Economics · Banking Sector Reforms
Consider the following statements regarding the Narasimham Committee recommendations and subsequent banking reforms: Statement I: The committee recommended the establishment of an Asset Reconstruction Fund (ARF) to take over bad and doubtful debts from banks. Statement II: It advocated for the abolition of branch licensing policy to allow banks freedom to open branches based on commercial viability. Statement III: The committee suggested that the Reserve Bank of India should be the primary agency for the recruitment of officers for all public sector banks. Which of the options correctly identifies the valid statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I
- 2Only I and II✓
- 3Only II and III
- 4I, II and III
Correct answer
Only I and II
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