Question

Which of the following is/was not included in the agenda set for the banking reforms in India?

A Dismantling of administered interest rates
B Measures to strengthen risk management
C Promulgation of Sarfaesi Act.
D Promotion of the concept of easy credit to all with a guaranteed subsidy from the government
E Granting of operational autonomy to public sector banks and allowing them to raise capital from the open market

Answer & Explanation

Answer: Option [D]