The Narasimhan Committee, specifically the committee chaired by M. Narasimham in 1991 (formally the Committee on the Financial System), was set up by the Government of India to examine and recommend reforms in the Indian financial sector. Its recommendations formed the basis for significant structural and operational changes in banking, financial institutions, and capital markets, aimed at liberalizing and modernizing the financial system.
What was the Narasimhan Committee 1991 related to ?
Asked in MPSC CS Prelims 2012 · Topic: Money & Banking (Banking Sector Reforms: Basel Norms, Asset Quality Review (AQR), and NPA Management)
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