Narasimham Committee 1 2, History, Recommendations, Significance . . . This committee, led by M Narasimham, proposed foundational changes like reducing government control, setting up the Asset Reconstruction Fund, and lowering statutory reserves A second committee in 1998 focused on strengthening banks through increased capital adequacy, technology, and governance
Narasimhan committee recommendation on Banking sector Narasimham Committee- II : This Committee is also known as the Banking Sector Committee The task of the Committee was to review the progress of the implementation of reforms and to suggest a design for further strengthening of the sector
Narasimham Committee - Wikipedia These recommendations not only helped unleash the potential of banking in India, they are also recognized as a factor towards minimizing the impact of 2008 financial crisis Unlike the dirigist era up until the mid-1980s, India is no longer insulated from the global economy
Narashiman Committee of Banking System in India Despite impressive quantitative achievements in recourse mobilization and in extending the credit reach, several distortions have over the years crept into the banking and financial system
Report of the Committee on Banking Sector Reforms (1998), chaired by M . . . The Narasimham Committee–II was established by P Chidambaram, the finance minister under the United Front coalition government It was asked to review the recent progress on reforms in the banking sector and recommend measures to extend it
Narasimham Committee II – Indian Economy Notes - Prepp Answer: The recommendations of the Narasimham Committee II led to a series of banking reforms in India, including stricter NPA management, capital adequacy reforms, and the consolidation of banks