(Un)Authorized Way of Capturing Banks By the Government
Co-Written by Tanya Singla and Achintaya Soni Introduction July 19, 2020 marked the 51st anniversary of the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969. Simply termed the Banking Nationalization Ordinance of 1969, it announced the taking of ownership and control by the State of 14 commercial banks namely Allahabad Bank, Bank of Baroda, Bank of India, Bank[Read More…]