The Nayak Committee recommendations in the matter look at the Bank Investment Company Structure from the limited perspective / single angle of separating the GOI investments from the PSBs. There are deeper ramifications on this aspect and the whole issue must be looked at from multiple dimensions including that of the financial stability perspective.
BIS Review 48/2000  2  Specifically, we could increase the estimate of trend productivity growth, based on higher multifactor productivity and capital deepening - both due in large part to information and communications technology - and have a fairly good explanation of the remarkable performance of the US economy.