{"id":1742,"date":"2024-03-29T14:43:33","date_gmt":"2024-03-29T09:13:33","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1742"},"modified":"2024-04-03T07:13:01","modified_gmt":"2024-04-03T01:43:01","slug":"q-with-reference-to-the-governance-of-public-sector-banking-in-india-consider-the-following-statements","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-the-governance-of-public-sector-banking-in-india-consider-the-following-statements","title":{"rendered":"Q.\u00a0With reference to the governance of public sector banking in India, consider the following statements:"},"content":{"rendered":"\n
    \n
  1. Capital infusion into public sector banks by the Government of India has steadily increased<\/strong> in the last decade.<\/li>\n\n\n\n
  2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.<\/li>\n<\/ol>\n\n\n\n

    Which of the statements given above is\/are correct?<\/p>\n\n\n\n

      \n
    • 1 only<\/li>\n\n\n\n
    • 2 only<\/li>\n\n\n\n
    • Both 1 and 2<\/li>\n\n\n\n
    • Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer:<\/strong> (b) 2 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Notes:<\/h5>\n\n\n\n
        \n
      • Public Sector Banks or PSBs are those banks where the direct holding of the Central\/State Government or other PSBs is 51% or more.<\/strong><\/li>\n\n\n\n
      • Capital infusion into public sector banks by the Government of India has not steadily increased<\/strong> in the last decade, there has been a fall in between<\/strong>.<\/li>\n\n\n\n
      • To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.\n
          \n
        • Merging of banks would help in strengthening the bargaining power of the banks, reduce operational expenditure, enhance capital efficiency, streamline banking operations and reduce their NPA burden.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • The central government invested Rs 3.31 lakh crore in public sector banks between FY17 and FY21<\/strong>.<\/li>\n\n\n\n
        • As of December 31, 2022, all PSBs have more than a 100 basis point cushion above the regulatory Tier I capital requirement<\/strong>. It is 10.8% for SBI, 12.6% for Bank of Baroda, 13.7% for Canara Bank, 11.6% for UCO Bank, 12.3% for Union Bank, and 13.5% for Bank of Maharashtra, and 13.6 per cent for Bank of India.<\/li>\n\n\n\n
        • After major mergers, these are the\u00a012 public sector banks<\/strong>\u00a0in 2024.\n
            \n
          1. State Bank of India<\/li>\n\n\n\n
          2. Punjab National Bank<\/li>\n\n\n\n
          3. Bank of Baroda<\/li>\n\n\n\n
          4. Canara Bank<\/li>\n\n\n\n
          5. Union Bank of India<\/li>\n\n\n\n
          6. Bank of India<\/li>\n\n\n\n
          7. Indian Bank<\/li>\n\n\n\n
          8. Central Bank of India<\/li>\n\n\n\n
          9. Indian Overseas Bank<\/li>\n\n\n\n
          10. UCO Bank<\/li>\n\n\n\n
          11. Bank of Maharashtra<\/li>\n\n\n\n
          12. Punjab & Sindh Bank<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n\n\n
            \n
            \"Capital<\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"

            Which of the statements given above is\/are correct? Answer: (b) 2 only Notes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[55],"class_list":["post-1742","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-55"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":55,"label":"2018"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1742"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1742\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1742"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}