A) Restructuring of weak banks
B) Strengthening rural banks,
C) Microfinance
D) None of the above
Correct Answer: A
Solution :
[a] The Reserve Bank of India, set up a Working Group under the chairmanship of Shri M.S. Verma, former Chairman, State Bank of India, to suggest measures for revival of weak public sector banks. The terms of reference were [a] criteria for identification of weak public sector banks, [b] to study and examine the problems of weak banks, [c] to undertake a case by case examination of the weak banks and to identify those which are potentially revivable and [d] to suggest a strategic plan of financial, organisational and operational restructuring for weak public sector banks.
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