BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following banks have entered capital market in the wake of Narasimham Committee recommendations?
|
|
State Bank of India
|
|
|
Oriental Bank of Commerce
|
|
|
Bank of India
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -Accordingly, they suggested reducing SLR rates from 38.5% to 25% and CRR from 15% to 3-5%. The Government of India implemented credit programmes that compelled banks to set aside funds for the needy and poor sectors at decreased rates.
Detailed explanation-2: -Answer: The objective of the Narasimham Committee was to read all the points that relate to the structure, role, organization, and method of the banking systems and to suggest to them how to improve very efficiently.
There is 1 question to complete.