Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

Which of the following statements is/are correct with reference to the Bank Investment Company (BIC)?

A Setting up a BIC as a holding company or a core investment company was suggested by the P.J. Nayak Committee in its report on ‘Governance of Boards of Banks in India’.
B The report recommended transferring shares of the government in the banks to the BIC which would become the parent holding company of all these banks.
C Both A & B
D None of these
Answer & Explanation
Option: Both A & B

Explanation:

The Finance Ministry is examining other avenues for affordable capital infusion, including setting up of a Bank Investment Company (BIC) with the RBI raising concerns over the issuance of zero-coupon bonds for recapitalisation of public sector banks (PSBs). Setting up a BIC as a holding company or a core investment company was suggested by the P.J. Nayak Committee in its report on ‘Governance of Boards of Banks in India’. The report recommended transferring shares of the government in the banks to the BIC which would become the parent holding company of all these banks; as a result of this, all the PSBs would become ‘limited’ banks.
Advertisement
Article and Schedule Quiz Start Test!
DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Random GK Questions

Assam Direct Recruitment Test Series