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The Reserve Bank of India has recommended the Centre reduce its holdings in public sector banks.

April 01, 2014 9:01 IST | India Infoline News Service
Growth of output in India’s eight core industrial sectors was up 4.5% in February compared to the same month last year, propped by strong performance in electricity generation, followed by steel and petroleum refinery products. (BL)

The Reserve Bank of India has recommended the Centre reduce its holdings in public sector banks. This, it says, is essential for robust corporate governance practices, considering these lenders’ deteriorating asset quality and rating downgrades. (BS)

A committee headed by Planning Commission member Saumitra Chaudhuri has pitched for a complete revamp of the index to correct such inaccuracies and suggested guidelines for the 16 source agencies to improve data collection and reporting. (ET)

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