Multiple choice

There is a pre-condition that the public sector bank should have the level of NPAs ________ for getting managerial autonomy like recruitment, posting, transfer, training, promotion etc. from Ministry of Finance.

  1. below 6%

  2. below 7%

  3. below 8%

  4. below 9%

  5. below 10%

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

For managerial autonomy, the Ministry of Finance required public sector banks to have a level of Non-Performing Assets (NPAs) below 9%.