Q. Which of the following committee is related to banking sector reforms?

[A] Narasimhan committee

[B] XAXA committee

[C] Chidambaram pillai committee

[D] Chellai committee

Answer: A

Explanation: Narasimham is the most powerful banker of India post-independence.

  • The way his reports – Narasimham Committee on Financial System (1991) and the Narasimham Committee on Banking Sector Reforms (1998) transformed the functionality of the Indian Banking sector is commendable.
  • He is also known for pioneering historical events such as bank mergers, asset reconstruction firms and the emergence of new-generation private banks.

Source: TMH Ramesh singh