Question

When the second Narasimham Committee was appointed?

Hint:

Remember: First Narasimham Committee was in 1991 (liberalization era), and the second one followed up in 1998.

Answer 1

The second Narasimham Committee, formally known as the Committee on Banking Sector Reforms, was appointed by the Government of India in 1998. Its purpose was to review the progress of the first phase of banking reforms (which followed the first committee's report in 1991) and to chart a course for further strengthening the financial system.