Narasimham Committee Report
Presentation by Chandni Jain Deepak Jain Neha Batra Saurabh Garg Vikram Gulati
What is Narasimham Committee report??
Who was Mr. M.Narasimham??
Mr. M.Narasimham was the thirteenth Governor of the Reserve Bank of India from 2 May 1977 to 30 November 1977. He was the first Reserve Bank cadre officer to be appointed as Governor.
Narasimham Committee Report
Narasimham - l Committee Report 1991
Narasimham- ll Committee Report 1998
Narasimham - l Committee Report 1991
The first Narasimhan Committee was appointed by Manmohan Singh as India's Finance Minister on 14 August 1991 under the chairmanship of M. Narasimham. The purpose of the Narasimham-I Committee was to study all aspects relating to the structure, organization, functions and procedures of the financial systems and to recommend improvements in their efficiency and productivity. The Committee submitted its report to the Finance Minister in November 1991 which was tabled in Parliament on 17 December 1991.
Narasimham - ll Committee Report 1998
The second one was appointed by Mr. P.Chidambaram as Finance Minister in December 1997. The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India. Mr. M. Narasimham, Chairman, submitted the report of the Committee on Banking Sector Reforms to the Finance Minister Yashwant Sinha in April 1998.
Emerging Problems post Nationalization
1969- Banks Nationalization Effects of nationalization of banks :1. Phenomenal increase in the geographical coverage of our banking and financial institutions. 2. Despite impressive quantitative achievement- low efficiency and productivity, bad portfolios performance, and eroded profitability. 3. Several public sector banks and financial institutions were incurring losses year after year.