum of Bank Unions decided to observe July 19 as Save public sector banks day

Posted on:05 Jul 2017 16:52:39
United Forum of Bank Unions decided to observe July 19 as Save public sector banks day
05 July 2017 Current Affairs: The United Forum of Bank Unions decided to observe July 19, the 48th anniversary of nationalization of major banks, as Save public sector banks day.

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

The Government of India issued an ordinance and nationalized the 14 largest commercial banks with effect from the midnight of 19 July 1969.

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