Banking, Finance & Cashless India

Alternate Mechanism

An Alternate Mechanism was constituted for the consolidation of public sector banks.

What it will Do?

An Alternate Mechanism was constituted for the consolidation of public sector banks.

The Mechanism will examine proposals received from banks for approval to formulate schemes for amalgamation. It may also direct banks to examine proposals for amalgamation.

Remember This

In August 2017, the Cabinet had given its in-principle approval for public sector banks to merge.


Public Credit Registry

The Reserve Bank of India (RBI) set up a High-Level Task Force on Public Credit Registry for India.

The terms of reference of the Task Force include

(i) Reviewing ....

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Indian Economy & Socio-economic Development