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 Points 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.
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