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Public sector bank mergers in India are usually approved by:

medium Q6 of 15
Banking Awareness - Banking Acts, Reforms & Risk Management
Public sector bank mergers in India are usually approved by:
ASEBI
BSupreme Court
CGovernment in consultation with RBI
DStock exchanges
Step-by-Step Solution

  1. Step 1: Recall approval authority

    PSU banks are government-owned.

  2. Step 2: Identify decision-makers

    Government takes decisions with RBI input.

  3. Final Answer:

    Government in consultation with RBI → Option C

  4. Quick Check:

    PSU bank reforms = policy decision ✅
Quick Trick: Government + RBI approve PSU mergers.
Common Mistakes:
MISTAKES
  • Assuming market regulators approve bank mergers.
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