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The Government of India on the recommendations of a committee led by an expert economist started the merger of the SBI associate bank with the SBI by merging State Bank of Saurashtra and State Bank of Indore, and in due course other banks will also be merged.
(1) The government wants to decrease the number of banks.
(2) The government wants to increase the capital of SBI.
(3) The government wants SBI to be at par with the leading banks of the world. (
4) The government is fulfilling the Basel norms.
Only (1) and (3)
Only (2)
Only (3) and (4)
Only (2) and (3)
None of these
The aim is to go for (3), for which (2) is a prerequisite. (1) is only incidental while (4) is beside the point.
By: Parvesh Mehta ProfileResourcesReport error
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