GyanGramWith reference to the governance of public sector banking in India, consider the following statements 1. Capi…
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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?
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• Correct Answer: C
• The merger of five SBI associate banks and Bharatiya Mahila Bank with parent SBI was completed on April 1, 2017 to improve efficiency.
• Capital infusion has fluctuated and stopped since FY2022-23 as banks turned profitable and raised market capital.
• Statement 1 is incorrect; statement 2 is correct.
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