Rajeev Chandrasekhar's official website - Member of Parliament

 

 

GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF FINANCIAL SERVICES

 

RAJYA SABHA
STARRED QUESTION NO.*3
TO BE ANSWERED ON 22ND NOVEMBER, 2011 / AGRAHAYANA 1, 1933 (SAKA)
Roadmap for Improving Productivity of Banking Sector

 

 

QUESTION
*3 SHRI RAJEEV CHANDRASEKHAR:

 

Will the MINISTER of FINANCE be pleased to state:

 

(a)    Whether it is a fact that government has prepared a roadmap for improving the productivity of the banking sector in the country; and

 

(b)    If so, the details thereof?

 

ANSWER
The Ministry of Finance
(SHRI PRANAB MUKHERJEE)

 

 

(a)   & (b) : a statement is laid on the table of the house

 

 

Contd

 

 

 

 

 

STATEMENT FOR RAJYA SABHA STARRED QUESTION NO. #3 FOR 22ND NOVEMBER, 2011 REGARDING ROADMAP FOR IMPROVING PRODUCTIVITY OF BANKING SECTOR TABLED BY SHRI RAJEEV CHANDRASEKHAR

 

 

(a)    & (b): Banks are guided by their board driven policies to improve their productivity and efficiency while expanding their business. Reserve Bank of India (RBI), as the regulator and supervisor of the banking sector, carries out inspections and constantly monitors the financial soundness indicators of the banks to ensure that banking sector is healthy and productive. The banks have an association called Indian Banks’ Association which seeks to promote and develop in India sound and progressive banking principles, practices and conventions. In addition to this, the government as the majority shareholder of public sector banks (PSBs), has recently prepared a roadmap fore improving productivity of the public sector banks (PSBs)