As per which committee’s recommendations, the RBI has sold its entire stake in NHB and Nabard to the Union Government?a)M P Bezbarauah Committeeb)Narasimham Committee-IIc)N K Singh Committeed)Usha Thorat CommitteeCorrect answer is option 'B'. Can you explain this answer?

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As per which committee’s recommendations, the RBI has sold its entire stake in NHB & Nabard to the Union Government?

a)
M P Bezbarauah Committee
b)
Narasimham Committee-II
c)
N K Singh Committee
d)
Usha Thorat Committee

Correct answer is option 'B'. Can you explain this answer?

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As per which committee’s recommendations, the RBI has sold its entire...

The Reserve Bank of India (RBI) has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (Nabard) for Rs 1,450 crore and Rs 20 crore, respectively. The move is part of ending the cross-holding in regulatory institutions and follows the recommendation of second Narasimham committee report of October 2001 and the RBI's own discussion paper on the same entitled 'Harmonizing the role and operations of development financial institutions and banks. The current change in the capital structure of both these financial institutions was brought in by the government through amendments to the Nabard Act of 1981 and the NHB Act of 1987 which were notified on January 19, 2018 and March 29, 2018, respectively. With this, the Government of India (GoI) now holds 100% stake in both these financial institutions.

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As per which committee’s recommendations, the RBI has sold its entire stake in NHB & Nabard to the Union Government?a)M P Bezbarauah Committeeb)Narasimham Committee-IIc)N K Singh Committeed)Usha Thorat CommitteeCorrect answer is option 'B'. Can you explain this answer?

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