Which of the following committee had recommended the consolidation of banks -:
The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India. It focussed on issues like size of banks and capital adequacy ratio among other things. First Narasimhan Committee (Committee on the Financial System – CFS) was appointed by Manmohan Singh as India's Finance Minister on 14 August 1991, and the second one (Committee on Banking Sector Reforms) was appointed by P.Chidambaram as Finance Minister in December 1997. With amalgamation announcement, the government is moving closer to implementing the Narasimham Committee (1998) recommendation on structural reforms. The committee recommended the merger of Indian banks as it will have a "multiplier effect" on the economy. The Government of India has majority stakes in 21 public sector banks and owns more than two-thirds of banking assets in India. Having several government-owned Banks, doing the same business, and competing for same customers is not sensible. It also meant a lower return on the capital employed by the government which has competing demands for funds, and growing competition.
Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?
(i) Acceptance of demand deposits
...What is the effective tariff rate on the commodity, when no imported inputs are used?
Which of the following statements is (in general) true?
Calculate Operating Surplus:
Items
Rs in crore
Compensation of employees
2000
Rent and interest
800<...
Which of the following statements is not true regarding CIBIL?
Which international body revised India's GDP growth forecast for the fiscal year 2024/25 to 6.8% recently (April 2024)?
The gross fiscal deficit is
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/€ ...
Which of the following statement is correct?
1. If autoregressive parameter (p) in an ARIMA model is 1, it means that there ...