The Narasimham Committee of 1991 is associated with which subject?
- A.Reform of the banking and financial system
- B.Reform of the insurance sector
- C.Capital account convertibility
- D.Deepening of digital payments
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The Committee on the Financial System of 1991, chaired by M. Narasimham, came at the start of liberalisation and recommended lower statutory liquidity and cash reserve ratios, prudential norms for income recognition and provisioning, the classification of assets as standard, sub-standard, doubtful and loss, a capital adequacy requirement and a…
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