BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bimal Jalan Committee
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Nachiket Mor Committee
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P J Nayak Committee
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YV Reddy Committee
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Detailed explanation-1: -The Nachiket Mor Committee mooted the idea of a Payments Bank. This Committee was set up in 2013. This Committee was also known as the Committee on Comprehensive Financial Services for Small Business and Low Income Households.
Detailed explanation-2: -The Nachiket Mor committee was headed by Nachiket Mor. This committee was formed by former Reserve Bank of India Governor Raghuram Rajan in 2013. This committee is also known as the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.
Detailed explanation-3: -Payments Banks were formed on the recommendations of the Nachiket Mor Committee.
Detailed explanation-4: -The P J Nayak Committee or officially the Committee to Review Governance of Boards of Banks in India was set up by the Reserve Bank of India (RBI) to review the governance of the board of banks in India. The Committee was set up in January 2014.
Detailed explanation-5: -It was headed by Nachiket Mor. The objective of the panel was to study various aspects of financial inclusion in India.