BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is/was NOT included in the agenda set for the Banking Reforms in India? [Andhra Bank 2011]
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Dismantling of administered interest rates
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Measures to strengthen risk management
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Promulgation of SARFAESI Act
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Promotion of the concept of easy credit to all with a guaranteed subsidy from the Govt
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Explanation:
Detailed explanation-1: -Phased achievement of 8% capital adequacy ratio. Abolition of branch licensing policy. Proper classification of assets and full disclosure of accounts of banks and financial institutions. Deregulation of Interest rates.
Detailed explanation-2: -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.
Detailed explanation-3: -The main objective is to improve operational efficiency and promote banks’ health and financial reliability, so that Indian banks can meet internationally recognised standards of performance.
There is 1 question to complete.