Government intervention in public sector banks includes capital infusion for recapitalization and consolidation through mergers. The merger of SBI associates was a major reform move.
With reference to the governance of public sector banking in India, consider the following statements : 1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade. 2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected. Which of the statements given above is/are correct ?
Asked in UPSC IAS 2018 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
More Economic Development questions
- The Service Area Approach was implemented under the purview of
- Which of the following is not included in the assets of a commercial bank in India?
- The Chairmen of public sector banks are selected by the
- With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements: There is no minimum capital requirement for wholly owned banking subsidiaries in India. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. Which of the statements given above is/are correct ?
- Why were Banks nationalised in India ? 1. To borrow money from USA 2. To follow the IMF guidelines 3. To provide the Government of India more control of credit delivery Select the correct answer using the code given below:
- How many private commercial banks were nationalised in 1969 ?
- Demonitisation of Rs. 500 and Rs. 1000 currency notes was announced on
- Nationalisation of 14 Commercial Banks took place in