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With reference to the Bank Investment Company (BIC), consider the following statements:
1. 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’.
2. 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.
Which of the statements given above is/are correct?  
  • a)
    1 only        
  • b)
    2 only        
  • c)
    Both 1 and 2        
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the Bank Investment Company (BIC), consider the foll...
With the RBI raising concerns over the issuance of zero-coupon bonds for recapitalisation of public sector banks (PSBs), the Finance Ministry is examining other avenues for affordable capital infusion, including setting up of a Bank Investment Company (BIC).
  • 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; thus, all the PSBs would become ‘limited’ banks.
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With reference to the Bank Investment Company (BIC), consider the following statements:1. 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’.2. 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.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Bank Investment Company (BIC), consider the following statements:1. 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’.2. 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.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Bank Investment Company (BIC), consider the following statements:1. 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’.2. 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.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Bank Investment Company (BIC), consider the following statements:1. 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’.2. 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.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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