Question

Banking and macroeconomics role of public sector banks in india

Answer 1

Before economic liberalisation came, many loss-making private sector organisations were nationalised to save jobs. There is a plan to wind up some continually loss-making nationalised concerns which have no hope of recovery. Recently, several such pharmaceutical concerns have been earmarked for closure. If no meaningful bids are forthcoming for some firms before the NCLT, they will surely be liquidated.

Answer 2

Explanation:

Bangalore In India, banks have played an important role in economic growth and development. Since the 1970s, public sector banks (PSBs) have been in the forefront of mobilizing resources from far flung rural areas as well as extending banking services in the remotest parts of the country.