Question
Which of the following committee had recommended the
consolidation of banks -:Solution
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.
In the latest BrandZ India report by insights and consulting firm Kantar shows, __________and __________have been named as the "most purposeful" brands ...
Who was given the 'Governor of the Year' award by Central Banking in London?
Which team did the Indian men’s Kho Kho team defeat to win the inaugural World Cup 2025?
What was the focus of the 'AI Safety Summit 2023' held in the United Kingdom?Â
Consider the following statements:
I. Chief Minister’s Breakfast Scheme has recently been implemented by Andhra Pradesh.
II. 1,545...
The International Big Cat Alliance (IBCA) became a full-fledged intergovernmental organization in January 2025. What is its primary focus?
- Padmakar Shivalkar, who recently passed away, was associated with which sport?
In which Indian state is the ‘One Health’ pilot initiative for zoonotic disease surveillance being implemented?
By how much did the manufacturing GVA in India grow in the financial year 2022-23, according to NSO as per data released in Nov 2024?
Who out of the following captured Gwalior after the Battle of Panipat in 1761?