GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Administrative Reforms
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Banking Reforms
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Constitutional Reforms
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Electoral Reforms
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Detailed explanation-1: -The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India. It focussed on issues like size of banks and capital adequacy ratio among other things.
Detailed explanation-2: -The objective of the 1st Narasimham Committee was growth in the banking sector and for that, the 9 members of the Narasimham committee made some important recommendations which are: The rate of Liquidity Statutory ratio is to be reduced. The capital adequacy ratio should reach 8%.
Detailed explanation-3: -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. The first Narasimhan Committee made the following recommendations for the growth of the banking sector.
Detailed explanation-4: -The Narasimham Committee 1991 – First Phase This committee was formed right after the economic crisis. It suggested – Autonomy in Banking, Reforms in the role of RBI, Change in CRR and SLR, Recovery of Debts, Freedom of Operation, Local Area Banks, Prudential Norms, and Entry of Foreign Banks.