Question
Which of the following committees recommended the introduction of the Banking Regulation (Amendment) Bill, 2020 in the Indian Parliament?
Solution
The introduction of the Banking Regulation (Amendment) Bill, 2020 in the Indian Parliament was recommended by the V. Acharya Committee. The committee was constituted by the Reserve Bank of India (RBI) in 2016 to review the framework for the resolution of stressed assets in the banking sector. The committee submitted its report in April 2018, which recommended several measures for improving the resolution framework, including the introduction of the Banking Regulation (Amendment) Bill, 2020. The bill was introduced in the Lok Sabha in March 2020 and was passed by both houses of Parliament in September 2020. Hence, option D is correct.
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