Banking · Banking Sector Reforms
A key recommendation of the Narasimham Committee (1991) aimed at improving financial health, efficiency, and operational freedom of Indian commercial banks was:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Immediate creation of Differentiated Banking licenses like Small Finance Banks
- 2Increasing mandatory Priority Sector Lending targets from 40% to 50%
- 3Phased reduction of high Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR)✓
- 4Mandating core banking solution implementation across all public sector banks
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Phased reduction of high Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR)
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