Discover and read the best of Twitter Threads about #banknationalization
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Today, 50 years ago, PM #IndiraGandhi, also India's first woman Finance Minister, nationalized 14 of the country's largest private banks.
Journalist Inder Malhotra wrote of that momentous day in 1969: "[Many] who had never seen the interior of a bank...danced in the streets."
Journalist Inder Malhotra wrote of that momentous day in 1969: "[Many] who had never seen the interior of a bank...danced in the streets."
This was K Shankar Pillai's cartoon of #IndiraGandhi the week after #BankNationalization. Indira holds in her hands the keys to the 14 nationalized banks along with the FM's briefcase.
To be sure, there was strident opposition to #BankNationalization, largely from within the PM's own party, the @INCIndia, and the liberal Swatantra Party. But as these other cartoons by Shankar reveal, #IndiraGandhi pressed on with skill and determination.
