- Nationalization of banks in India refers to the process of transferring ownership and control of banks from private shareholders to the government. It was carried out in 1969 with the aim of promoting social welfare and economic development.
- The nationalization of banks in 1969 involved the acquisition of 14 major private banks by the government. However, not all banks were nationalized at that time.
- The correct answer to the question is option 'A', Vijaya Bank, as it was not nationalized in 1969.
- The banks that were nationalized in 1969 include Canara Bank, Bank of India, and Central Bank of India.

Explanation:
1. Nationalization of banks in 1969:
- On July 19, 1969, the Indira Gandhi-led government announced the nationalization of 14 major private banks in India.
- The objective behind this move was to expand the reach of banking services, promote financial inclusion, and channelize credit towards priority sectors such as agriculture, small-scale industries, and exports.

2. Banks that were nationalized:
- Canara Bank: Canara Bank was one of the banks that were nationalized in 1969. It was established in 1906 and had a significant presence in South India.
- Bank of India: Bank of India, founded in 1906, was also nationalized in 1969. It is one of the largest public sector banks in India.
- Central Bank of India: The Central Bank of India, established in 1911, was another bank that came under government control in 1969. It has a strong presence in rural and semi-urban areas.

3. Vijaya Bank:
- Vijaya Bank, established in 1931, was not nationalized in 1969.
- However, Vijaya Bank was later nationalized along with several other banks in 1980.
- The decision to nationalize Vijaya Bank in 1980 was part of the second wave of bank nationalization carried out by the government.

In conclusion, while Canara Bank, Bank of India, and Central Bank of India were nationalized in 1969, Vijaya Bank was not nationalized at that time. It was nationalized in 1980 along with several other banks.