Banking Reforms Committee Identification
The question asks to identify the specific committee constituted for addressing reforms within the banking sector.
Narsimham Committee Role
The Narsimham Committee (specifically, the first one in 1991 and the second in 1998) was established to undertake comprehensive reviews and suggest reforms for the Indian banking sector. Its recommendations aimed at improving the efficiency, productivity, and profitability of banks, strengthening supervision, and enhancing competition.
Other Committees' Focus
- Malhotra Committee: Primarily focused on insurance sector reforms.
- Kelkar Committee: Associated with tax reforms and fiscal policy.
- Chelliah Committee: Also known for its significant contributions to tax structure reforms.
Conclusion on Banking Reforms
Based on the distinct mandates, the Narsimham Committee is the correct body constituted for banking sector reforms.
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