Question

the objective of government to appoint narasimham committee is

Answer 1

The main objective of setting up the Narsimham committee was to discover ways by which full potential of the Indian banking sector could be unlocked.

It was supposed to conduct studies into the working of the banking sector and suggest methods by which the efficiency and productivity of banking sector could be improved.


Narsimham committee was formed by recommendations of then Finance Minister Dr. Manmohan Singh.

Answer 2

Narasimham committee was set up by Reserve Bank of India to look after the reforms and necessary legislations to be made in the financial sectors.

The report submitted by the committee contains the recommendations related to the reforms to be done so that financial sectors of the economy work in an effective manner.