Financial Reforms and Banking Innovation

Committees related to Banking Sector Reforms

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.

Browse more Topics under Financial Reforms And Banking Innovation

  1. Introduction to Financial Reforms
  2. Innovative Banking
  3. Trends in Banking
  4. Services of Banks
  5. Major effects of International Banking

Banking Sector Reforms

Banking Sector 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

Learn more about the Structure of Banking in India here in detail

Practice question on Banking Sector Reforms

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

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