The Narasimham Committee (1998) is primarily associated with the comprehensive reform of the Indian banking sector, including prudential norms and asset classification.
- True
- False
Answer: True
The second Narasimham Committee laid the blueprint for strengthening the Indian banking system. It recommended tighter income recognition and provisioning norms, the reduction of the SLR and CRR, and the deregulation of interest rates to make Indian banks globally competitive.