- 05/27/2019 at 6:45 pm #1006475EduGorillaKeymasterSelect Question Language :
Direction: Read the given passage and answer the questions that follow based on the information mentioned in it.
To sustain India’s high growth rate and spread its benefits more evenly, the financial sector has a crucial role to play in mobilizing resources and channeling them to productive uses. While India has well-functioning and deep equity markets, the banking sector is beset with governance issues and rising nonperforming assets (NPAs). Corporate bond markets and secondary markets for managing risk remain underdeveloped. This report takes stock of these and other components of India’s financial system, identifies areas of improvement, outlines long-term objectives for financial sector development and reforms, and provides policy recommendations to achieve the long-term objectives.
When did the Capital First Home Finance Company and IDFC Bank merger get its approval from RBI?
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