It may be recalled that during October–November 2008, RBI had to provide a special dispensation in the form of Term Repo facility of Rs.60,000 crores, under which banks could avail central bank funds to address the liquidity stress faced by Mutual Funds, NBFCs, HFCs. Banks were given an SLR exemption up to 1.5 per cent of NDTL to address this problem.
(a)  All public sector banks could be converted into companies, to accord flexibility for changes in ownership, mergers, acquisitions, sound corporate governance and motivation for workforce to compete effectively.