On whose recommendations was Indian Banking and Regulation liberalized?

Q.  The liberalization of Indian Banking and Regulation was done based on recommendation of _______?
- Published on 17 Feb 17

a. R Gandhi Committee
b. Narasimham Committee
c. Basel Committee
d. Khusro Committee

ANSWER: Narasimham Committee
 
The Narasimham Committee was established under former RBI Governor M. Narasimham in August 1991 to look into all aspects of the financial system in India.

The report of this committee had comprehensive recommendations for financial sector reforms including the Indian banking sector and capital markets.

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