16 Nov


Check out the Important Committees in Banking Sector that have paved the road for growth and development in the banking industry. These are very important for various exams conducted by IBPS.

1. M.P. Bezbaruah: to suggest suitable remedial measures to address concerns regarding security of people from North East.
2. 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.
3. Vijay Kelkar Committee was appointed by the Petroleum and Natural Gas Ministry to prepare a road map to make India self-sufficientin oil and natural gas by 2030.
4. Deepak Mohanty Committee: on Data and Information Management in the Reserve Bank of India
5. K. K. Mehrotra Committee: to inquire gas leakage in Bhilai Steel Plant.
6. 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.
7. Nachiket Mor Committee: to permits NBFCs to work as Business Correspondents of banks.
8. Vishnu Sahay committee: look probe into the Muzaffarnagar communal violence.
9. Urjit Patel Committee : to examine the current monetary policy framework.
10. Mukul Mudgal member panel to probe IPL spot‐fixing.
11. Nachiket Mor : committee on comprehensive financial services for small businesses and low‐income households.
12. Justice A.P. Shah committee : to head panel on road safety
13. Anil Kaushal committee: to examine the recommendationsmade by the TRAI on pricing of Spectrum.
14. Bimal Jalan panel : to scrutinize applications for new bank licenses.
15. Parthasarathi Shome. – for Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance
16. Kirit Parikh panel : on fuel pricing has suggested that the diesel prices should be increased by Rs.1-1.50 a litre every month as against the 45-50 paise monthly hike followed currently.
17. K U.B. Rao : the idea of setting up Bullion Bank or Bullion Corporation of India
18. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
19. Arvind Mayaram Committee –for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)
20. Suma Verma Committee : to update, and revise the Banking Ombudsman Scheme, 2006
21. Damodran Committee: on improvement of customer services in banks
22. Shri M. Narasimham Committee: on Banking Sector Reforms
23. Shri K.U.B. Rao Committee: recommended aligning gold import regulations
24. K M Chandrasekhar committee : for rationalizationof foreign investment norms
25. Shri Pulak Kumar Sinha Committee: to study the feasibility of Aadhaar as an additional factor for authentication of card present transactions.

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