Context: The recent Union Government sought approval for additional expenditure recapitalization of public sector banks would not address the central problems of the PSBs.
Issues with the banks:
Relevant Committee: The Union government has set up an expert committee, led by former Comptroller and Auditor General Rajiv Mehrishi, to study the potential impact of waiving interest and interest on interest for the COVID-related moratorium period on the economy and financial stability.
Conclusion: