What was the first Narasimham Committee recommendations regarding the SLR?

Who was the chairman of the committee on banking sector reform?

Maidavolu Narasimham
Manmohan Singh, established the Narasimham Committee to examine India’s banking sector and recommend reforms. Narasimham Committee I was a nine-member committee appointed by the Government of India on August 14, 1991. Maidavolu Narasimham was appointed as Chairman of the Committee.

What was the first Narasimham Committee recommendations regarding the SLR?

First, the committee recommended that the RBI withdraw from the 91-day treasury bills market and that interbank call money and term money markets be restricted to banks and primary dealers. Second, the Committee proposed a segregation of the roles of RBI as a regulator of banks and owner of bank.

Which committee was set up for the financial sector reforms?

The Raghuram Rajan Committee on Financial Sector Reforms was a committee constituted by the Government of India in 2007 for proposing the next generation of financial sector reforms in India.

Who appointed Raghuram Rajan as the RBI governor?

Rajan was appointed the RBI Governor by the Congress-led UPA regime in 2013. In 2016, he reportedly sought a second term, but wasn’t given an extension by the BJP-led NDA regime. For three years between 2003 and 2006, Rajan had worked as Chief Economist of the International Monetary Fund.

What is Tandon committee?

The Tandon Committee was formed with the objective of framing guidelines for commercial banks for ensuring proper end-use of funds, for supervision and follow-up of bank credit. You can read about the RBI – Reserve Bank of India [UPSC Indian Economy Notes] in the given link.

When did Narasimham Committee formed?

1991
The first Committee was set up in 1991 and is referred to as the Narasimham Committee- I, and the 1998 Committee is known as the Narasimham Committee – II.

Why was Narasimham committee setup?

India felt the need for an efficient banking system that is required for a nation’s economic development. That is why ex-Finance Minister of India Dr. Manmohan Singh established the Narasimham committee to examine the functioning of banks.

When did Narasimham committee formed?

What is Ghosh committee recommendations?

4.1 Ghosh Committee had recommended introduction of concurrent audit at large and exceptionally large branches of banks to serve as administrative support to branches, help in adherence to prescribed systems and procedures and prevention and timely detection of lapses/irregularities.

Is RBI a Governor of IAS?

Incumbent. Shaktikanta Das, IAS The Governor of the Reserve Bank of India is the chief executive officer of India’s central bank and the ex-officio chair of its Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India, bear the Governor’s signature.

What is the salary of RBI Governor?

RBI Governor Urjit Patel gets big pay hike; monthly basic jumps to Rs 2.5 lakh from Rs 90,000. With the earlier basic pay of Rs 90,000, Patel got a DA of Rs 1,12,500 and ‘other payments’ of Rs 7,000 — totalling to a gross pay of Rs 2,09,500.