M. Narsimham Committee was set up in December 1997 for Strengthening Banking System
Q. When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system?- Published on 19 Oct 15
a. May, 2006
b. April, 1998
c. December, 1997
d. September, 2005
ANSWER: December, 1997
In December, 1997, the Government of India appointed a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system which submitted its report in April, 1998. The government accepted some of its recommendations, viz. prudential accounting norms, and classification of government-guaranteed advances.