IMPORTANT COMMITTEES IN BANKING SECTOR

IMPORTANT COMMITTEES IN BANKING SECTOR:

  • Deepak Mohanty Committee: on Data and Information Management in the Reserve Bank of India
  • K. K. Mehrotra Committee: to inquire gas leakage in Bhilai Steel Plant.
  • Vishnu Sahay committee: look probe into the Muzaffarnagar communal violence.
  • Shri M. Narasimham Committee: on Banking Sector Reforms
  • Shri K.U.B. Rao Committee: recommended aligning gold import regulations
  • Urjit Patel Committee: to examine the current monetary policy framework.
  • P.J. Nayak: to review Governance of Boards of Banks in India. The committee was constituted under the chairmanship of P. J. Nayak. He is a former Chairman and CEO of Axis Bank.
  • Bimal Jalan panel: to scrutinize applications for new bank licenses.
  • Nachiket Mor Committee: to permits NBFCs to work as Business Correspondents of banks.
  • Mukul Mudgal member panel : to probe IPL spot‐fixing
  • Vijay Kelkar Committee was appointed by the Petroleum and Natural Gas Ministry to prepare a road map to make India self-sufficient in oil and natural gas by 2030.
  • B. Sambamurthy: panel favours single mobile banking app on all SIMs. Panel recommended that customers should not be required to visit the bank branch for mobile number registration.
  • Justice A.P. Shah committee : to head panel on road safety
  • Arvind Mayaram Committee : for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)
  • Anil Kaushal committee : to examine the recommendations made by the TRAI on pricing of Spectrum.
  • Parthasarathi Shome Committee: for Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance
  • Nachiket Mor committee : on comprehensive financial services for small businesses and low‐income households.
  • K U.B. Rao: the idea of setting up Bullion Bank or Bullion Corporation of India
  • Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
  • Suma Verma Committee: to update, and revise the Banking Ombudsman Scheme, 2006
  • Damodran Committee: on improvement of customer services in banks
  • K M Chandrasekhar committee: for rationalization of foreign investment norms
  • Shri Pulak Kumar Sinha Committee: to study the feasibility of Aadhaar as an additional factor for authentication of card present transactions.