question_answer

The Government of India on the recommendations of a committee led by an expert economist started the merger of the SBI associate banks with the SBI, by merging State Bank of Saurashtra and State Bank of Indore, and in due course other banks will also be merged. Which of the following could be the reason(s) for the merger of the banks?

(A) The government wants to decrease the number of banks.

(B) The government wants to increase the capital of SBI.

(C) The government wants SBI to be at par with the leading banks of the world.

(D) The government is fulfilling the Basel norms.

A)  Only A and C               

B)  Only B

C)  Only C and D               

D)  Only B and C

E)  None of these