Committee set up for review of merger proposal of public sector banks

Arun Jaitley to head panel for consolidation of PSBs

Question: A committee has been set up under whose chairmanship to review of merger proposal of public sector banks?
(a) Arun Jaitley
(b) Rajiv Kumar
(c) Nirmala Sitharaman
(d) Piyush Goyal
Answer: (a)
Related Facts:

  • On October 30th, 2017, Central Government has made improvements in public sector banks to pursue further; the Ministerial Committee has been constituted under the chairmanship of Finance Minister Arun Jaitley.
  • Committee will consider the merger proposal of public sector banks.
  • Other members of the committee include Railway and Coal Minister Piyush Goyal and Defense Minister Nirmala Sitharaman.


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