Question

Which of the following committees were related with the reforms in Banking sector in India?
1. Raja Chelliah Committee
2. Dr. K Kasturirangan
3. Narasimham Committee
4. Uday Kotak Committee

Answer 1

Correct Answer - Option 3 : Narasimham Committee

The correct option Narasimham Committee

• Raja Chelliah Committee was also formed post-1991 reform for reforms in tax administration (Direct tax).
• Dr. K Kasturirangan Committee was formed to draft a New Education Policy. India adopted the National Education Policy, 2020, the first since the National Policy on Education,1986.
• As part of the economic reforms post-1991, M. Narasimham headed the Committee on Banking Sector Reforms (1991) was formed to reform public sector dominated Indian Banking. Again, Narsimham-2 committee in 1998 was formed to review so far and recommend further recommendations.
• Uday Kotak Committee was a committee on Corporate Governance formed by SEBI in 2017.