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Reforms Development In The Banking Sectors
What was the primary objective of the Narasimham Committee I (1991) recommendations?
The Narasimham Committee I aimed to transform the Indian banking sector by reducing statutory pre-emptions, introducing prudential norms, and moving towards a more market-oriented financial system.
What is the minimum Capital to Risk-weighted Assets Ratio (CRAR) prescribed by RBI for Indian banks?
9% under Basel III norms for Indian banks.
Which year marks the beginning of the liberalisation era in Indian banking reforms?
1991 marks the beginning of banking sector reforms in India, triggered by the balance of payments crisis and the acceptance of Narasimham Committee I recommendations.
What is the Statutory Liquidity Ratio (SLR) and which Act mandates it?
Banks must invest in approved securities; mandated by Banking Regulation Act 1949.
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