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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. First Narasimhan Committee (Committee on the Financial System – CFS) was appointed by Manmohan Singh as India's Finance Minister on 14 August 1991, and the second one (Committee on Banking Sector Reforms) was appointed by P.Chidambaram as Finance Minister in December 1997. With amalgamation announcement, the government is moving closer to implementing the Narasimham Committee (1998) recommendation on structural reforms. The committee recommended the merger of Indian banks as it will have a "multiplier effect" on the economy. The Government of India has majority stakes in 21 public sector banks and owns more than two-thirds of banking assets in India. Having several government-owned Banks, doing the same business, and competing for same customers is not sensible. It also meant a lower return on the capital employed by the government which has competing demands for funds, and growing competition.
Which of the following is/are the aims of “Digital India” Plan of the Government of India?
1. Digital Infrastructure as a Core Utility to E...
Where was the 5th International Conference on Disaster Resilient Infrastructure (ICDRI) 2023 held in April 2023?
Among CAPF forces, which one has the highest number of active personnel as of 2024?
The National Strategy for Financial Education (NSFE) doesn’t include which of these given below options in its 5c approach?
On 21st January 2022, three states observed their 50th Statehood Day, which of the following is NOT one amongst these three?
Which of the following ASEAN countries are also part of BIMSTEC?
1. Myanmar
2. Malaysia
3. Thailand
4....
Which of the following statements is true about the inauguration of the Statue of Unity?
(1) On Sardar Vallabhbhai Patel's 100th birth annivers...
Lipulekh Pass is in which state?
Which of the following Indian musicians was referred to as ‘Ghazal King’?
Which of the following is not one of the five broad parameters used in constructing the Digital Payments Index (DPI) by the Reserve Bank of India?