The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.
India's GDP growth is projected to spike to a four-quarter high of 13 per cent in Q1 (April-June) FY23 due to a low base of Covid 2.0 and robust recovery in contact-intensive services, according to ICRA.
The Reserve Bank of India (RBI) published an article titled "Privatisation of Public Sector Banks: An Alternate Perspective" in the August 2022 issue of its bulletin.
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