Question
The Narsimhan Committee 1991 recommended the reforms with respect to the banking sector. These reforms are also known as:
The correct answer is
First generation reforms
Narsimhan Committee 1991 Reforms
The Narsimhan Committee, established in 1991, was tasked with recommending reforms for the Indian banking and financial sector.
The significant policy changes and structural adjustments proposed by this committee aimed at modernizing the banking system and enhancing its efficiency and competitiveness.
These comprehensive reforms, introduced in the early 1990s, are widely recognized and referred to as the First generation reforms for the Indian financial sector.
Therefore, the reforms recommended by the Narsimhan Committee in 1991 are known as First generation reforms.
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