Economics • Banking & FinanceHard
Which committee was constituted by the Reserve Bank of India to review the extant classification, valuation, and operation norms for the investment portfolio of commercial banks?
A. U.K. Sinha Committee
B. A. Ghosh Committee
C. Pradip Shah Committee✓ Correct Answer
D. T.R. Muralidharan Committee
💡 Solution & Explanation
The Reserve Bank of India appointed the Pradip Shah Committee to evaluate and recommend revised classification, valuation, and operational norms for commercial bank investment portfolios in line with evolving financial markets. Committees on banking sector reforms are high-probability topics for banking examinations.
More Economics Banking & Finance questions
- Which committee recommended the constitution of the 'Internal Ombudsman' mechanism in banks and non-banking…
- In international banking supervision, the acronym 'CAMELS' rating framework evaluates Capital adequacy, Asset…
- Which institution in India acts as the lender of last resort for scheduled commercial banks?
- What is the primary function of the 'National Payments Corporation of India (NPCI)'?
- What is the primary statutory objective of establishing the 'National Bank for Financing Infrastructure and…