BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sarayya Committee
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Kapoor Committee
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Narasimhan Committee
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Rangarajan Committee
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Detailed explanation-1: -The Dantwala Committee 1978, recommended that RRBs should become an integral part of the rural credit structure and Priority for establishing RRBs should be given to those districts where CCBs are weak.
Detailed explanation-2: -Accordingly, they suggested reducing SLR rates from 38.5% to 25% and CRR from 15% to 3-5%. The Government of India implemented credit programmes that compelled banks to set aside funds for the needy and poor sectors at decreased rates.
Detailed explanation-3: -The Narasimham Committee had recommended the creation of Regional Rural Banks. Regional Rural Bank (RRB) is also known as a small man’s bank. It was recommended for the development of the rural economy in India.
Detailed explanation-4: -The Working Group on RRBs (Kelkar Committee) in 1984 recommended that small and uneconomic RRBs should be merged in the interest of economic viability.
Detailed explanation-5: -The Narasimham committee has recommended that the provisions of the RBI Act, Banking Regulation Act, State Bank of Act, and other laws be reviewed and amended as soon as possible in order to bring them in line with current banking needs.