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.

Reference:
https://economictimes.indiatimes.com/industry/banking/finance/banking/government-sets-up-arun-jaitley-led-panel-on-psu-bank-mergers/articleshow/61340791.cms
https://hindi.news18.com/news/business/finance-minister-arun-jaitley-to-head-panel-for-consolidation-of-psbs-1152084.html
http://www.thehindubusinessline.com/money-and-banking/govt-sets-up-jaitleyled-panel-on-psb-mergers/article9932575.ece

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