Multiple choice

The government entrusted all disinvestment-related merchant banking assignments to PSBs in a bid to enable them to get more exposure in this field. Which of the following Public Sector Banks (PSBs) would get preference over private firms in handling merchant banking activities for government companies?

  1. State Bank of India

  2. Punjab National Bank

  3. Canara Bank

  4. All of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The government decided to entrust merchant banking assignments to various Public Sector Banks (PSBs) to build their capacity and reduce reliance on private firms for government divestment processes.