General Economics & Indian Economy - GS questions based on daily current affairs for Q. 5799

Q.  Which RBI panel recommended cut in government holding of public sector banks under 50 percent?
- Published on 12 Aug 15

a. Nachiket mor
b. Raghurma Rajan
c. Urjit Patel
d. P. J. Nayak

ANSWER: P. J. Nayak
 
The panel, headed by ex-Chairman of Axis Bank, P. J. Nayak, said governance at the 26 public sector banks (PSBs) suffered due to several ‘externally imposed constraints’ like dual regulation by the RBI and the Finance Ministry, and external vigilance by agencies such as the CVC and CAG, among others. If the government stake in these banks were to reduce to less than 50 per cent, together with certain other executive measures, all these external constraints would disappear.

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