Question

With reference to the governance of public sector banking in India, consider the following statements:

Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
To put the public sector banks 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?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer 1

The correct answer is option C.

Both these statements 1 & 2 are correct.

Capital infusion in public sector banks was at Rs. 1200 crore in the year 2009-10.

It was increased to Rs. 22,915 crore in the year 2016-17.

The government ordered the merger of associate banks into SBI for strengthening the biggest public sector lender.

Answer 2

Both statements 1 and 2 are true.

Explanation:

• This is because the capital infusion in the public sector banks by the Government of India has increased up to 70,000 crore is the last year 2019.
• Similar to this, the orders that are changed in the public sector banks by the Indian government has also affected the parent’s banks and its associated banks.
• The public sector banks of India have its parent branch in one central place and all other remaining banks are located in the nearby states.

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