Narasimham Committee

The Narasimham Committee refers to two reports submitted in the 1990s by a committee led by Indian banker M. Narasimham. Their main aim was to reform and strengthen India's banking and financial sectors. The first report in 1991 focused on liberalizing bank regulations, promoting competition, and enhancing the efficiency of financial institutions. The second report in 1998 addressed issues like banking sector consolidation and risk management. Overall, these recommendations were pivotal in reshaping India’s banking system, making it more robust and capable of supporting economic growth.