 "What is a Narasimham Committee?")
Narasimham Committee
About Narasimham Committee
What is a Narasimham Committee?
Banks are considered the backbone of any economy. In the late 1980s, Indian economy was going through a series of economic crises, including the Balance of Payment crisis. From near depletion in foreign reserves in mid-1991 to becoming the 3rd largest economy in the world in 2011, India has come a long a way. One of the major contributions in that journey has come from banks.
India has both public and private sector banks. As India liberalised its economy in 1991, it was felt that banks were not performing efficiently. During the economic crises, it was recognised that banks have
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