With reference to the governance of lsquo public sector banking in India consider the following stat...........

Economic Affairs Types of Banks and Banking

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?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Types of Banks and Banking

Prepare through Micro-courses

Try Now

Explanation:

Justification: S1: Capital infusion has not been steady, therefore statement 1 is wrong.
https://www.livemint.com/Industry/3qTu3MjDuTCrPIpqKnGcrO/The-whys-and-hows-of-public-sector-bank-recapitalisation.html
One of the desired objectives of consolidation of banks is the streamlining of banking operations and reduce their NPA burden. Thus, Statement 2 is correct.