Question

Which of the following Committee in the late 1990s recommended consolidation through a process of merging strong banks?

A Narasimham Committee Correct Answer Incorrect Answer
B Santalam Committee Correct Answer Incorrect Answer
C Kelkar Committee Correct Answer Incorrect Answer
D None of these Correct Answer Incorrect Answer

Solution

It was the Narasimham Committee in the late 1990s that recommended consolidation through a process of merging strong banks. There are too many banks in India with sizes that are minuscule by global standards with their growth constricted by their inability to expand.

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