Financial Awareness - Risk, Stability & Emerging Finance
Which committee is credited with recommending the consolidation of Indian banks to create stronger banking entities?
Which committee is credited with recommending the consolidation of Indian banks to create stronger banking entities?
easy Q2 of 15
Step-by-Step Solution
Step 1: Identify committee roles
Narasimham Committee II emphasized bank consolidation and strengthening prudential norms.Step 2: Exclude other committees
Rangarajan Committee focused on monetary policy; Narasimham I on NPAs; Verma Committee on banking fraud.Final Answer:
Narasimham Committee II → Option AQuick Check:
Bank consolidation = Narasimham Committee II ✅
Quick Trick: Narasimham II = bank consolidation & prudential norms.
Common Mistakes:
- Mixing Narasimham I and II recommendations.
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