Question : AUTONOMY TO BANKS



(a) whether the Government intend to provide greater autonomy to Banks;

(b) if so, the details thereof; and

(c) if not, the reasons therefor?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATH) :

(a) and (b) Yes, Sir. As indicated in the Budget speech for the year 2000-2001, necessary changes are proposed to be brought about in the concerned statutes to accord necessary fexibility and autonomy to the Boards of the banks.

(c) Does not arise.