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Which committee appointed by the Government of India recommended the formation of lead banks in 1969?
  • a)
    Nariman Committee
  • b)
    Bhagwati Committee
  • c)
    Pranav Committee
  • d)
    Narasimhan Committee
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
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Key Points
  • Nariman Committee
    • The Nariman Committee in 1969 
      recommended
       a 
      scheme to unite the commercials banks co-operative banks and government and semi-government agencies to work together for the socio-economic growth of the country
      .
    • The Lead Bank Scheme was also introduced.
    • The Lead Bank Scheme was introduced to provide lead roles to individual banks (both in the public sector and private sector) for the districts allotted to them.
Additional Information 
  • Bhagwati Committee
    • In November 1995, SEBI appointed a committee to review the Takeover Regulations of 1994 under the chairmanship of Justice P.N. Bhagwati (the Bhagwati Committee).
    • The committee submitted its report in January 1997.
  • Narasimhan Committee
    • The Committee was set up under the chairmanship of Maidavolu Narasimham.
    • He was the 13th governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977.
    • There was another Committee, this time under P Chidambaram as the finance minister, headed by Narasimham, which was formed in 1998.
    • The first Committee was set up in 1991 and is referred to as the Narasimham Committee- I and the 1998 Committee is known as the Narasimham Committee – II.
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Which committee appointed by the Government of India recommended the formation of lead banks in 1969?a)Nariman Committeeb)Bhagwati Committeec)Pranav Committeed)Narasimhan Committeee)None of theseCorrect answer is option 'A'. Can you explain this answer?
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