There are many activities that happen in day to day life of a bank. To handle all these banking sector reforms there are various committees established. In India, these committees take care of all the banking sector reforms. They are responsible for these reforms. Below is the name of the committees in India which takes care of these reforms.
1 | AK Bhuchar Committee | Coordination between commercial banks and term lending institutions |
2 | Bimal Jalan panel | Scrutinizing the applications for new bank licenses |
3 | Dave Committee (2000) | Pension-related schemes For Unorganized Sector |
4 | Deepak Mohanty Committee | Management of Data and information in the RBI |
5 | Ajay Shankar Committee | For reviewing the functions of PPP cell |
6 | Abid Hussain Committee | For smaller Industries |
7 | Aditya Puri Committee | Dissemination of Information related to credit |
8 | James Raj Committee | Helps in the functioning of public sector banks |
9 | Basel Committee | Supervision of banks |
10 | Bhandari Committee | Reconstruction of the RRBs |
11 | Bhide Committee | Coordination between SFC’s and commercial banks |
12 | C Rangarajan committee | Eliminating the poverty scale of the country |
13 | Cook Committee | To check Capital adequacy of banks |
14 | Damodaran Committee | Improving customer services in the banks |
15 | SN Verma Committee (1999) | Helps in the Restructuring of Commercial Banks |
16 | Deepak Parekh committee | Financing the Infrastructure sector |
17 | Dinesh Sharma Committee | Proposing the new regulation that is related to virtual or digital currencies |
18 | H R Khan Committee | Evaluating the unclaimed post office savings and PPP |
19 | N Rangachary committee | Examining the taxation policies in the IT Sector |
20 | N. K Singh Committee | Reviewing the budget management and fiscal responsibility act |
21 | Nachiket Mor Committee | Providing financial services for low-income households and small businesses |
22 | K.V.Kamath Panel | Examine the financial activities and architecture for small, medium and micro enterprises |
23 | Justice M B Shah Commission | related to black money |
24 | M L Dhantwala Committee | Regional Rural Banks |
25 | MBN Rao Committee | Preparing the blueprint for India’s first bank for women |
26 | Suma Verma Committee | Revising and updating the Banking Ombudsman Scheme, 2006 |
27 | Tandon Committee | Following up for credit |
28 | UK Sharma Committee | For NABARD’s Role In RRB |
29 | Narasimham Committee | For reforms related to Banking Sector |
30 | Naresh Chandra committee | Forming a 14 member task force on various issues of security |
31 | Kelkar Committee | Reforming the Tax Structure |
32 | Parthasarathi Shome Committee | GAAR (General Anti Avoidance Rule) Implementation |
33 | R V Gupta Committee | For Small Savings |
34 | R. Jilani Committee | Banking Inspection System |
35 | R.H. Khan Committee | Harmonizing the role of financial institutions |
36 | Raghuram Rajan Committee | Reforms For Financial Sector |
38 | Raja Chelliah Committee | Reforms in Tax |
39 | Rakesh Mohan Committee | Small Savings |
40 | Rattan P Watal Committee | Boosting the digital payment system |
41 | Rekhi Committee | Matters of Indirect Taxes |
42 | RS Gujral Committee | Suggesting the measures related to boost in MSME exports |
43 | S P Talwar Committee | Restructuring the Public Sector Banks that are weak |
44 | A C Shah Committee | Non-Banking Financial Companies (NFBC) reforms |
45 | A Ghosh Committee | Malpractices and frauds in India |
46 | SS Nadkarni Committee | public sector banks trading |
47 | A K Khandelwal Committee | issues public sector banks related to HR |
48 | Janakiraman Committee | Investigating the bank’s security transactions |
49 | K M Chandrasekhar committee | rationalizing the foreign investment norms |
50 | Urjit Patel Committee | Examining the monetary framework |
51 | Vaghul Committee | India’s money market |
52 | Vipin Malik Committee | Bank’s consolidated Accounting |
Q. Which committee is responsible for issues related to the public sector in India?
A. Janakiraman Committee
B. Urjit Patel Committee
C. A K Khandelwal Committee
D. Vipin Malik Committee
Answer: C. A K Khandelwal Committee