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Which one of the following committees is associated with banking sector reforms in India?
- a)L.C. Gupta
- b)Narasimhan
- c)Chakravarty
- d)Kelkar
Correct answer is option 'B'. Can you explain this answer?
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Which one of the following committees is associated with banking sect...
The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India. It focussed on issues like size of banks and capital adequacy ratio among other things.
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Hence, the correct option is (b).
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Which one of the following committees is associated with banking sect...
Committee Associated with Banking Sector Reforms in India
Narasimhan Committee:
- The Narasimhan Committee, officially known as the Committee on the Financial System (CFS), was constituted by the Government of India in August 1991 under the chairmanship of M. Narasimham, a former governor of the Reserve Bank of India.
- The primary objective of the committee was to study the financial system in India and recommend measures for its strengthening and modernization.
- The Narasimhan Committee submitted two reports, commonly referred to as Narasimhan Committee I (1991) and Narasimhan Committee II (1998), which brought about significant reforms in the banking sector of India.
- The recommendations of the committee led to various reforms such as the liberalization of the banking sector, the introduction of new banking licenses, the establishment of asset reconstruction companies, and the strengthening of regulatory mechanisms.
Therefore, the Narasimhan Committee is associated with banking sector reforms in India and has played a crucial role in shaping the financial landscape of the country.
Narasimhan Committee:
- The Narasimhan Committee, officially known as the Committee on the Financial System (CFS), was constituted by the Government of India in August 1991 under the chairmanship of M. Narasimham, a former governor of the Reserve Bank of India.
- The primary objective of the committee was to study the financial system in India and recommend measures for its strengthening and modernization.
- The Narasimhan Committee submitted two reports, commonly referred to as Narasimhan Committee I (1991) and Narasimhan Committee II (1998), which brought about significant reforms in the banking sector of India.
- The recommendations of the committee led to various reforms such as the liberalization of the banking sector, the introduction of new banking licenses, the establishment of asset reconstruction companies, and the strengthening of regulatory mechanisms.
Therefore, the Narasimhan Committee is associated with banking sector reforms in India and has played a crucial role in shaping the financial landscape of the country.
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Which one of the following committees is associated with banking sector reforms in India?a)L.C. Guptab)Narasimhanc)Chakravartyd)KelkarCorrect answer is option 'B'. Can you explain this answer?
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