Economics · Financial Sector Reforms
Analyze the impacts of financial sector reforms on Public Sector Banks (PSBs) in India: Statement I: Basel I norms introduced in the mid-1990s forced PSBs to increase their capital base. Statement II: Debt Recovery Tribunals (DRTs) provided an expedited mechanism for recovering NPAs. Statement III: Financial reforms led to the complete abolition of the Statutory Liquidity Ratio (SLR). Statement IV: Entry of new private sector banks intensified technology upgrades. Which of the statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statement I and Statement III are correct.
- 2Only Statement II and Statement IV are correct.
- 3Only Statement I, Statement II, and Statement IV are correct.✓
- 4Statement I, II, III, and IV are all correct.
Correct answer
Only Statement I, Statement II, and Statement IV are correct.
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