.......The bank nationalisation of 1969 was an overnight decision of a single individual (incidentally, a non-expert on the subject) against the expert advice of the then Reserve Bank of India Governor L K Jha, and that too without any rationale. The only reason for the decision, narrated to a friend years later by the august personality who took it was: "They (my political adversaries) drove me to the wall and left me with no other option," (vide RBI History Vol 3 p.53).
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